Middle East Crisis:Global Marine re/insurers issue notices of cancellation(NOC) under standard 7-day war clauses

Middle East Crisis:Global Marine re/insurers issue notices of cancellation(NOC) under standard 7-day war clauses

by | Mar 2, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

Additional premiums for vessels transiting high-risk waters are rising sharply and may continue to fluctuate in the short term.Cargo war risk remains available; however, rates are increasing and quotations are being reviewed on a voyage-by-voyage basis, particularly...