by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. That’s up from 0.2% to 0.3% in recent months, a period...
by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, International News, Risk Management
Still, threat levels for shipping remained high given the Houthis’ confirmation that Israeli-related assets remained open to attack and the attendant risks to broader shipping, maritime officials said. Ships with no connection to Israel had been targeted in the...
by AIP Online Bureau | Jan 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Higher war risk insurance premiums, paid when vessels sail through the Red Sea, have meant additional costs of hundreds of thousands of dollars for a seven-day voyage for any ships still sailing through the area. Yemen’s Houthis will limit their attacks on...
by AIP Online Bureau | Aug 4, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The killing of Haniyeh in Tehran has sparked concerns of a new escalation in the Israel-Hamas war. Already, the U.S. military says it will move a fighter jet squadron to the Middle East and keep an aircraft carrier in the region DUBAI, United Arab Emirates : A missile...
