Insurance giant Chubb will be the lead partner on the U.S. International Development Finance Corporation’s $20 billion Maritime Reinsurance Plan…
Browsing: Shipping
The insurer will act as lead underwriter for a DFC reinsurance scheme backing as much as $20 billion in war-related…
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of…
War risk cover remains available on a single-voyage basis, IUMI said, provided navigation is authorized by governments and flag states.…
Coverage gap and statutory cap reveal the math problem at the heart of Washington’s proposal
Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in…
The implications extend beyond marine insurance. Tanker operators generally pass elevated war premiums on to charterers, who in turn incorporate…
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis…
Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts…