This market has seen some easing from the larger rate increases of 2023, though insurers are very cautiou...
Nigeria: Authorities to raise issue of war risk insurance with foreign insurers
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it would be engaging foreign insurance companies, including Lloyd's, to address the issue of war risk insurance placed on Nigeria-bound cargoes by shipping companies.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it would be engaging foreign insurance companies, including Lloyd's, to address the issue of war risk insurance placed on Nigeria-bound cargoes by shipping companies.
Article / 1 day ago
European Insurance Market Update Q1 2024
In this update we analyse the current European commercial lines insurance market based on the experiences of our WTW clients....
In this update we analyse the current European commercial lines insurance market based on the experiences of our WTW clients....
Article / 8 days ago
War Risk: Red Sea & Gulf of Aden; Black Sea & Ukraine - Political Risk Podcast
This is a war risk insurance flavoured episode, featuring Michael Burle, head of marine at Liberty Specialty Markets, and Neil Roberts, secretary of the Joint War Committee...
This is a war risk insurance flavoured episode, featuring Michael Burle, head of marine at Liberty Specialty Markets, and Neil Roberts, secretary of the Joint War Committee...
Podcast / 14 days ago
Insurance Marketplace Realities Spring Update 2024
Rate predictions, forecasts and market insights for 30+ lines of insurance across North America....
Rate predictions, forecasts and market insights for 30+ lines of insurance across North America....
Article / 21 days ago
General aviation insurance market outlook: Q2 2024
The general aviation insurance market presents a mixture of issues, some of which are present across the entire aviation sector, and some of which are specific to the individual sub-sectors or...
The general aviation insurance market presents a mixture of issues, some of which are present across the entire aviation sector, and some of which are specific to the individual sub-sectors or...
Article / 28 days ago
Red Sea crisis: As tensions mount in Red Sea, freight charges, insurance premiums may surge further - The Economic Times
Heightened tensions between Iran and Israel are expected to increase freight charges and insurance premiums for shipping vessels on global routes. Ships bound for western European countries and the US are particularly at risk.
Heightened tensions between Iran and Israel are expected to increase freight charges and insurance premiums for shipping vessels on global routes. Ships bound for western European countries and the US are particularly at risk.
economictimes.indiatimes.com /
Article / 1 month ago
Insurer in Full: MSC Aries seizure adds to marine war headwinds as Iran-Israel tensions escalate
The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwinds for the marine war market as tensions continue to escalate in the Middle East...
The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwinds for the marine war market as tensions continue to escalate in the Middle East...
Article / 1 month ago
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 1 month ago
Baltimore incident likely to drive up marine insurance rates
Assuming the loss is significant, the likely outcome is “an increase in pricing,” said Marcus Baker, global head of marine, cargo, and logistics for Marsh LLC in London.....
Assuming the loss is significant, the likely outcome is “an increase in pricing,” said Marcus Baker, global head of marine, cargo, and logistics for Marsh LLC in London.....
Article / 2 months ago
Red Sea rates spike again after Rubymar attack
Average Red Sea war risk rates have spiked to around 1 percent after Sunday's attack on the Rubymar cargo vessel in the Gulf of Aden, with the potential sinking of the ship raising removal of...
Average Red Sea war risk rates have spiked to around 1 percent after Sunday's attack on the Rubymar cargo vessel in the Gulf of Aden, with the potential sinking of the ship raising removal of...
Article / 3 months ago
