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 / 2 days 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 / 3 days 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 / 17 days ago
Baltimore bridge collapse underscores importance of insurance – Lloyd's CEO
The collapse of the Francis Scott Key Bridge in Baltimore will give the insurance industry an opportunity to demonstrate its worth, according to Lloyd's of...
The collapse of the Francis Scott Key Bridge in Baltimore will give the insurance industry an opportunity to demonstrate its worth, according to Lloyd's of...
Article / 18 days ago
Baltimore bridge collapse could become biggest single marine insurance loss ever -- Lloyd's chairman
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson...
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson...
Article / 21 days ago
Baltimore Bridge May Trigger Historic Marine Loss, Says Lloyd's of London
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Article / 22 days ago
Insider in Full: Fears that Baltimore bridge P&C claim could exceed Costa Concordia
Reinsurers and retro writers will bear the brunt of the claim as signs mount that the collapse of the Francis Scott Key Bridge in Baltimore will become one of the largest losses ever to hit the marine market...
Reinsurers and retro writers will bear the brunt of the claim as signs mount that the collapse of the Francis Scott Key Bridge in Baltimore will become one of the largest losses ever to hit the marine market...
Article / 23 days ago
War insurers shrug off Rubymar sinking in Red Sea, rates stable - Reuters
Insurance industry sources said the Rubymar, built in 1997, was an ageing vessel with a low value, which was not believed to have been covered through the major London marine insurance market...
Insurance industry sources said the Rubymar, built in 1997, was an ageing vessel with a low value, which was not believed to have been covered through the major London marine insurance market...
reuters.com /
Article / 2 months ago
Navigating the challenges and disruptions of the Red Sea - Insurance Business Canada
How will cargo shipping and trading in the Red Sea change in the future?
How will cargo shipping and trading in the Red Sea change in the future?
Podcast / 2 months ago
Houthis order shipping ban, missiles set ship aflame off Yemen - Reuters
Yemen's Houthis on Thursday sent shippers and insurers formal notice of what they termed a ban on vessels linked to Israel, the U.S. and Britain from sailing in surrounding seas, seeking to reinforce their military campaign in support of Palestinians.
Yemen's Houthis on Thursday sent shippers and insurers formal notice of what they termed a ban on vessels linked to Israel, the U.S. and Britain from sailing in surrounding seas, seeking to reinforce their military campaign in support of Palestinians.
reuters.com /
Article / 2 months ago
