Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks December 19, 2023 By Rachel Graham, Brendan Murray and Alex Longley Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa...
Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela December 19, 2023 By Kevin Crowley and Alex Longley One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating...
CVC Completes Deal to Take Majority Investment in Dale Underwriting Partners December 18, 2023 Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment...
Initial Insured Losses for Windstorm Ciarán (aka Emir) Estimated at €1.9B: PERILS December 18, 2023 Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to...
Britain’s National Grid Drops China-Based Supplier Over Cyber Security Fears: FT December 18, 2023 By James Pearson and Alexander Marrow Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology from the electricity transmission network...
Update: London Marine Insurers Widen High Risk Zone in Red Sea as Attacks Surge December 18, 2023 London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge...
Shipping Firms Avoid Red Sea as Attacks From Iran-Backed Houthi Militants Rise December 18, 2023 Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for...
Australian Tourist Hotspot Inundated With Life-Threatening Floods After Cyclone Jaspar December 18, 2023 By Keira Wright A key tourism area in Australia’s far north has been inundated with life-threatening flooding after days of torrential rainfall in...
Lloyd’s Extends Lease on Iconic London Headquarters Until 2035 December 18, 2023 By Eamon Akil Farhat Society of Lloyd’s, better known as Lloyd’s of London, has reached an agreement to remain in its One Lime Street...
S&P Upgrades Lloyd’s Financial Strength Rating to AA- December 15, 2023 S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook...