The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic...
Lloyd’s Market Association (LMA) News
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging — in some cases by...
London-based reinsurers of ships are canceling their coverage of war risk and demanding 200% more to reinstate policies, according to...
The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide...
London’s marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in...
Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its...
Once perceived as intricate, time-consuming, and on occasion, frustrating, insurance claims processing has undergone a substantial transformation with the integration...
The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these...
The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...
Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa...