Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse May 2, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
Yemen’s Houthis Rebels Attack Portuguese-Flagged Ship in First Deep-Sea Assault May 2, 2024 By Jon Gambrell A Portuguese-flagged container ship came under attack by a drone in the far reaches of the Arabian Sea, corresponding with...
Yemen’s Houthis Attack Four Ships in Indian Ocean, Red Sea May 1, 2024 By Nayera Abdallah and Enas Alashray Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean...
Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea April 30, 2024 By Jon Gambrell Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea...
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable April 30, 2024 A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart...
Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance April 29, 2024 A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a...
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits April 26, 2024 By Nidhi Verma Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide...
Howden’s DUAL Acquires Swiss Re’s Marine Team to Support Growth Ambitions April 17, 2024 DUAL, the specialist underwriting arm of Howden Group Holdings, announced it has significantly strengthened its marine capability in Europe with...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge April 17, 2024 By Jonathan Saul Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile...
Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says April 15, 2024 By Brendan Murray The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process in which companies...