Markets/Coverages: WTW Launches Facility for Cargo and War-on-Land Risks in Ukraine May 14, 2024 Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land...
Suspected Pirate Attack in Gulf of Aden Raises Concerns About Growing Somali Piracy May 13, 2024 A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through...
UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden May 10, 2024 By Tala Ramadan and Nayera Abdallah The United Kingdom Maritime Trade Operations (UKMTO) organization said on Friday it had received a report of a failed hijacking...
Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure May 9, 2024 Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to...
Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits May 8, 2024 By Mohammed Hatem and Olivia Solon Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes...
Viewpoint: The 10 Major Risks Shaping Insurance Today May 8, 2024 By Robert Muir-Wood I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks...
Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk May 6, 2024 By Stine Jacobsen Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between...
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports May 3, 2024 Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya...
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...