News about: insurance

Red Sea war-risk cover surges 150% after Houthi Saudi blockade

Hormuz war-risk rates reach 6% as cover inquiries decline

Gard warns shipowners over general average security after casualties

Allianz warns $125bn in ships and cargo is caught in Persian Gulf disruption

The Swedish Club adds DNV Cyber and CyberOwl risk updates for 1,000 insured vessels

Hormuz Safe offers Bitcoin-settled cover for Strait of Hormuz cargoes in $10bn insurance plan

India backs sovereign maritime insurance pool to shield shipping from global risk shocks

Rosgosstrakh receives accreditation from Directorate General of Shipping of India 

Turkey clarifies insurance arbitration rules without adding Bosphorus tanker requirements

Gard, Skuld and Steamship Mutual cancel war-risk cover for Iran and Gulf trades from 5 March

UK Club keeps war risks P&I excess cover at $500m for 2026 with higher buy-back limit

Allianz Commercial partners with Coastal Marine to expand marine hull offering in Asia Pacific

Red Sea war‑risk cover jumps from 0.4% to 1% of ship value after two attacks

Three Russian insurers seek Indian approval to provide marine insurance for oil tankers - Reuters

Poseidon Principles reveal marine insurance sector's emissions gap in third annual report