insurance

Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade

The International Union of Marine Insurance (IUMI) has released its 2024 “Stats Report,” providing a detailed analysis of the global marine insurance

By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those

LONDON, Sept 19 (Reuters) – The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters

By Jonathan Saul (Reuters) – A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels

By Jonathan Saul LONDON, July 23 (Reuters) – Paying claims for ships involved in accidents or collisions with other vessels covered by

By Captain Rahul Khanna The tragic collapse of Baltimore’s Francis Scott Key Bridge in the US after it was hit by the container ship Dali made headlines

By Sinead Cruise, Jonathan Saul and Carolyn Cohn LONDON, March 27 (Reuters) – Baltimore’s Francis Scott Key Bridge collapse

By Zachary R. Mider and Zeke Faux (Bloomberg) –A Republican congressman is asking the Treasury Department to explain its handling of a US insurance

(Bloomberg) — Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to

By Alex Longley and Áine Quinn (Bloomberg) — Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red

By Alex Longley and Áine Quinn (Bloomberg) — Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they

By Alex Longley (Bloomberg) The cost of war-risk insurance for vessels sailing through the Red Sea is spiraling, adding a further potential impediment to

By Jonathan Saul LONDON, Dec 4 (Reuters) – War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the

Global marine insurance premiums in 2022 increased by 8.3% to $35.8 billion, driven by trade rebound, rising asset values, reduced market capacity, and premium

JERUSALEM, Nov 2 (Reuters) – Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting

By Anna Shiryaevskaya (Bloomberg) A liquefied natural gas vessel left an export terminal in Egypt either unloaded or only partially loaded, raising concerns

Global ocean hull premiums rose by 5.7% in 2022 due to increased activity, vessel values, and reduced market capacity, but change is on the horizon