marine insurance

As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up

The viral social media post claimed Donald Trump had just "killed the British Empire" in a matter of minutes. The truth is simultaneously more complicated,

War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available despite a wave of cancellations tied to the escalating conflict in the

The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the

President Donald Trump said Tuesday he has directed the U.S. government to provide political risk insurance and financial guarantees for maritime trade

London's marine insurance market has expanded the Gulf high-risk zone to include Bahrain, Djibouti, Kuwait, Oman and Qatar as the Middle East conflict

The global marine insurance market is rapidly retrenching from the Persian Gulf as escalating military conflict between the United States, Israel, and Iran

By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) – Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge

New maritime services ban threatens to sever lifeline for Yamal LNG exports By Paul Morgan (gCaptain) – In the frozen waters above the Arctic Circle, a

Global marine insurance premiums reached $39.92 billion in 2024, representing a 1.5% increase over the previous year, according to the International Union of

The International Union of Marine Insurance (IUMI) has called for marine insurers to heighten their awareness of modern slavery and forced labor risks

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

The Chairman of the Association of Average Adjusters, Burkhard Fischer, highlighted the on-going complexities faced by the maritime industry during the

The London P&I Club, a leading provider of marine Protection and Indemnity (P&I), announced today that CEO Ian Gooch will step down from his position

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

The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in

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

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

The International Union of Marine Insurance (IUMI) reports a positive trend in the marine insurance market, with an 8.3% increase in global premium base for

The International Union of Marine Insurance (IUMI) has published new recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns