Browsing: marine insurance

Marine insurance costs are surging due to rising tensions in the Strait of Hormuz, a critical oil shipping chokepoint, following Iran’s parliamentary move to approve its closure.

Insurance premiums for vessels navigating the Strait of Hormuz have surged by over 60% due to escalating tensions between Israel and Iran

The London P&I Club has reported a solid financial performance for 2024/25, with an operating surplus of US$21.3 million and free reserves boosted to US$171.2 million.

Insurance premiums for vessels navigating the Strait of Hormuz have surged by over 60% due to escalating tensions between Israel and Iran, increasing the cost of insuring a $100 million ship to $200,000 per passage.

Insurance premiums for vessels navigating the Strait of Hormuz have surged by over 60% due to escalating tensions between Israel and Iran, with insurers factoring in increased risk of various threats.

Allianz Global Corporate & Specialty SE partners with Hydor Pte Ltd to introduce comprehensive marine liability coverage for maritime operators in the region

Ireland’s largest general insurance brokerage Arachas continues its strategic expansion with the acquisition of specialist marine broker Craftinsure Ireland

Marine insurer Skuld confirms new appointments in its Piraeus and Western Europe offices as part of its regional strategy

Marine insurer Skuld’s financial result fell to US$21 million for the year ending February 20, 2025, due to increased claims despite a rise in gross earned premium to US$578 million

Danish Shipping supports new legislative proposal to activate War Insurance Institute, ensuring Danish merchant fleet remains insured during war scenarios