Marine insurers stay busy year in, year out, providing the 118,000 vessels in the world fleet with all classes of cover, principally P&I and H&M. However, the Russian invasion of Ukraine in 2022 and the fighting between Hamas and Israel is providing ample work for war risk insurers too

Some markets looking for war coverage as result of fighting in Gaza

Gard issues loss prevention advice for vessels transiting region

War risk premiums for Red Sea transits are only moderately higher since the start of Gaza fighting, but could rise sharply for everybody if Iranian proxies continue to target vessels

Premiums already up 200% after Galaxy Leader hijack and likely to get firmer this week

Red Sea transits unavoidable for Suez Canal users and even a rise of a fraction of a percentage point could add hundreds of thousands of dollars to cost of a trip

Renewal round will see lowest percentage price increases in four years

Nine International Group affiliates now declared, with a further three set to declare in the next few weeks

The EU and US governments are reportedly in talks with Denmark to inspect and possibly block tankers without known insurance. Whether that would include those that dropped anchor at the Skagen anchorage was not spelled out

Three of the five International Group affiliates that have announced strategies for the 2024 renewal have included sweeteners totalling more than $80m. But are the payouts as generous as they look? This week’s edition of the podcast offers a deep dive into the P&I landscape at the halfway point in renewal season

The insurance price rise comes in at upper end of going rate. At the same time, the Thomas Miller-managed marine mutual announces it has elected a new chair

With the rise of EVs, the car carrying sector is now prepared to change its firefighting approaches after decades of status quo. But knowledge about how EVs behave in a fire on board remains insufficient