P&I insurers to quit war risk cover for Russia and Ukraine from January 1
December 29 2022 by Kristina Shperlik
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Scope of war risk cover must be considered as claims expand beyond high-risk zones: London P&I Club
- April 17
Senior underwriter Ben McKeith says not enough owners are considering long-term war risk cover plans as part of their management strategy, as claims have increased in non-high risk zones, such as the Mediterranean and Black Sea.
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Korean Re weighs coverage for shippers rerouting around war-hit Strait of Hormuz
- April 14
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
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Australia’s insurers face claims cost inflation from Iran conflict: ICA
- April 1
Initial industry data suggests that the war in the Middle East is causing a surge in repair and part replacement costs.
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Chubb reveals plans for US$20bn Strait of Hormuz reinsurance coverage
- March 22
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
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BHSI | D&O in Asia in 2026: navigating geopolitics, insolvencies, and digital crackdowns without breaking the bank
A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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QBE | Elevating customer experience, humanising claims: QBE Asia’s ‘Solutions in a Box’
Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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Beazley | What does cyber protection look like from day 1 to day 600 and beyond?
Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
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Sedgwick | Preparing for the next storm
Insurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices.
