P&I insurers to quit war risk cover for Russia and Ukraine from January 1
December 29 2022 by Kristina Shperlik
-
Skuld, Steamship and West P&I offer reinstatements as all clubs cancel Red Sea war cover
- February 19
Some of the other clubs are still exploring solutions to offer buy-back cover from the reinsurance markets; Gard has announced an extension of cover for crew liabilities.
-
Alternative shipping routes create new risks for (re)insurers
- January 26
As vessels look for solutions to escalating Red Sea crisis, increasing costs, delays, piracy risks and dangers of regulatory action because of increased carbon emissions present challenges to carriers.
-
Asia SRCC and terrorism market seeks further protection as unrest looms
- January 12
Underwriters unsettled by rising losses are looking to limit exposures with political and civil unrest risks going up in more than 50% of countries over the last 12 months.
-
January 1 renewals seeing ‘flattish pricing’, better terms
- December 21
Political risk and war will see the most challenging conversations with capacity available for other classes as reinsurance or retro markets have not been too affected by 2023 catastrophes.
-
FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
