War risk premiums for Russian oil shipments on the rise: reportAugust 25 2023 by Mithun Varkey
- February 21
Some of the clubs will have the Red Sea and the Russia, Ukraine, Belarus excluded areas combined under the same structure with the new reinsurance panel.
- February 14
The notice of cancellation will come into force on February 20, following which the war risk cover for assureds will be terminated automatically for trading or being within Gulf of Aden and Southern Red Sea and other specified areas.
- January 22
As the immediate impact of the attacks on insurance becomes clearer, underwriters are turning their attention to broader risks that could emerge should the attacks continue.
- December 5
In its first policy, the state-owned Nippon Export and Investment Insurance will cover a domestic credit facility to secure the country's energy supplies.