Marine insurance in ship finance transactions is often discussed in broad terms of coverage types, premiums or exposure to geopolitical concerns in high-risk trading regions. While these issues are ...

The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway, underscoring the need to secure an ...

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty ...

SHANGHAI (Reuters) - China's insurance regulator estimates the payout in the fatal Yangtze cruise ship capsizing last week, which killed more than 400 people, at around 92.5 million yuan ($14.91 ...

Iranian forces' threat to ships in the crucial Strait of Hormuz has driven up payments for the insurance that underpins the world freight industry. Here are facts and figures about how maritime ...

Amid escalating clashes in the Middle East following U.S. and Israeli strikes on Iran and Iran's retaliation, insurance premiums for ships transiting the Strait of Hormuz have surged to nearly 12 ...

With the Strait of Hormuz shut for an extended period by the Iran war, domestic ship insurance premiums have jumped by more than 1,000% at the peak. This is feeding into higher freight rates, ...

For large oil tankers valued at $200-300 million, a jump from 0.25 percent to 3 percent implies war risk premiums rising from roughly $600,000 to as much as $7–9 million per voyage, fundamentally ...