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1 through 20 of 33 matching documents, best matches first.   Sort by date

US $20 Billion Reinsurance Plan Initially Targets Gulf Hull, Cargo Risks
International Development Finance Corp. agreed on a plan approved by President Trump to deploy up to $20 billion for maritime reinsurance, including war risk, in the Persian Gulf ...
Source: BestWire   Date: March 10, 2026
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LMA: Vessels Worth $25 Billion Remain in Persian Gulf Area
Market Association said. About 1,000 vessels with an aggregate hull value exceeding $25 billion are in the Persian/Arabian Gulf and surrounding waters, about half of them oil and ...
Source: BestWire   Date: March 6, 2026
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IUMI: War Risk Cover Still Available for Middle East Shipping
International Union of Marine Insurance. "In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to that provide cover, the IUMI said ...
Source: BestWire   Date: March 5, 2026
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US Development Finance Corp: Political Risk Insurance, Guaranty Products Ready for Gulf
The United States International Development Finance Corp. said it is ready to mobilize its political risk insurance and guaranty products in response to the war in Iran and any ...
Source: BestWire   Date: March 4, 2026
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Lloyd's Activates Event Response Team as Brokers Track Unfolding Iran Events
Great Britain, Willis, in an email to BestWire. "A particular challenge in the Persian Gulf is the lack of any viable alternative route other than the Strait of Hormuz, a narrow ...
Source: BestWire   Date: March 3, 2026
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Marine War Risk Coverage at Risk as Middle East Conflict Escalates
Mahesh Mistry, senior director, head of analytics, AM Best. "While much coverage has been given to oil price increases due to tankers being unable to proceed through the Strait of ...
Source: BestWire   Date: March 2, 2026
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Skuld Appoints SVP and Head of Skuld Piraeus
Marine mutual Skuld appointed Charlotte Valentin to succeed Kjell-Åke Augustsson as senior vice president and head of Skuld Piraeus, effective March 1. Valentin was appointed ...
Source: BestWire   Date: February 2, 2026
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Skuld Posts Nine-Month Loss, Warns on Rates
Marine mutual Skuld increased its result for the fiscal third quarter, but saw a nine-month loss in a difficult claims environment as it warned about rate challenges heading into ...
Source: BestWire   Date: December 9, 2025
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Marine Market Facing Challenges Amid War, Political Tensions, Industry Watchers Say
Mike Ingham, executive director, marine hull, Gallagher Specialty. The market has also seen several high-profile losses related to fires. These involve both standard marine and war ...
Source: BestWire   Date: September 17, 2025
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Marine Mutual Skuld Boosts Six-Month Result on Underwriting, Investment Gains
Marine mutual insurer Skuld posted a higher fiscal first-half member balance on improved underwriting and investment results despite ongoing geopolitical and economic ...
Source: BestWire   Date: September 8, 2025
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Marine Mutual Skuld Posts Lower Fiscal 2024 Profit on Rising Claims Frequency
Group of P&I Clubs had "a significant impact," the insurer said. Skuld said its financial and solvency position is strong, and it has contingency reserves or $562 million, making ...
Source: BestWire   Date: May 12, 2025
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Skuld Posts First-Half Technical Loss on Higher Claims, Offset by Investment Gains
Skuld reported one new pool claim. Skuld reported a positive half-year overall result of $25 million on strong investment results across all asset classes. The first-half ...
Source: BestWire   Date: September 13, 2024
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Marine Mutual Skuld Looks to Growth as Fiscal Year Underwriting Improves
The net combined ratio was 86. The result was aided by a strong renewal with increased rates and new vessels entering Skuld during the year, the company said in a statement. It ...
Source: BestWire   Date: May 17, 2024
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Howden Launches Red Sea Marine War Risk Facility Backed by Markel, Navium
Howden said in an email to BestWire. Navium Marine is a specialist managing general agent and affiliate of Fidelis. Howden has an agreed $50 million per vessel value it can cover, ...
Source: BestWire   Date: April 17, 2024
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Marine Mutuals Report Premium Growth at Annual Renewals
Chief Executive Officer Rolf Thore Roppestad said in a statement. For Skuld, P&I gross tonnage rose 11% to a record 116 million gross tonnes. Growth was seen in other lines, hull ...
Source: BestWire   Date: February 21, 2024
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Reinsurers Cancel Red Sea War Risk Coverage for Marine Mutuals
The cancellation notice comes into force Feb. 20, when the P&I clubs renew their annual programs. Swedish P&I Club, Steamship Mutual and Shipowners Mutual issued similar notices. ...
Source: BestWire   Date: February 13, 2024
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Skuld: Excess War Risk Coverage Renewed for Marine Clubs
Excess war protection and indemnity coverage has been renewed from Feb. 20, 2024, for clubs with a separate cover limit available for vessels operating in Russian and certain ...
Source: BestWire   Date: January 18, 2024
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Skuld CEO: First-Half Net Result Rises to $40.1 Million Despite Inflation, Energy Costs, Geopolitical Tension
The first half ended on Aug. 20. The combined ratio improved five points to 90. Hansen said the large claim environment was generally benign within protection and indemnity, in ...
Source: BestWire   Date: September 15, 2023
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Marine Insurer Skuld Appoints Chief Strategy and Sustainability Officer
Erik Myrind as chief people officer. In her new role, Erlandsen will ensure continuous integration of Skuld's protection and indemnity and hull business. Skuld's marketing and ...
Source: BestWire   Date: August 23, 2023
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Marine Mutual Clubs See Improved Rates and Volume in Annual Renewals
American Club, said in a statement. "Year-on-year tonnage entered for mutual P&I risks grew by 25% to just over 25 million gross tons with an increase in annualized premium to ...
Source: BestWire   Date: February 27, 2023
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