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1 through 20 of 103 matching documents, best matches first.   Sort by date

Saudi Re to Lead Country's Marine War Risk Insurance Pool
Authority to lead the Saudi Marine Insurance Pool. The move follows approval by the Saudi Cabinet to establish a Saudi war-risk insurance pool for cargo and vessels, the reinsurer ...
Source: BestWire   Date: September 10, 2026
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Skuld Cancels Some War Risk Insurance Near Red Sea, Indian Ocean, Gulf of Aden
United States war with Iran. "In light of concerning developments in the Red Sea area, which have materially increased geopolitical and operational uncertainty, the association has ...
Source: BestWire   Date: September 1, 2026
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Thomas Miller Shareholders Agree to Acquisition by Concurrently Merging Mutuals TT Club, UK P&I
Thomas Miller platform, including meaningful cost efficiencies. They are working together to "redefine mutuality for the maritime and transport industries." (By Renée ...
Source: BestWire   Date: July 15, 2026
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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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UK, TT Clubs Discuss Possible Second Merger Among Marine Mutuals
Thomas Miller, they said. "The merged club would have a unique breadth of expertise across the maritime and transport industry and bring together complementary strengths to enable ...
Source: BestWire   Date: December 17, 2025
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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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Marine Mutual Gard Post Lower 2024 Profit on Growth, Claims
Baltimore bridge collapse. Total comprehensive income for the year fell to $144 million from $236 million the previous year. Gross written premiums rose to $1.19 billion from $1.18 ...
Source: BestWire   Date: March 18, 2025
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Marine Mutuals Report Higher Large Losses as Renewals Show Growth
International Group of P&I Clubs system. The UK P&I Club said it attracted new tonnage in 2024, which it anticipates will lead to a small increase in its market share this year. ...
Source: BestWire   Date: February 24, 2025
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Marine Mutual NorthStandard Raises Rates 5% to Counter Large Losses, Inflation
Group of P&I Clubs' general excess of loss reinsurance program. For freight, demurrage and defense mutual and fixed premiums, NorthStandard will declare a 5% increase in premium ...
Source: BestWire   Date: November 20, 2024
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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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P&I Club Gard Acquires Codan's Marine and Energy Portfolio for $163 Million
Gard P&I (Bermuda) Ltd. is acquiring Danish insurer Codan's global marine and energy portfolio for about $163 million. The price represents about 11% of Gard's total equity, the ...
Source: BestWire   Date: July 2, 2024
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