Shipowner members mandate club managers to reach break-even on three-year rolling average

Counterparties may need time to accept the new pool launched by New Delhi. Reliance on traditional P&I clubs will remain, with the pool seen by industry experts as complementary

The war in Iran has significantly driven up maritime war risk insurance, setting the stage for discussions over how to allocate the rising costs either contractually or effectively

Subjective opinion of US Coast Guard officer not enough to meet legal threshold for ‘serious threat’ of oil spill

The insurance offered by Tehran would cover detention, inspection and cargo confiscation, but not damage from weapons, state media said

Dali tops Costa Concordia and Prestige in league table of 10-digit payouts

Marine insurers are warning that Red Sea turmoil is exposing significant gaps in cargo war cover, prompting calls to modernise decades‑old policy wordings before they end up tested in court

Independent panel could rule on whether military clashes constitute war for insurance payout purposes

LMAA award has implications for Hormuz crisis, NorthStandard warns

Incidents no longer rising but still number 30 or more each year

Claims development back at ‘more normalised level’

‘A year to be proud of,’ proclaims chief executive Nordberg