Marine insurers are increasingly dealing with billion-dollar losses as vessel sizes grow and geopolitical risks add to the complexity and cost of shipping casualties

Cape Town High Court has clarified the operation of claims-made policies and underscored the critical importance of timely notification

Meetings earlier this year proved inconclusive, say market sources

EIB Global and World Food Programme expand climate-risk insurance for Ethiopian smallholder farmers

Iran and Oman have agreed on a temporary Hormuz shipping framework, but Tehran says the strait will remain effectively closed pending wider US-Iran diplomatic progress

Market response highlights growing reliance on buybacks and government-backed schemes as geopolitical conflicts reshape marine insurance

International Group P&I clubs buyback cover for Red Sea voyages after reinsurers withdrew support for ancillary war risk products

Marine mutuals set to put buybacks in place by Sunday

Yes, you can still buy the policies, provided you’re willing to pay the asking price

Joint War Committee decision will see more owners subject to additional premiums

Net income increased 16% and gross written premium rose 6%, although the combined ratio deteriorated amid higher acquisition costs, property market softening and greater competition in casualty lines

Underwriters remember Galaxy Leader, Sounion, Magic Seas and Eternity C casualties between 2023 and 2025

Ubuntu is not merely a philosophical ideal – it is an increasingly practical tool for ethical, sustainable, and customer-aligned insurance practice in South Africa

Under the model wording, insurers will not cover fees, tolls or other payments made to facilitate passage through Iranian waters

Specialty intermediary partners with South African broker GIB on suite of coverage for developers, lenders and owners involved in South Africa’s energy transition

Insurers should look at ways to ringfence or apply limits to volatile cost categories