Charter flights into the Gulf continue to attract high war risk premiums, some even doubling the total cost, as commercial aviation gradually recovers across the region.
Cheong has been with the company since September 2025 most recently as deputy head of marine, while Lee first joined Berkley in 2016, most recently serving as head of marine.
The ruling sets an important precedent that insureds cannot invoke the presumption of loss by perils of the seas where investigation was possible but not pursued.
4.97bn rupee (approx. US$53.5m) scheme sees India joins a growing list of governments mobilising state-backed insurance support in response to conflict.
