Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.
GIC Re and New India Assurance are said to be leading the formation of a US$100m marine war-risk pool to cover vessels on high-risk routes in and around the Persian Gulf.
APAC insurers are well positioned to absorb Middle East-related stresses, but insurers in Singapore stand out owing to their position as a major shipping and insurance hub.
Iran's offer of conditional passage may ease the bottleneck in a limited sense for the 3,200 stranded vessels, but ships linked to the US, Israel, and countries deemed hostile to Tehran will remain bl...
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.
