Latest news from the marine insurance sector
The latest news from the global marine insurance industry. Updated each working day and without any access restrictions.
- Insurance Marine News – Thursday July 23rd 2026 July 23, 2026Insurance Marine News – Thursday July 23rd 2026
- Is the much-feared uninsured environmental catastrophe coming to pass? July 23, 2026Ever since the shadow fleet of crude oil tankers began to emerge from late 2022 onwards, the result of western sanctions against Russia, there has been a fear, much voiced by the International Group..
- Houthi Red Sea threat would challenge a US military which already has its hands full July 23, 2026The announcement by the Houthis of a naval blockade against Saudi Arabia in the Red Sea is one more ingredient in a complex cocktail of shipping difficulties in both the Middle East and the Black...
- West gains upgrade from S&P July 23, 2026Group Club and marine insurer West P&I has achieved what for some time it has stated to be its target, a ratings upgrade from S&P. A combined ratio of 98.0% for 2025-26, when several of its peers...
- Oil tankers heading for Asia from Saudi Arabia make U-turns, one then turns again? July 23, 2026Two oil tankers loaded with Saudi crude heading for China and India made U-turns in the Red Sea on Tuesday July 21st, heading towards the Suez Canal rather than the Bab Al-Mandab Strait. On Wed...
- Hormuz vessel transits decline further July 23, 2026Vessel crossings through the Strait of Hormuz fell even further on Tuesday July 21st. According to Kpler data on Tuesday only three cargo vessels crossed the Strait, down from four on Monday.... ..
- Round Up July 23, 2026French container shipping giant CMA CGM is to impose emergency surcharge due to renewed tensions in and around the Strait of Hormuz. The Marseille-based company said that, following the renewed...
- EU approves new permanent storage option for onboard carbon capture July 23, 2026The Singapore-based Global Centre for Maritime Decarbonisation (GCMD) has secured a regulatory step-forward for the deployment of onboard carbon capture systems (CCS) Drawing on data from a test it...
- Underwriters succeed on fair presentation defence July 23, 2026HFW partner Matthew Wilmshurst, senior associate Jack Metherell, associate Bea Bray, assisted by trainee solicitor Cassandra Stead, have reported on the case of Cometsambre SA v Lloyd’s Insurance ...
- UK Club books $60m surplus for 2025 / 26, CR of 105% (# July 23, 2026The UK Club recorded a surplus of $60m for the year to February 20th 2026, increasing Club reserves to $586m. KPIs $000s 2026 2025 Gross earned premium 450,467 531,739 Net earned premium 339,938 ...