Rising geopolitical tensions in Iran and the wider region since late February have had far-reaching consequences, not only for the people directly affected, but also for global trade and supply chains. Disruptions impacting key commodities such as oil, gas, and fertilisers, many of which transit through the Strait of Hormuz, are creating increased uncertainty across international markets.
For marine insurers, these developments raise complex and often unclear questions around hull & machinery and P&I coverage. How do evolving war risks affect policy response? Where are the gaps and what should market participants be watching closely? In this webinar, Ilias Tsakiris, CEO of Hellenic Hull & Chair, IUMI Ocean Hull Committee and Richard Neylon, Partner at HFW, discuss the implications of the current situation for vessel war risk policies. The session provided practical insights into war risk exposure and addresses the key challenges and questions facing the market today.
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