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London marine insurers adjust to increased risk in Middle East after drone attacks

Devdiscourse News Desk | Updated: 17-05-2019 20:08 IST | Created: 17-05-2019 19:53 IST
London marine insurers adjust to increased risk in Middle East after drone attacks
Image Credit: ANI

London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday.

The London insurance market's Joint War Committee issued a statement saying that the additions detail areas of perceived enhanced risk for marine insurers and reflect the enhanced regional risk. Its guidance is watched closely and influences underwriters' considerations over insurance premiums.


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