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November 8, 2025

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Insurance

Houthis claim their first ship sinking as EU launches naval force

Rubymar has gone down at Bab el-Mandeb strait, militants say

February 19, 2024
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Insurance crisis: Gard keeps Red Sea crew cover alive

Crew cover has been impacted by reinsurers’ decision to withdraw support in the troubled region

February 19, 2024
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US military spots underwater Houthi drones for the first time

As it attacks vessels off the Yemeni coast, the rebel group’s sophistication increases

February 19, 2024
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Vessel abandoned at Bab el-Mandeb after Houthi missile attack

UK-registered cargo ship is anchored and crew are said to be safe

February 19, 2024
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Steamship Mutual finds solution to Red Sea insurance crisis

P&I insurer can reinstate charterers’ cover, but it is capped and there are conditions

February 16, 2024
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Unpopular decisions paying off for London Club with stronger performance

Chief executive Ian Gooch and P&I club board have had to take some tough decisions in recent years

February 15, 2024
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‘Unsettling exposure’: Reinsurers face fire after pulling P&I Red Sea cover

Brokers say charterers are left stranded after P&I clubs forced to pull fixed premium cover in the troubled region

February 14, 2024
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Red Sea risks see reinsurers start to pull back key cover

Skuld first to inform fixed premium clients of cancellation of cover in trouble area after reinsurance backers withdraw

February 12, 2024
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Second Star Bulk ship attacked in a week as Houthis resume terror campaign

No injuries or serious damage reported from strikes on Star Iris

February 12, 2024
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Red Sea danger fails to spook MOL amid car-carrier crunch

But the company is prepared to detour if attacks escalate

January 2, 2024
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