Iran has introduced a Bitcoin-settled insurance service for domestic ships crossing the Strait of Hormuz as Tehran moves to formalize control over vessel traffic and related fees.
Cefor said Nordic marine hull claim costs stayed elevated in 2025 as machinery failures and fires drove more high-value losses, more medium-sized claims and higher repair costs.
Trump ordered U.S. Development Finance Corporation to offer political risk insurance and guarantees for Gulf shipping after war-risk cover was withdrawn, and raised the option of tanker escorts.
The Swedish Club confirmed a 5% General Increase for P&I and FD&D for 2026/2027, highlighting its continued focus on financial resilience and maintaining premium adequacy.
NorthStandard appoints Michael Hustler as Head of Asia-Pacific to strengthen its leadership and growth strategy across the region.
