Charterers' liability war risk cancellation Red Sea/Indian Ocean
Orbis Risk Partners
We are marine and specialty risk and insurance advisors bringing a fresh view on how risks can be managed effectively.
We have just been informed that Skuld's reinsurers will issue a Notice of Cancellation (NoC) for part of the Red Sea/Indian Ocean with effect from noon GMT on the 20th?February 2024.
After cancelling the same cover earlier for the Russia-Ukraine conflict we were expecting the current cancellation to come.
Other charterers' liability insurers will likely follow suit in the next days.
Together with our insurance partners, we developed a solution to buy this cover back.
Please reach out to us for any support on above buy back or any of your marine and cargo insurance needs.
You are always on our radar.
Huisarts
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