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Marine insurers won’t pull cover over Red Sea attacks

Cargo ship

There is “no reason” for insurers to withdraw cover for Red Sea shipping amid ongoing attacks on vessels in the region, the Lloyd’s Market Association’s marine head has said.

Beginning on 19 November last year, commercial shipping vessels have been targeted in the Red Sea by Yemen-based Houthi militants, in retaliation for Israel’s ongoing military operation in Gaza.

Speaki

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