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Why marine underwriters are demanding greater transparency on Israeli links

Cargo ship

Trade Voice: Simon Jackson, member of London’s Forum of Insurance Lawyers and head of marine, energy and shipping at DAC Beachcroft, looks at what the recent sinking of two cargo ships in the Red Sea means for underwriting war risks cover.

The recent Houthi targeting and sinking of the cargo ships Magic Seas and Eternity C after a period of (relative) calm in the Red Sea has brought the underwriting of war risks in the region back into

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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