Marine insurers on risk level in Arabian Gulf

Posted On: May. 17, 2019 5:16 AM CST

London's marine insurance market failed to reach a decision on whether it needs to change the risk level for vessels in the Arabian Gulf following attacks on ships off Fujairah coast, Neil Roberts, head of Marine Underwriting at Lloyd's Market Association, said that the committee did not have enough information to make a decision. If the committee decides to increase the risk level, insurance premiums could rise.