Norway-based marine insurer Skuld said it will seek a 7.5% increase in rates at upcoming mutual portfolio renewals to maintain financial stability amid rising claims, The Royal Gazette reported. The marine insurer warned that Somali piracy has resurfaced and signaled a new era of risk in the Indian Ocean, highlighted by the recent hijacking of the Malta-flagged Hellas Aphrodite.
Head of PICC reported missing
December 5, 2025