Suez Canal blockage leaves ‘(re)insurers significantly exposed to business interruption risks’
As the Suez Canal reopens, the insurance industry is bracing itself for huge losses ‘made up of compensation for delays’ and covering ‘potential damage to cargo’
Brokers and underwriters in the UK are scrambling to understand the full impact of the blocking of Egypt’s Suez Canal, which resulted in disruption to global shipping as companies awaited vital goods and parts.
Read more…
(If you’re already a subscriber, please sign in here.)
Get access with a 14-day free trial
This article is usually available exclusively to subscribers.
For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.
Also, as a registered user, you will be able to -
- Access unlimited breaking industry news as it happens
- Sign up to a choice of daily and weekly newsletters