War and terrorism cover is rocketing for ships calling to Iraqi ports following Saturday's suicide boat attack on Basra oil terminal.
Atrium active underwriter Christine Dandridge said: "We are looking at the situation day-by-day as it develops. We want to know where the attacks are coming from."
Dandridge said that Atrium rates in the North of the Persian Gulf had increased by 50%. "Other underwriters have doubled theirs," she added.
Another senior underwriter said that the market was starting to see "knee-jerk reactions" to the situation, probably under pressure from corporate capital.
"In the past the market has been less quick to move."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
