Powerful insurance committee gathers to assess Iran threat

A war committee consisting of representatives from marine insurance companies will meet today to assess the threat level facing merchant vessels following Iran's announcement of revenge against the US.

Lloyds in London | Photo: Alastair Grant/AP/Ritzau Scanpix

A powerful committee in London's marine insurance market will meet today, Tuesday, to assess the threat to shipping in the wake of the highly tense US-Iran dispute, which escalated further following the US' attack on Friday, writes media Law365.

It is the so-called Joint War Committee, consisting of marine insurance companies at Lloyd's of London, which will meet to assess the threat to, in particular, UK and US vessels.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs