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.

Alastair Grant/AP/Ritzau Scanpix
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.

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