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

BY CHRISTIAN CARLSEN

Published: 07.01.20 at 13:56

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.