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Insurers cancel coverage for charterers in the Red Sea

Skuld, among other insurers, now has to cancel all fixed-premium policies where coverage has been extended to include war risks.
Both Skuld and Steamship Mutual announced yesterday that they would be canceling certain insurance policies. | Photo: indiannavy Via X/Reuters/Ritzau Scanpix
Both Skuld and Steamship Mutual announced yesterday that they would be canceling certain insurance policies. | Photo: indiannavy Via X/Reuters/Ritzau Scanpix
by LIV ALMER

Several insurance companies are now canceling their fixed-premium insurance policies, where coverage has been extended to include war risks.

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