Marine

A sanctioned Russian insurer has quietly emerged behind the salvage of the tanker rotting off Oman

A sanctioned Russian insurer has quietly emerged behind the salvage of the tanker rotting off Oman

AlfaStrakhovanie's involvement in the Caroline Bezengi response reportedly required a sanctions waiver before salvors could even start work

Matthew Sellers Aug 14, 2026
A sanctioned tanker is rotting off Oman's coast, and no insurer has stepped up to pay for it

A sanctioned tanker is rotting off Oman's coast, and no insurer has stepped up to pay for it

The vessel's owners have gone quiet, no insurer has funded a cleanup, and Oman is largely covering the cost itself

Third Hormuz incident in 48 hours puts underwriters back on alert

Third Hormuz incident in 48 hours puts underwriters back on alert

News comes as claims threat to crude flows now at the worst point of the entire crisis so far

Marsh's Baker warns of "broken feedback loop" in Red Sea and Gulf shipping cover

Marsh's Baker warns of "broken feedback loop" in Red Sea and Gulf shipping cover

Gallagher link to attacked Saudi tanker underscores the caution

The maritime cover gap brokers can't ignore

The maritime cover gap brokers can't ignore

A record officer shortage is forcing insurers to cover seafarers long after they step off the gangway

Markel adds local marine claims expertise in India

Markel adds local marine claims expertise in India

New Mumbai role brings claims decisions closer to market

Shipping tensions leap as Trump says Hormuz ceasefire is “over”

Shipping tensions leap as Trump says Hormuz ceasefire is “over”

“They’re liars, they’re cheats, they’re sick people” says President

India lengthens export insurance window for West Asia

India lengthens export insurance window for West Asia

Born from the Iran conflict, the scheme keeps growing

Report: War-risk insurance braces for prolonged elevated premiums as Hormuz ceasefire buckles

Report: War-risk insurance braces for prolonged elevated premiums as Hormuz ceasefire buckles

Chubb, AIG and Berkshire Hathaway back $40bn US reinsurance facility as Hormuz premiums hold near highs

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