London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates
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Published on March 3, 2026.
London's marine insurance market has widened the area deemed high risk by the Joint War Committee (JWC), which includes syndicate members from the Lloyd's Market Association and representatives from the London insurance company market. The JWC added waters around Bahrain, Djibouti, Kuwait, Oman and Qatar to high-risk areas. This move is seen as a way to close gaps where war‑risk insurance was not applied, leaving ships exposed without adequate cover.
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