Daily Digest: RSA on project cargo challenges, TMK's general liability ambitions, US M&A deal volumes fall

Catch up on the essential news and analysis from the Insurance Day experts

Cargo underwriters face greater challenge than conflict The marine cargo market is dealing with a perfect storm of falling rates and an unprecedented geopolitical situation. The market is no stranger to rough waters, however, having dealt with the impacts of Russia’s war in Ukraine, Israel’s conflict in Gaza and the subsequent attacks by Houthi rebels on ships in the Red Sea. The recent escalation of violence between Israel and Iran is but another unwelcome addition to an already difficult shipping environment. The real challenge for cargo underwriters, however, is plummeting rates, says Richard Landers, senior cargo underwriter at RSA Insurance and co-lead of RSA and Brit’s project cargo consortium Build.