Cargo war risk buyers ‘receiving raw deal’

Marine underwriters are warning that Red Sea turmoil is exposing significant gaps in cargo war cover, prompting calls to modernise decades‑old policy wordings before they end up tested in court

PROLONGED disruption across the Red Sea, the Gulf of Aden and the Middle East Gulf is exposing gaps in the coverage available under marine cargo war insurance, according to a high-profile underwriter in the class.