Black Sea war pricing has yet to find its level

The rise in attritional attacks across the Black Sea, Red Sea and Middle East are forcing underwriters to look beyond listed areas when assessing marine war exposure, according to Clearwater Underwriting CUO Richard Young

CLEARWATER Underwriting is writing almost no Black Sea voyages as it believes the rest of the market is pricing them too cheaply, according to the managing general agent’s chief underwriting officer, Richard Young.