HomeInsuranceWar risk insurance rates edge up after surge in Red Sea ship...

War risk insurance rates edge up after surge in Red Sea ship attacks

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By Jonathan Saul

LONDON (Reuters) – War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday.

The incidents are the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian Islamist group Hamas broke out on Oct. 7.

The three commercial vessels came under attack in international waters in the southern Red…

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