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Suez blockage may lead to large reinsurance claims, broker Willis Re says Toggle share menu
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Suez blockage may lead to large reinsurance claims, broker Willis Re says The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.
FILE PHOTO: A view shows Ever Given container ship in Suez Canal in this Maxar Technologies satellite image taken on March 29, 2021. Satellite image ©2021 Maxar Technologies/Handout via REUTERS
01 Apr 2021 04:15PM (Updated:
01 Apr 2021 05:05PM) Share this content
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LONDON: The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.