In recent years, the world has witnessed a surge in extreme weather events, reshaping the global supply chain landscape. Hurricanes, typhoons, floods, wildfires, and polar vortexes not only disrupt logistics but also pose substantial threats to vessel safety and cargo integrity. However, it’s not just maritime routes that are at risk. Warehouses housing crucial…
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Executive Brief: Current State of the Marine Insurance Industry
Introduction
In the dynamic landscape of marine insurance, 2024 is marked by a confluence of challenges and opportunities. Here we are amid an unprecedented situation that could well evolve into the largest loss the marine insurance market has ever seen. As trusted consultants in the industry, we are at the forefront of navigating these shifts, offering risk mitigation ins…