Insurers assess shipping risks amid uncertainty in Iran war

Insurers assess shipping risks amid uncertainty in Iran war Marcus Baker, global head of marine, cargo and logistics for insurance broker and risk adviser Marsh Risk, said it would take a few days to see how the insurance market reacts. “We just have to see what happens, whether the Iranians keep the peace, whether the Americans keep the peace, and exactly what that’s going mean for shipping,” he said. Broker added: “There’s rhetoric from both sides on this, and we’ve just got to be mindful of that.” “Anything that starts to increase certainty around safety has got to be a good thing.”

Marcus Baker, global head of marine, cargo and logistics for insurance broker and risk adviser Marsh Risk, said it would take a few days to see how the insurance market reacts.

“We just have to see what happens, whether the Iranians keep the peace, whether the Americans keep the peace, and exactly what that’s going mean for shipping,” he said.

Broker added: “There’s rhetoric from both sides on this, and we’ve just got to be mindful of that.”

“Anything that starts to increase certainty around safety has got to be a good thing.”