London insurers widen Red Sea high-risk zone after Houthi attacks

London’s marine insurance market has widened the area in the Red Sea it deems as ​high risk after attacks on ships by Yemen’s Houthi movement, according to a July 29 advisory.

Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association ​and representatives from the London insurance company market, is ​watched closely and influences underwriters’ considerations over insurance premiums.

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