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Stock impact report

Marine insurers cancel war risk cover for ships due to conflict in Iran, Gulf [Yahoo! Finance]

MS&AD INS GRP HL UNSP/ADR (MSADY) 
NASDAQ:AMEX Investor Relations: nationalmssociety.org/what-is-ms
Company Research Source: Yahoo! Finance
War risk cover will be excluded in Iranian waters, as well as the Gulf and adjacent waters, according to the notices. Several marine insurers said they are cancelling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers, including Gard, Skuld, NorthStandard, the London P&I Club and the American Club, said their cancellations will take effect from March 5, according to notices dated March 1 on their websites. War risk cover will be excluded in Iranian waters, as well as the Gulf and adjacent waters, according to the notices. Skuld added in its notice that it was working on a buy-back option to reinstate cover. Japan's MS&AD Insurance Group told Reuters it had suspended underwriting of a range of insurance policies covering war risks in the waters around Iran and Israel and neighbouring countries. A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025. (credit: REUTERS/DADO RUVIC/ILLUSTRATION) Tension rises in M Show less Read more
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