Insurers do not take responsibility for Saudi Arabia

Insurers do not take responsibility for Saudi Arabia 🔹As tensions escalate in the Red Sea, major marine insurance companies based in the London Lloyd's market have refused to accept requests for war risk insurance for vessels related to Saudi Arabia. 🔹According to a report by the Financial Times, this decision includes ships of any flag that have previously docked at Saudi ports. 🔹According to insurers' assessments, Saudi vessels, alongside the fleets of the United States, the United Kingdom, and the Israeli regime, have been categorized as high-risk, and some insurance companies are in the process of canceling existing insurance contracts.