JOINT WAR COMMITTEE STATEMENT
07 January 2020
Gulf region update
Following on from their meeting this morning, the Joint War Committee (JWC) has commented that, based on current information, JWC considers that there is no dramatic change to the strategic maritime picture. There are clearly increased tensions in the Gulf region, with American assets now referenced, but the underlying maritime threat remains heightened with an ongoing possibility of escalation.
The London insurance market has been operating with these strategic factors in mind since last May and underwriters will continue to ask appropriate questions of assureds in order to ascertain the risk dynamics of individual sailings seeking war-risk cover.
Notes to Editors
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About the Joint War Committee (JWC)
The Joint War Committee comprises underwriting representatives from both the Lloyd’s and IUA company markets, representing the interests of those who write marine hull war business in the London market.
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