Suez Canal blockage triggers liability uncertainty, says Moody’s

The containership Ever Given. Credit: Shutterstock/Bjoern Wylezich

The full reopening of the Suez Canal on Monday after the containership Ever Given was dislodged has limited the risk of losses for insurers spreading much further, Moody’s said. Moody’s said the accident, which blocked the canal for almost a week, is credit negative for (re)insurers, with “considerable uncertainty” about loss exposure, particularly for the vessel’s protection and indemnity (P&I)…

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