War risk rates double after Red Sea Houthis sink two ships: reports

Aon advises buyers to implement proactive risk management and more agile insurance strategies

Ben NorrisJuly 11, 2025
The container ship Cosco Himalayas sails south on Red Sea towards Khalifa Port, Abu Dhabi after leaving Port Said, Egypt. June 2023.
Container ship on Red Sea. Credit: Shutterstock/David G40

Rates for shipments transiting the Red Sea region have more than doubled this week following Houthi attacks on two cargo ships, according to reports. Reuters said war risk premiums have spiked to 0.7% of a ship’s value from 0...

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Ben NorrisJuly 11, 2025
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