AXIS CEO Vince Tizzio — marine cover around Hormuz is up 30-40% on a year ago

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AXIS CEO Vince Tizzio — marine cover around Hormuz is up 30-40% on a year ago

· Bloomberg

Source: View source · Bloomberg · web

Why it's worth your time

The same day tankers sold off on a Hormuz reopening report, the chief executive of a top specialty insurer said marine policy pricing is still 30-40% above year-ago rates with demand high — the contract market has not withdrawn the war premium the equity market just marked down.

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