London’s marine insurance market has expanded the section of the Red Sea it classifies as high risk following renewed Houthi attacks on commercial vessels.

London’s marine insurance market has expanded the section of the Red Sea it classifies as high risk following renewed Houthi attacks on commercial vessels.

Houthis' attacks lead London insurers to widen high-risk zone in the Red Sea. Bab el-Mandeb Strait effectively closed by September 30 at 19.5% YES.