On 9 February 2024 the reinsurance market gave general notice of cancellation in respect of war risks that impacts the Northern Indian Ocean, Gulf of Aden and Southern Red Sea. The notice becomes active at midday GMT on 20 February 2024 and impacts the following area.
Indian Ocean, Gulf of Aden and Southern Red Sea.
The waters enclosed by the following boundaries:
- on the northwest, by the Red Sea, south of Latitude 18°N
- on the northeast, from the Yemen border at 16°38.5’N, 53°6.5’E to high seas point 14°55’N, 53°50’E
- on the east, by a line from high seas point 14°55’N, 53°50’E to high seas point 10°48’N, 60°15’E, thence to high seas point 6°45’S, 48°45’E
- and on the southwest, by the Somalia border at 1°40’S, 41°34’E, to high seas point 6°45’S, 48°45’E
excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.
A more detailed explanation of the position is available in these documetns:
