War risks return to the seas as reinsurance faces a new era of uncertainty: Willis Re

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Reinsurance News - Nov 14, 2025

According to Willis Re, the marine war risks market, once a quiet, predictable corner of global reinsurance, is being reshaped by renewed geopolitical tension and rising aggression at sea. The firm traces this evolution back to the late 19th century, when Lloyd’s underwriters formally separated “ris...

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