Member Alert

Home News Member Alert

Member Alert

Göteborg: 29 July 2019

Increased tension in the Persian Gulf Area

As a result of the increased tension in the Persian Gulf Area, the War insurance market has reacted with increased rates for War Insurance cover for transits and port calls in the area.

The Association wishes to inform its members currently covered for War insurances that with effect from 29 July 2019, the rate for any call to the Persian Gulf area (Persian or Arabian Gulf and adjacent waters including the Gulf of Oman west of Longitude 58° E) has been increased from 0,25% to 0,5%.

Simultaneously, the Association has tendered Notice of Cancellation in respect of certain terms for War insurance cover together with a Notice of Cancellation in respect of cover for calls to Iran.
In this respect, please refer to Circulars 423/2019 and 424/2019 published on the Association’s website.

For our Member’s interest and in order to illustrate the concern over the security situation in the Persian Gulf region, we herewith attach a newly issued report published by HIS Markit.

IHS Markit Report - 24 July 2019»

For any questions or more information on the above, please contact: 
Tord Nilsson, Director Underwriting Reinsurance and Risk Control

Member Alert is published by The Swedish Club as a service to members. While the information is believed correct, the Club cannot assume responsibility for completeness or accuracy.

Visiting address

The Swedish Club
Gullbergs Strandgata 6
SE-411 04 Gothenburg

Postal address

The Swedish Club
Gullbergs Strandgata 6
P.O Box 171
SE-401 22 Gothenburg


Tel +46 31 638 400
Fax +46 31 156 711


GOTHENBURG: +46 31 151 328
Piraeus: +30 6944 530 856
Hong Kong: +852 2598 6464
Tokyo: +81 44 222 0082
Oslo: +46 31 151 328


Disclaimer and Cookie information

Privacy Policy

The Swedish Club Privacy Policy

Member Complaint

Member Complaint

The Swedish Club is a member of: