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Fitch: Suez blockade threatens reinsurers with large costs

Fitch: Suez blockade threatens reinsurers with large costs

by Mariska Buitendijk | Mar 29, 2021 | Grounding, News, Shipping

The blockade of the Suez Canal by the ship Ever Given will result in a large bill for reinsurers worldwide. Credit rating agency Fitch thinks the industry will have to pay out hundreds of millions of euros because of the issue, even as rescuers gradually refloat the...

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