Ship insurers Skuld, Gard cancel war risk covers due to Iran conflict

Skuld and Gard have decided to cancel war risk insurance for ships amid the Iran and Middle East Gulf conflict.

Marine insurers Skuld and Gard said on Monday they are cancelling war risk covers for ships due to the conflict in Iran and the Middle East Gulf.

The cancellations will take effect from March 5. (GreenOak's-Images / CanvaPro via Skuld/ Representational )

The cancellations will take effect from March 5, they said in statements on their websites.