Mysterious limpet mine attacks latest headache for marine war underwriters

The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.

By Samuel Casey

October 21, 2025

Piraeus, Greece, 17 March 2025. The Greek tanker "Sounio" is seen towed by two tugs in order to keep position in Piraeus anchorage. The tanker Sounion which drew worldwide attention in August 2024 after it was damaged by the Houthis in multiple attacks of

The marine war market, though highly volatile, has traditionally proved extremely lucrative for specialist marine insurers in the London market.

The

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Topics

News Marine London market Claims and losses Markel Insurers Lloyd's