NSI Insurance Group CEO, Oscar Seikaly was featured in a Reuters article discussing the insurance aftermath of the tragic sinking of the Bayesian superyacht.
With increasing storm frequency and severity, insurers are reevaluating their guidelines and risk appetite, resulting in higher rates and a shift in coverage strategies. In the article, Oscar highlights the growing impact of climate change on the marine insurance industry. As he aptly stated, “Whoever thought a storm in the Mediterranean in the month of August is going to sink a ship?”
Read the full article here.
