London's marine insurance market has widened the area in the Red Sea it deems as high risk after attacks on ships by Yemen's Houthi movement. The move comes as a result of the ongoing conflict in the region, which has seen a surge in attacks on vessels.
The high-risk zone now includes a larger area of the Red Sea, but Egyptian waters have been excluded from the designation. This decision is likely to impact shipping companies and vessel operators, who may face increased premiums or restrictions on insurance coverage for ships traveling through the region.