Notices to Members

No.1 2026/27 - Notice of Cancellation in respect of non-mutual War Risk Business

Bart Mertens

Chief Underwriting Officer

March 2026 - Following the recent developments, the Association has received notice of cancellation from its reinsurers in respect of war risks liabilities arising in Iran and the Persian/Arabian Gulf. This new exclusion does not apply to Mutual P&I and FD&D cover. 

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Notice of Cancellation is hereby given that, with effect from 72 hours after 00:00 hrs (GMT) on the 1st March 2026, the following exclusion will apply in respect of War Risks coverage as set out in the Rules of the Association and/or terms of entry on all non-mutual business including but not limited to;

Charterers' Liability Cover
Fixed Premium owners cover
Non-Poolable extended covers to Mutual entries and Fixed Premium P&I Cover.

The excluded areas have been determined as follows:

Iran and Iranian waters including coastal waters up to 12 nautical miles offshore
Persian/Arabian Gulf and adjacent waters as defined

Definition:

Persian/Arabian Gulf and adjacent waters including the Gulf of Oman and waters west of the line from Oman’s territorial limit off Cape al-Ḥadd at 22°42.5'N, 59°54.5'E northeast to the Iran-Pakistan border at 25°10.5'N, 61°37.5'E

Further information shall be released shortly regarding necessary buy-back provisions.

If you have any questions about this Notice please reach out to your usual point of contact or undersigned.

Yours faithfully,

For: West of England Insurance Services (Luxembourg) S.A.
(As Managers)

B Mertens
Chief Underwriting Officer