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War risk market stable amid Iran tensions

War risk premiums charged by both Lloyd’s underwriters and marine mutual have so far remained broadly unmoved by the turmoil in the Middle East sparked by the US killing of an Iranian general last week

‘That doesn’t mean to say that in the next half an hour or so, somebody isn’t going to come back from the market and say, we’ve just got a war risk trading rate and it’s X, Y or Z and it has gone up 20%,’ says prominent broker

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