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Ever Given owners appeal arrest as clubs brace for reinsurance hit

Suez Canal Authority’s billion-dollar compensation claim will not bring down the system, but could mean next year’s International Group reinsurance contract will cost up to 20% more, a level that will hit all owners in the pocket

‘It is certainly not our understanding that this is going to be a catastrophe. The P&I elements are substantial but not ridiculous, so from our perspective, it is a manageable pool claim,’ insists International Group chief executive

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