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See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Strait of Hormuz Vessel Insurance Rates Jump 60% over Rising Geopolitical Risks
Taarek Refaat Insurance premiums for vessels transiting the Strait of Hormuz have surged more than 60% in recent days, as rising geopolitical tensions between Iran and Israel cast a shadow over one of the world's most vital oil shipping lanes. According to a report by the Financial Times, hull and machinery insurance—which covers physical damage to ships—has jumped from 0.125% to around 0.2% of a vessel's value since the start of the conflict. For a ship valued at $100 million, this equates to a rise from $125,000 to $200,000 in insurance costs per passage, based on data from Marsh McLennan, the world's largest insurance brokerage. The Strait of Hormuz, a narrow maritime corridor between Iran and Oman, is a strategic chokepoint through which about a fifth of global oil supply flows. The increase in insurance premiums underscores mounting fears of disruption, despite no direct attacks on commercial vessels being reported so far in the Gulf. 'We haven't seen a missile fired at a ship in the Arabian Gulf yet, so this is a signal from the market of growing concern,' said Marcus Baker, global head of marine and cargo insurance at Marsh McLennan. 'Prices could rise further.' Concerns are being driven not only by the threat of missile strikes but also by electronic interference, Houthi rebel activity, and the potential for direct U.S. or Israeli military involvement in the region. On Monday, two oil tankers collided near the Strait, and one was found to be transmitting unusual location signals, fueling suspicions of GPS spoofing or jamming. Insurers are increasingly wary of the Houthis, a Yemeni militant group backed by Iran, possibly expanding their attacks to target U.S., U.K., and Israeli-flagged vessels more aggressively. While some insurance providers may consider withdrawing coverage, others are prepared to assume the risk, Baker noted. 'War itself, as an insurance product, tends to be… lose everything or make a fortune. Many insurers have made significant fortunes willing to take the risk.' Although cargo insurance—which covers goods like crude oil—has yet to rise as sharply, brokers expect those rates to climb soon as well, especially if shipping disruptions continue or the conflict escalates. In parallel, analysts at Nomura are warning that ongoing trade tensions, especially between the U.S. and Asian economies, will keep tariffs elevated, particularly in the context of U.S.-China rivalry, further complicating the global trade landscape. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Yahoo
2 days ago
- Business
- Yahoo
War Premiums Explode: Oil Tankers Face 60% Surge to Cross World's Most Dangerous Waterway
Insurance costs are rising fast for oil tankers passing through the Strait of Hormuzone of the world's most critical energy chokepoints. According to Marsh McLennan, war risk premiums for hull and machinery insurance have jumped from 0.125% to roughly 0.2% of ship value since the Israel-Iran conflict escalated. For a $100 million vessel, that's a jump from $125,000 to $200,000. The higher price reflects rising concern among underwriters that a broader regional escalationor even a single high-profile incidentcould disrupt the already fragile Gulf shipping lanes. Shipowners aren't just facing abstract risks. This week, two tankers collided near the Strait, with at least one vessel reportedly transmitting erratic signals, fueling speculation about potential electronic interference. Meanwhile, insurers are increasingly uneasy that Houthi forces may expand their attack scope beyond just U.S., U.K., or Israeli-affiliated vessels. Marcus Baker, global head of marine and cargo at Marsh, said that while no missiles have hit ships in the Gulf so far, the industry is pricing in a far more volatile backdrop. With the war insurance market on edge, rates could rise further in the weeks ahead. Some insurers may pull back entirely. Others might lean in, betting on outsized gains in a high-risk, high-reward environment. War itself, as an insurance product, tends to be either you lose everything or make a fortune, Baker noted. That dynamicuncertainty mixed with profit potentialis exactly what keeps investors alert. For companies exposed to shipping or energy, including Tesla (NASDAQ:TSLA), which relies on stable supply chains, risks in the Strait could become a meaningful cost variable. As the conflict simmers, the market is recalibrating what it costs to move oil through one of the most strategically sensitive stretches of water on the planet. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
War Premiums Explode: Oil Tankers Face 60% Surge to Cross World's Most Dangerous Waterway
Insurance costs are rising fast for oil tankers passing through the Strait of Hormuzone of the world's most critical energy chokepoints. According to Marsh McLennan, war risk premiums for hull and machinery insurance have jumped from 0.125% to roughly 0.2% of ship value since the Israel-Iran conflict escalated. For a $100 million vessel, that's a jump from $125,000 to $200,000. The higher price reflects rising concern among underwriters that a broader regional escalationor even a single high-profile incidentcould disrupt the already fragile Gulf shipping lanes. Shipowners aren't just facing abstract risks. This week, two tankers collided near the Strait, with at least one vessel reportedly transmitting erratic signals, fueling speculation about potential electronic interference. Meanwhile, insurers are increasingly uneasy that Houthi forces may expand their attack scope beyond just U.S., U.K., or Israeli-affiliated vessels. Marcus Baker, global head of marine and cargo at Marsh, said that while no missiles have hit ships in the Gulf so far, the industry is pricing in a far more volatile backdrop. With the war insurance market on edge, rates could rise further in the weeks ahead. Some insurers may pull back entirely. Others might lean in, betting on outsized gains in a high-risk, high-reward environment. War itself, as an insurance product, tends to be either you lose everything or make a fortune, Baker noted. That dynamicuncertainty mixed with profit potentialis exactly what keeps investors alert. For companies exposed to shipping or energy, including Tesla (NASDAQ:TSLA), which relies on stable supply chains, risks in the Strait could become a meaningful cost variable. As the conflict simmers, the market is recalibrating what it costs to move oil through one of the most strategically sensitive stretches of water on the planet. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Marsh McLennan to Host Second Quarter Earnings Investor Call on July 17
NEW YORK, June 18, 2025--(BUSINESS WIRE)--Marsh McLennan (NYSE: MMC), a global leader in risk, strategy and people, will announce second quarter financial results via news release on Thursday, July 17, 2025, before the market opens. The news release will be available on Following the news release, President and CEO John Doyle and CFO Mark McGivney will lead a teleconference with investors at 8:30 a.m. EDT. The discussion will include a question-and-answer session. The live audio webcast will be accessible on and a replay will be available approximately two hours after the event. The webcast is listen-only. Those interested in participating in the question-and-answer session may register here to receive the dial-in numbers and unique PIN to access the call. About Marsh McLennan Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit or follow on LinkedIn and X. View source version on Contacts Media Contact: Erick GustafsonMarsh McLennan+1 202 263 Investor Contact: Jay GelbMarsh McLennan+1 212 345
Yahoo
2 days ago
- Business
- Yahoo
$248.9 Bn HR Advisory Services Market Strategies to 2034: AI Advisory and IT Services Present Top Opportunities
Global HR advisory services market is poised for growth, reaching $193.42B by 2029, driven by digital transformation and remote work trends. North America leads, but Middle East and Asia-Pacific are fastest growing. Key players like Marsh & McLennan dominate a fragmented market. . HR Advisory Services Market Dublin, June 18, 2025 (GLOBE NEWSWIRE) -- The "HR Advisory Services Market Opportunities and Strategies to 2034" report has been added to report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since 2019. The market is expected to grow from $155.74 billion in 2024 to $193.42 billion in 2029 at a rate of 4.43%. The market is then expected to grow at a CAGR of 5.17% from 2029 and reach $248.9 billion in in the historic period resulted from the increasing focus on employee well-being and mental health, expanding freelance workforce, rising demand for automation in HR processes and evolving compliance and regulatory landscape. Factors that negatively affected growth in the historic period were AI bias and ethical issues and client budget constraints. Going forward, the expansion of remote and hybrid work models, digital transformation initiatives, growth in the recruitment process and a growing number of corporate organizations will drive the growth. Factor that could hinder the growth of the HR advisory services market in the future include cybersecurity threats and limited availability of skilled HR America was the largest region in the HR advisory services market, accounting for 37.19% or $57.92 billion of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the HR advisory services market will be Middle East and Asia-Pacific where growth will be at CAGRs of 8.14% and 7.30% respectively. These will be followed by Africa and South America where the markets are expected to grow at CAGRs of 7.14% and 5.41% global HR advisory services market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 6.59% of the total market in 2023. Marsh & McLennan Companies Inc. was the largest competitor with a 0.87% share of the market, followed by Accenture plc with 0.87%, ManpowerGroup with 0.76%, Korn Ferry with 0.75%, Aon Hewitt with 0.65%, Ernst & Young Pvt. Ltd. with 0.63%, Baker Tilly International with 0.56%, Hays plc with 0.54%, Willis Towers Watson plc with 0.50% and PwC (PricewaterhouseCoopers) with 0.47%.The HR advisory services market is segmented by type into compensation consulting, benefits consulting, data analytics, leadership development, coaching, assessment and selection, AI advisory, candidate experience assessment services, general bespoke consulting and other types. The compensation consulting market was the largest segment of the HR advisory services market segmented by type, accounting for 25.93% or $40.38 billion of the total in 2024. Going forward, the artificial intelligence (AI) advisory segment is expected to be the fastest growing segment in the HR advisory services market segmented by type, at a CAGR of 7.20% during HR advisory services market is segmented by service into integration and deployment, support and maintenance and training and consulting. The integration and deployment market was the largest segment of the HR advisory services market segmented by service, accounting for 39.84% or $62.05 billion of the total in 2024. Going forward, the training and consulting segment is expected to be the fastest growing segment in the HR advisory services market segmented by service, at a CAGR of 5.26% during HR advisory services market is segmented by end-user into IT services, manufacturing, financial services, mining and oil and gas, construction, other end-users. The construction market was the largest segment of the HR advisory services market segmented by end-user, accounting for 18.69% or $29.11 billion of the total in 2024. Going forward, the IT services segment is expected to be the fastest growing segment in the HR advisory services market segmented by end-user, at a CAGR of 4.92% during top opportunities in the HR advisory services markets segmented by type will arise in the compensation consulting segment, which will gain $49.26 billions of global annual sales by 2029. The top opportunities in the HR advisory services markets segmented by service will arise in the training and consulting segment, which will gain $72.26 billions of global annual sales by 2029. The top opportunities in the HR advisory services markets segmented by end-user will arise in the financial services segment, which will gain $33.36 billions of global annual sales by 2029. The HR advisory services market size will gain the most in USA at $6.24 strategies for the HR advisory services market include focusing on developing technologically advanced AI solutions, such as employee relations management platforms, focusing on strategic investments, to enable businesses to align with long-term business objectives and focusing on development of integrated payroll solutions for process improvement. Player-adopted strategies in the HR advisory services market include focus on expanding operational capabilities through strategic acquisitions and focus on enhancing business capabilities through the launch of new take advantage of the opportunities, the analyst recommends the HR advisory services to focus on advancing AI-driven employee relations platforms, focus on strategic international expansion through targeted investments, focus on streamlining global payroll with integrated solutions, focus on assessment and selection to drive growth in HR advisory services, focus on training and consulting to maximize growth in HR advisory services, expand in emerging markets, focus on expanding direct and digital distribution channels, focus on competitive yet value-based pricing strategies, strengthen digital promotion and email campaigns, collaborating with industry association and extending business network and focus on IT services to maximize growth potential. Markets Covered: Type: Compensation Consulting; Benefits Consulting; Data Analysis; Leadership Development; Coaching; Assessment and Selection; AI Advisory; Candidate Experience Assessment Services; General Bespoke Consulting; Other Types Services: Integration and Development; Support and Maintenance; Training and Consulting Application: IT services; Manufacturing; Financial Services; Mining and Oil and Gas; Construction; Other Applications Key Companies Profiled: Marsh & McLennan Companies Inc Accenture plc ManpowerGroup Korn Ferry Aon Hewit Key Attributes: Report Attribute Details No. of Pages 1376 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $155.73 Billion Forecasted Market Value (USD) by 2034 $248.9 Billion Compound Annual Growth Rate 4.8% Regions Covered Global Companies Featured Marsh & McLennan Companies Inc. Accenture plc ManpowerGroup Korn Ferry Aon Hewit Ernst & Young Pvt. Ltd Baker Tilly International Hays plc Willis Towers Watson plc PwC (PricewaterhouseCoopers) HR Path JAC Recruitment Group Husys consulting limited People 2.0 Global, LLC Mercer China Deloitte China FESCO (Beijing Foreign Enterprise Human Resources Service Co., Ltd.) Recruit Holding Aon Hewitt Japan Persol Group Mercer Hkp///group Alcumus citrus HR Deloitte PwC (PricewaterhouseCoopers) EY (Ernst & Young) Kelly Services ManpowerGroup Trenkwalder Group Hunt Recruitment Arthur J. Gallagher & Co., Operations Inc. Buck Leapgen Willis Towers Watson plc The Josh Bersin Company Paychex Bridge Social Intelligenza Ubiminds Mercer CDL de Florianopolis Gi Group ACIF Grupo Meta RH Softforay Dijital Donusum Linked4HR Solutions The Talent Enterprise Nathan & Nathan Human Resources Solutions Tuscan Consulting NAJMA Consultancy Pinpoint Human Resource Consultancy PaySpace HR Solutions PE Corporate Services (PECS) Boston Consulting Group Africa NEC XON Bain & Company Alvarez & Marsal For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment HR Advisory Services Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
