Exclusive: Lloyd’s of London leads insurers tightening Taiwan cover as conflict risks rise

Source: reuters.com reuters.com

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The interior of the Lloyd's of London building is seen in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay/File Photo LONDON, Aug 10 (Reuters) - Lloyd's of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources with knowledge of the matter say. Insurers are on heightened alert after Russia's invasion of Ukraine last year, which took market players by surprise and left jets stuck in Russia and ships marooned in Ukraine. As...