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Friday, April 20, 2018

WAR RISK SITUATION

The war risk exclusion zone around Iraq will be extended to the AG and adjacent waters as well as the Gulf of Oman North of 24 degrees N. The Gulf of Aqaba and Red Sea, North- and South Yemen, Pakistan, Oman, Syria, Algeria and Egypt were also declared excluded areas. These areas come in addition to any area previously excluded.

In addition War Risk Underwriters have asked that assureds consider paying voluntary increases in the basic annual war risk rates. Rates for the excluded zones will be determined.