The sinking of two commercial ships in the Red Sea this week by Houthi militants has reignited global concern over maritime security - and placed the war risk insurance market under renewed strain. But for one leading risk specialist, the greater threat may lie ahead.

US-based Travelers did not extend war risk cover to Greek-operated bulk carrier Eternity C before fatal Red Sea passage

Yemen's Houthi rebels killed 3 mariners with an attack on a ship in the Red Sea, a European naval force says, fueling concern over a possible new wave of attacks by the Iran-backed group.

The terror group has once again ramped up its attacks on international shipping in the Red Sea two months after reaching a ceasefire with the U.S.

The Department of Migrant Workers is working on verifying reports that Houthi forces may have kidnapped several crew members of MV Eternity C after attacking and sinking the vessel while traversing the Red Sea.

This strike is part of a growing wave of regional escalation, with missile threats now emerging from Gaza, Lebanon, and Yemen. Houthis claim the attack was in solidarity with Palestinians in Gaza, where over 57,

The Department of Migrant Workers (DMW) confirmed on Thursday that three of the 21 Filipino seafarers aboard the Liberian-flagged MV Eternity C died