Country: Middle East Page 1 / 5
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- March 27 2026
Opinion: Will Asia be the ultimate beneficiary of Donald Trump’s Gulf maritime reinsurance plan?
Chubb has outlined the structure of the US$20bn facility, but owners may instead opt to bypass the Strait of Hormuz altogether.
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- March 25 2026
‘This isn’t Beirut, I’m staying put’: specialty (re)insurance market toughing it out in Dubai as economy suffers
Expansion plans for Dubai International Financial Centre knocked back as regional war intensifies.
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- March 24 2026
Mosaic to close Singapore office, service Asia from Dubai
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
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- March 24 2026
‘This is not accurate’: LMA insists lack of war insurance cover not reason for limited Strait of Hormuz activity
US President Donald Trump extends his deadline for Iran to reopen the key waterway, saying the US would hold off on power plant strikes for five days.
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- March 22 2026
Chubb reveals plans for US$20bn Strait of Hormuz reinsurance coverage
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
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- March 19 2026
Price Forbes expands Lectio follow facility to APAC property, energy risks
Lectio can now follow approved leads in Singapore and Dubai, although business will continue to be written on a London slip.
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- March 17 2026
Lloyd’s, specialty carriers face heightened exposure to Iran conflict: Fitch
Impact on the global insurance industry will be manageable unless the scope and duration widens, according to the rating agency.
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- March 12 2026
Iran conflict heightens specialty insurance tail risks: Moody’s
Beyond marine and aviation, PVT and SRCC coverage carries uncertainty, but insurers are enjoying strong demand and rate hikes, the rating agency said.
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- March 12 2026
DFC mandates Chubb to lead US$20bn reinsurance facility for Gulf trade
Resuming the flow of trade through the strait of Hormuz is vital for world energy supply.
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- March 12 2026
Questions mount over Trump’s touted US$20bn war facility for Gulf shipping
The extent of involvement from the international marine (re)insurance market is also unclear, given that the US agency said it will work ‘with preferred American insurance partners’.
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- March 10 2026
Willis’ Kelsie Makepeace takes up new role in Dubai
Makepeace has relocated from Hong Kong as placement strategy execution leader, DIFC, which covers the CEEMEA region.
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- March 8 2026
US DFC unveils US$20bn maritime reinsurance facility for Gulf trade
US International Development Finance Corporation, along with American insurers, will offer revolving cover with a focus on hull and machinery and cargo to start.
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- March 6 2026
War cover for Gulf and Red Sea available on single-voyage basis amid fluid risks: IUMI
In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to provide that provide cover.
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- March 4 2026
Donald Trump pledges insurance for vessels in Strait of Hormuz
US International Development Finance Corporation would offer insurance 'at a very reasonable price' to help ensure the flow of energy and other commercial trade, US president says.
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- March 4 2026
Legal precedent raises stakes for aviation war insurers as Iran conflict grounds fleets
Aviation war market faces a flurry of policy cancellations and reinstatements this week, with rates expected to surge by triple digits.
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- March 3 2026
Middle East conflict to heighten earnings volatility for global reinsurers: S&P
The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation, energy, political violence, and other niche classes, the rating agency said.
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- March 3 2026
Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
With US$500bn in energy trade at a standstill, proportionality and caution are the watchwords for the marine market as it braces for a prolonged crisis.
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- March 2 2026
US-Israeli strikes on Iran force marine war market repricing amid elevated geopolitical risks: Aon’s Stephen Rudman
While there is no systemic withdrawal of capacity, underwriters have cancelled certain hull war policies and are offering reinstatement of cover at materially increased rates, the broker's head of marine in Asia says.
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- March 1 2026
War risk insurers cancel covers, raise prices for ships in Gulf and Strait of Hormuz: report
Insurance rates could rise by as much as 50% following Iran's retaliatory stirkes against US-Israel, meanwhile, cargo war-risk insurers are also preparing to issue cancellation notices on Monday.
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- February 13 2026
Lloyd’s promotes Emma Loynes to CEO of Asia Pacific, Middle East, Africa
Singapore-based Loynes succeeds Chris Mackinnon, will leave for Munich Re Specialty in April.
