Line of business: War Page 1 / 3
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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
Iran conflict puts US$3.5bn in insurance liabilities at risk across MENA: Russell
Specialty risk intelligence firm estimates liabilities of US$1.9bn for finance, insurance and real estate, and US$1.6bn for manufacturing.
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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 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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- January 13 2026
Demand for marine war cover ‘on the radar’ despite pricing pressure
China’s war games and Donald Trump’s recent move in Venezuela and comments on Greenland suggest an uptick in enquiries for specialty insurance will persist in Asia in 2026.
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- December 1 2025
Opinion: Mutually beneficial to address Hong Kong’s marine war insurance needs
Hong Kong Marine War Risks Insurance Pool will focus on providing marine war risk insurance, covering vessel loss or damage caused by acts of war, piracy, terrorist attacks, and related geopolitical incidents.
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- November 20 2025
Hong Kong launches marine war risk insurance pool
Initiative, announced by chief executive John Lee earlier this year, is managed by Alliance Risk Transfer and its founding members include China Taiping, PICC, CMB Wing Lung, CPIC and Asia Insurance.
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- August 18 2025
Rising risks redefine marine insurer-clients relationships: IUMI’s Lars Lange
As the industry body prepares to host their annual conference in Singapore, sanctions and geopolitical risks continue to dominate concerns for carriers.
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- June 20 2025
Further war rate adjustments expected amid intensifying Middle East conflict, Swedish Club warns
P&I club also anticipates increased focus on compliance-related issues in order to identify certain increased risk elements.
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- June 20 2025
Opinion: Specialty market set to be tested in the fire once again as Iran escalation evokes memories of Gulf War
Conflict between Israel and Iran is bringing back memories of the Gulf War, which was seen a key testing ground for the resolve of the marine market, with numerous attacks on ships.
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- June 19 2025
Marine insurers lift prices for Strait of Hormuz by 60% amid safety fears: FT
Cost of cover for a US$100m ship has risen from US$125,000 to US$200,000 since the start of the conflict between Israel and Iran last week, according to Marsh McLennan.
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- May 27 2025
Geopolitical tensions could offset reduction in maritime losses from traditional causes: Allianz Commercial
Trade wars may open a new chapter for alternative routes if suppliers and exporters look to redirect goods to adapt to any new environment and tariffs.
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- February 26 2025
Markel continues marine expansion with Singapore hull, war lead hire
Galvin Hu, who will report to head of Singapore Wanshi Lin, will be responsible for spearheading the specialty carrier's underwriting strategy in APAC.
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- January 23 2025
Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
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- September 19 2024
Global marine insurers bet on Asia amid growing geopolitical concerns
The International Union of Marine Insurance sees the region accounting for almost a third of the premium as an opportunity to grow its membership as war risks, sanctions and embargoes are affecting global shipping.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- May 9 2024
Red Sea crisis has created new breed of maritime risks: Howden’s Morley
The broker's dedicated war cargo cover, the first for an active conflict zone, has seen significant response from Asian cargo owners and manufacturers, associate director Ellis Morley tells IAN.
