Strait of Hormuz hull, cargo headline rates jump 400%+ as war risk pricing remains ‘highly volatile’
March 19 2026 by Joana Nguyen
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South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
- May 22
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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Donald Trump’s US$40bn Hormuz insurance scheme non-starter due to lack of US naval escorts: report
- May 17
Scheme failed to launch because it did not meet required conditions and depended on a US naval escort that has not materialised, the Financial Times reported.
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‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
- May 15
Escalating clashes in the key waterway have forced insurers to radically reduce deployment and recalibrate pricing in near real-time, industry insiders say.
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‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
- May 15
Escalating clashes in the key waterway have forced insurers to radically reduce deployment and recalibrate pricing in near real-time, industry insiders say.
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Sedgwick | Investing in people is shaping the future of loss adjusting in Asia
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BHSI | D&O in Asia in 2026: navigating geopolitics, insolvencies, and digital crackdowns without breaking the bank
A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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