‘This is not accurate’: LMA insists lack of war insurance cover not reason for limited Strait of Hormuz activity
March 24 2026 by Andrew Mullen
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Lloyd’s launches Chubb-backed marine war risk consortium for Strait of Hormuz
- June 19
It will provide up to US$200m of capacity separately for hull and P&I risks, with an additional US$200m of dedicated cargo capacity.
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LMA welcomes US-Iran deal, but warns of ‘long, complicated’ shipping recovery, as insurer urges caution
- June 18
Lloyd’s Market Association (LMA) says certain practical steps are required, while Charlie Zheng, co-head of marine for greater China at Markel, says the threat environment will take time to normalise.
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Underwriters far from returning to pre-war war risk pricing even as US-Iran deal looms, brokers say
- June 17
Marine war rates are likely to remain around 1% for the next week or so, with a possible drop to the 0.8%–0.6% range in the subsequent week should there be genuine and sustained signs of de-escalation.
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Opinion: ‘No war, no problem’: Asia losing patience with marine market over Strait of Hormuz war cover
- May 29
South Korea’s intervention of low-rate war-risk marine insurance highlights the reality of high premiums as the conflict between the US and Iran heads into a third month.
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