Topic: Iran conflict Page 1 / 3
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- July 7 2026
‘Substantial insurance support’ pivotal as 20,000 seafarers trapped in worsening Strait of Hormuz crisis
Industry officials stress that repatriating trapped crew requires coordinated war-risk and P&I insurance arrangements, alongside security guarantees, to overcome the stalled evacuation.
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- July 6 2026
Not blowout year, but M&A resiliency remains amid soft market, improving geopolitical outlook
Insurer appetite for M&A remained robust in the first half despite a volatile geopolitical backdrop, with three jumbo deals in Japan, Australia and the UK.
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- June 28 2026
Hull war rates more than halve after US-Iran ceasefire: report
Premiums for vessels crossing the Strait of Hormuz more than halved from 5% to 2% of ship value in the past week.
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- June 24 2026
Middle East conflict heralds ‘new maritime order’ for shipping: Allianz Commercial
More than 1,150 cargo carrying vessels, with an estimated vessel and cargo value of around US$125bn, and over 20,000 seafarers, remain stuck in the Persian Gulf waiting to resume operations.
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- June 22 2026
Risk managers sound alarm on AI, cyber, relevance at Airmic conference
At the Airmic Annual Conference in Birmingham, global risk managers warned that insurers are losing relevance amid surging AI, cyber, and geopolitical threats, with captives emerging as a preferred alternative.
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- June 19 2026
Lloyd’s launches Chubb-backed marine war risk consortium for Strait of Hormuz
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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- June 18 2026
LMA welcomes US-Iran deal, but warns of ‘long, complicated’ shipping recovery, as insurer urges caution
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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- June 17 2026
Underwriters far from returning to pre-war war risk pricing even as US-Iran deal looms, brokers say
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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- June 12 2026
Middle East conflict: world ‘in the foothills’ of prolonged war, insurers told
Richard Shirreff, former deputy supreme commander Europe for NATO, has told insurers to brace themselves and their clients for the Middle East conflict ‘lasting for years, not months’.
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- June 11 2026
Australia claims costs rise as Middle East tensions drive fuel, freight, construction inputs inflation: Crawford
Underinsurance risk may become more apparent as replacement costs outpace policy coverage, loss adjuster says.
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- May 29 2026
PVT losses from Middle East conflict hit US$3bn, twice Ukraine war claims: Howden Re
Broader reinsurance market is still capable of absorbing the shock and keeping downward pressure on non-loss-affected programs.
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- May 28 2026
(Re)insurers face rising threat of claims inflation from Middle East conflict: Morningstar DBRS
Direct losses have been contained for the P&C and specialty insurance industry, the global credit rating agency says.
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- May 22 2026
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
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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- May 17 2026
Donald Trump’s US$40bn Hormuz insurance scheme non-starter due to lack of US naval escorts: report
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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- May 15 2026
‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
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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- May 13 2026
India launches US$1.5bn maritime insurance pool, issues first war risk policies
GIC-administered Bharat Maritime Insurance Pool provides H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
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- May 13 2026
Strait of Hormuz, US-China tensions to the fore as London market examines major geopolitical threats
UK political instability and challenges to the US dollar's dominance were also high on the agenda at the first Global Risk Summit in London this week.
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- May 4 2026
US Navy escorts, securing terms key to insuring Strait of Hormuz transits: Berkshire’s Ajit Jain
US President Donald Trump says the US will launch an effort on Monday to 'guide' stranded vessels through the key waterway.
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- April 19 2026
India approves marine insurance pool with US$1.4bn sovereign backing
Bharat Maritime Insurance Pool will provide H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
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- April 17 2026
Agile promotes Mark Hunt to group CUO in underwriting leadership shake-up
David Hughes succeeds Hunt as active underwriter for Syndicate 2427, while Mike Dalton takes on an additional role as head of underwriting for Australia.
