Topic: Iran conflict Page 1 / 2
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- April 17 2026
Scope of war risk cover must be considered as claims expand beyond high-risk zones: London P&I Club
Senior underwriter Ben McKeith says not enough owners are considering long-term war risk cover plans as part of their management strategy, as claims have increased in non-high risk zones, such as the Mediterranean and Black Sea.
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- April 17 2026
Opinion: Systemic risk is making an unwelcome return on the APAC radar
Systemic risk is making an unwelcome return on the APAC radar, as the Iran conflict threatens an energy-driven shock that Asia can ill afford, despite markets having quickly forgotten the lessons of 2008.
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- April 16 2026
Cyber risks more than an IT issue for marine insurers, even as Strait of Hormuz rates remain ‘prohibitive’
Cyber risks have evolved from an IT issue into a physical threat for marine insurers, yet remain caught in a coverage gap as Strait of Hormuz rates stay 'prohibitive', Lockton's regional marine heads Sung Wook Han and Derek Shum tell InsuranceAsia News.
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- April 14 2026
Korean Re weighs coverage for shippers rerouting around war-hit Strait of Hormuz
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
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- April 13 2026
APAC insurers brace for indirect impact of Middle East conflict as volatility, supply-chain risks rise: S&P Global
Potential prolonged disruptions to energy supply can lead to compounding claims expenses in motor, property and commercial lines while increasing demand for political risk and business interruption coverage.
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- April 13 2026
India firms up plans for GIC Re-led US$100m marine war risk pool
Bharat Marine Pool will be led by state-owned reinsurer GIC Re and New India Assurance.
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- April 10 2026
Insurers face complex, fast-moving risk landscape as fragile ceasefire throws Strait of Hormuz into turmoil
Iran says vessels that attempt to transit the key waterway without permission 'will be destroyed' despite the US announcing a two-week ceasefire.
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- April 9 2026
Strait back to business? Ceasefire positive signal, but brokers expect gradual process for Hormuz rates, traffic
US President Donald Trump announces a two-week ceasefire between the US and Iran, if shipping is allowed to move through the crucial Strait of Hormuz, although brokers remain sceptical.
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- April 8 2026
India eyes US$1.8bn sovereign guarantees to back Persian Gulf vessel insurance
Plan would reduce dependence on overseas reinsurance.
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- April 8 2026
Cleared for takeoff: war rates remain stable as airlines seek new routes
A month into the Iran conflict, the US has also doubled its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz to US$40bn.
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- April 3 2026
Strait of Hormuz reinsurance coverage upped to US$40bn
Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA join the US International Development Finance Corporation (DFC) and Chubb to provide reinsurance for ships.
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- April 1 2026
Australia’s insurers face claims cost inflation from Iran conflict: ICA
Initial industry data suggests that the war in the Middle East is causing a surge in repair and part replacement costs.
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- March 30 2026
Iran conflict imposes ‘squeeze’ on Asian PVT covers
Iran conflict has sparked a hardening of political violence and terrorism (PVT) insurance rates in Asia and a spike in demand for coverage, according to brokers and underwriters.
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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
‘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 24 2026
Energy clients voice disquiet over change of cover for non-exposed Middle East territories
Global P&C insurer Chubb has outlined the structure and scope of the maritime insurance facility created in partnership with the US government, but attacks on oil and gas facilities have added to global tensions.
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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 20 2026
India weighs US$107.5m war risk pool for Strait of Hormuz shipments: report
Facility would be feasible only after the route through the Strait of Hormuz opens up, a government official told the Economic Times.
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- March 19 2026
Insurers brace for fallout as Iran conflict ‘not a single-line issue’
Industry expects the ripple effects of the conflict to drive disruption-related losses, rather than physical damage.
