Topic: Iran conflict Page 1 / 4
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- October 15 2026
Singapore-flagged container vessel sunk in Strait of Hormuz ‘matter for war risk underwriters’, West says
GFS Pride was struck by an unknown projectile, although all 21 crew members were safely evacuated and no injuries have been reported, according to the Maritime and Port Authority of Singapore.
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- October 14 2026
‘Sense of fatalism’ abounds over assessment of impact of conflict on supply chains
The market struggles to innovate on supply chain contingent business interruption and to quantify manufacturing network and financial contagion risk, Russell Group’s Suki Basi says.
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- October 9 2026
TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
The combination is effective from February 20 next year and is expected to generate a 5% improvement in the merged entity’s COR.
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- October 2 2026
Marine war risk challenges require central solution as mounting losses expose claims gaps: Markel
Head of claims for Asia Bo Yu tells InsuranceAsia News that the 98 vessels that have been attacked in the Strait of Hormuz since February are driving calls for greater collaboration between hull insurers and P&I clubs.
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- September 28 2026
India’s US$1.5bn marine risk pool surpasses 3,000 cargo war policies
Bharat Maritime Insurance Pool has also issued 92 hull war-risk policies and three protection and indemnity insurance policies since its creation in May.
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- September 23 2026
‘Calculated risk, not uninsurable’: marine insurers urged to stay the course amid Strait of Hormuz conflict
US Rear Admiral Matthew Kawas tells the opening day of the International Union of Marine Insurance (IUMI) annual conference in Rotterdam to 'let us handle the torpedoes', urging insurers to keep covering transits of the key waterway.
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- September 9 2026
Opinion: In a time of war, will other Asian nations follow in Japan’s wake?
Japan is the latest to explore a state-sponsored marine insurance scheme, but the move raises profound questions for maritime reinsurance across Asia.
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- September 4 2026
‘We’ve never had a risk environment like this’: Lloyd’s CEO warns of heightened interconnected risks
Lloyd’s reports US$1.9bn in losses from the war with Iran, as Patrick Tiernan warns the global risk environment is unique in history, with cyber, trade, geopolitical and physical threats escalating.
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- August 14 2026
Strait of Hormuz, Red Sea, Black Sea attacks force war underwriters to get ‘hands-on’ as market fragments
Underwriters are now pricing each voyage in real time - relying on intelligence, not just history, to navigate a fractured market shaped by proxy actors, terrorism, sanctions and cyber threats.
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- August 12 2026
P&I club duo cancel war risk cover across Indian Ocean, Gulf of Aden, Red Sea
Skuld and NorthStandard say vessels trading to, from, through, or within the affected waters will lose their war risk coverage from Sunday, with the cancellation applying to all fixed premium assureds.
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- August 10 2026
India’s sovereign-backed maritime pool sets sail, but major loss and accumulation risks await
War-risk premium rates have dropped 35-40% since the Bharat Maritime Insurance Pool launched in May, but industry sources caution pricing sustainability depends on how the pool handles major loss and accumulation events.
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- July 27 2026
‘I haven’t seen risk this high for years’: shipping industry veteran Tim Huxley on unprecedented pressures facing shipowners
Escalating hostilities are driving up shipping costs, but cover remains available as insurers price risks pragmatically, Mandarin Shipping chairman tells InsuranceAsia News' Between the Lines podcast.
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- July 24 2026
New LMA clause voids cover for ships paying Strait of Hormuz transit fees
Clause was developed in response to concerns about applicable sanctions and terrorism legislation.
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- July 13 2026
AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
AI transformation and geopolitical disruptions are driving urgent demand for specialty insurance, the Lloyd’s carrier's managing director for greater China tells InsuranceAsia News.
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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.
