Topic: Iran conflict Page 2 / 4
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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.
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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.
