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Iran launches Strait of Hormuz insurance scheme to rival $40bn Trump plan — report
Operational Risk
Payable in bitcoin, ‘Hormuz Safe’ would earn Iran $10bn annually in transit fees.   18 May 2026
UK cyber litigation costs reached £3.7bn in 2025
Insurance
Total cyber losses could hit £12bn in 2026: Gallagher.   18 May 2026
American Coastal renews 1/6 book; aggregate & occurrence limit up
Reinsurance
Cat bonds run up and down the tower, including lower layers near FHCF state plan.   18 May 2026
Technology
More than a dozen leading insurers expected to participate at launch.   18 May 2026
Insurance
New hires and promotions support segment-led growth strategy across markets.   18 May 2026
Insurance
Hail, tornadoes and windstorms hit Middle East, US and Europe before peak season.   18 May 2026
Insurance
Leadership reshuffle supports specialty insurer’s next phase of US growth.   18 May 2026
Insurance
Broker Connect aims to streamline complex risk placement workflows.   18 May 2026
Insurance
New unit targets Africa retail, global placements and London client support.   18 May 2026

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