US-Iran war: a live timeline for the re/insurance market

Follow Intelligent Insurer’s rolling coverage of the escalating US-Iran conflict, with a focus on developments that matter to the global insurance and reinsurance industry.

The escalation has the potential to affect energy markets, marine and aviation risk, political violence exposures, and reinsurance pricing and capacity. Our coverage tracks the events and market reactions shaping risk assessment, underwriting decisions, and potential loss scenarios for insurers and reinsurers worldwide.

London can absorb Middle East shocks without retreating, says Aon’s Kus

London has a “distinctive responsibility” in the Middle East crisis and can absorb complex systemic shocks while responding with capacity and innovation rather than retreat, Aon’s Global Broking Centre CEO, Tracy-Lee Kus has said. Read the full story.

Middle East war stresses logistics but system ‘functioning as designed’

Despite high risks and a stressed logistics environment from the Middle East crisis, the system is “functioning as designed”, though accumulation is insurers’ main concern and any major market shift will need clear triggers. Read the article.

Lloyd’s reiterates it is open for Strait of Hormuz business

Lloyd’s of London has reiterated that the London Market is still open to covering shipping stranded or attempting to cross the Strait of Hormuz. Read the story.