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.
5 March 2026: London Market still offering marine war risk cover
The London Market is “very much open” for marine war risks business, despite rising premiums driven by the conflagration in the Middle East, says broker Gallagher. Read the full story.
4 March 2026: US government offers political risk cover for vessels backed up in Strait of Hormuz
The US International Development Finance Corporation is to offer political risk insurance for maritime vessels traversing the Gulf, following the order of President Trump. Read more.
4 March 2026: War claims negligible to date, exposures well contained
Global re/insurance group Scor sees “negligible” loss out of the Persian Gulf conflict to this point and feels it has the requisite terms or exclusions in place to feel comfortable about exposures, CEO Thierry Léger suggested during an earnings briefing, March 4. Read the full story.
3 March 2026: Gulf State aviation insurers weighing up whether to review terms
Aviation insurers exposed to the Iran/US war may be considering issuing seven‑day notices to review terms, says brokerage Willis. Read the full story.
3 March 2026: Capital buffers will shield reinsurers from Iran/US conflict, agree ratings agencies
Strong capitalisation and 2025 earnings are likely to shield global reinsurers from the current conflict in the Middle East, with specialty lines of marine, trade credit, aviation and political risk expected to see the most direct and immediate impacts. Read the full story.
3 March 2026: London Market war committee redraws map in light of escalating Iran/US war
London Market Association’s Joint War Committee is revising its listed areas, the list of geographical areas where vessels are at increased risk of war-related perils, in light of the escalating Iran war. Read the full story.
2 March 2026: London Market holds its nerve as marine insurers weigh up cancelling policies
The London Market is “reacting proportionately” to the fast-evolving conflict across the Gulf with marine insurers weighing up whether to cancel policies, says Lloyd’s Market Association. Read the full story.
2 March 2026: Insurers cancel war-risk cover as war rages across Persian Gulf
Marine insurers have cancelled war-risk cover in Persian/Arabian Gulf due to reinsurers retrenching war-risk exposure in light of the Iran/US/Israeli war. Read the full story.
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