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.

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.

Middle East conflict to drive cyber insurance demand

Cyber is seen as the specialty line most in demand, as the Middle East conflict pushes insurers and insureds to reassess exposure. According to Kynd, roughly 3% of around 9,000 North American organisations have digital infrastructure located in the Middle East. Read more.

Morningstar DBRS pours cold water on Trump insurance plan to get oil shipments moving

Morningstar has poured cold water on President Trump’s plan to restart oil shipments through the Strait of Hormuz by setting up a $20 billion reinsurance facility. Read all details here.

Data centre labour crunch exposed by Middle East conflict

Data centres are no longer just humming boxes in the suburbs, they are now part of civilian infrastructure that can be squarely in the crosshairs during conflict, and the race to build them is hitting a wall not of capital, land or energy, but skilled labour. Read the full article.