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.
Global multi-line insurer Talanx will show only “limited claims” in the Middle East following the outbreak of armed conflict, a low hit from major cat events and virtually nothing to report on the market’s concerns over private credit in asset books, management said in an “Aide Memoir” published on its website to calm markets ahead of the Q1 earnings season. Read the full story.
Shipowners are sitting on their hands, despite insurance rates coming down in the wake of the US ceasefire, even as Iran again closed the Strait of Hormuz. Read the full story.
War risk premiums for shipping trapped in the Persian Gulf are unlikely to reduce immediately, despite the two-week ceasefire announcement, according to broker WTW. Read the full story.
India is considering a $1.5 billion sovereign reinsurance fund to support insurers covering vessels crossing the Persian Gulf. Read the full story.
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