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 US International Development Finance Corporation (DFC) has expanded its maritime reinsurance plan to $40 billion, with Chubb and six additional American insurance partners adding $20 billion in capacity to support maritime trade through the Strait of Hormuz. Read the full story.
Impacts from the Iran war did not directly affect property catastrophe renewals at 1/4 but the Middle East conflict will feed through at midyear renewals, said Howden Re. Read the full story.
Impacts from the Middle East conflict will affect all insurance lines in Australia, as rising fuel costs disrupt supply chains and increase claims-related expenses. Read the full story.
Insurers including Chubb, Fidelis and Lloyd’s were granted permission on Tuesday (March 31) to appeal against a London court ruling that favoured AerCap, the world’s largest aircraft lessor, in a dispute over jets stranded in Russia following the invasion of Ukraine, Reuters has reported. Read the full story.
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