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.

India plans $1.5bn Middle East reinsurance fund: report

India is considering a $1.5 billion sovereign reinsurance fund to support insurers covering vessels crossing the Persian Gulf. Read the full story.

Trump’s maritime reinsurance facility expands to $40bn

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.

Middle East conflict will be felt at mid-year renewals: Howden Re

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.

Middle East conflict disrupting Australian supply chains, driving costs

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.