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.
Marsh is waiting to hear back from the US government over its proposals as to how President Trump’s order that the US insures vessels going through the war-torn Strait of Hormuz might actually work in practice. Read the full story.
A US government reinsurance backstop, along the lines of the one established after 9/11, would be a better way to protect Gulf shipping, rather than directly insuring vessels. Read the full story.
Lancashire feels “perfectly comfortable” with its exposures in the Middle East conflict zones thanks to a direct line of sight to its full range of covers and may be watching the theatre for underwriting opportunities that develop from the conflict, top officials have indicated. Read the full story.
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.
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