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 is to offer political risk insurance for maritime vessels traversing the Gulf, following the order of President Trump.
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Global re/insurance group Scor sees “negligible” loss out of the Persian Gulf conflict to this point and feels it has the requisite terms or exclusions in place to feel comfortable about exposures, CEO Thierry Léger suggested during an earnings briefing, March 4.
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Aviation insurers exposed to the Iran/US war may be considering issuing seven‑day notices to review terms, says brokerage Willis.
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Strong capitalisation and 2025 earnings are likely to shield global reinsurers from the current conflict in the Middle East, with specialty lines of marine, trade credit, aviation and political risk expected to see the most direct and immediate impacts.
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