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.
Aviation carriers, especially for hull war/AVN52 covers, are struggling somewhat to scale their reaction to the armed conflict around the Persian Gulf, avoiding outright policy cancellations but struggling to manoeuvre around policy triggers as they vie for angles to improve pricing terms, analysts at specialist wholesale re/insurance broker Price Forbes have claimed. Read the full story.
Renewals are expected to hold steady into April 1, even as tensions in the Middle East escalate, with capacity across marine, energy and political violence lines remaining robust but underwriting scrutiny tightening on Gulf exposures, Howden Re believes. Read the story.
Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses stemming from the Middle East conflict, but rising volatility and inflationary pressures are set to test earnings and margins across the sector. Read the full story.
The global marine insurance market has maintained capacity across cargo, hull, liability and offshore energy lines despite escalating geopolitical tensions in the Middle East, supporting continued trade flows in high-risk regions. Read the article.
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