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.
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.
Chubb, which will lead in President Donald Trump’s plan to insure vessels in the Strait of Hormuz, will manage the facility and set pricing and terms, the P&C insurer has said of the maritime insurance partnership with the US International Development Finance Corporation (DFC). Read the story.
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