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.

London Market war committee redraws map in light of escalating Iran/US war

London Market Association’s Joint War Committee is revising its listed areas, the list of geographical areas where vessels are at increased risk of war-related perils, in light of the escalating Iran war.
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London Market holds its nerve as marine insurers weigh up cancelling policies

The London Market is “reacting proportionately” to the fast-evolving conflict across the Gulf with marine insurers weighing up whether to cancel policies, says Lloyd’s Market Association.
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Insurers cancel war-risk cover as war rages across Persian Gulf

Marine insurers have cancelled war-risk cover in Persian/Arabian Gulf due to reinsurers retrenching war-risk exposure in light of the Iran/US/Israeli war.
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