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.
An escalation or prolonging of the Middle East war could place pressure on credit insurers at upcoming renewals, potentially affecting pricing and/or capacity, a senior Aon executive has warned. Read the article.
Chubb will take the lead in President Trump’s plan to offer insurance cover for vessels trapped in the Strait of Hormuz, backed by $20 billion worth of reinsurance. Read the story.
London has a “distinctive responsibility” in the Middle East crisis and can absorb complex systemic shocks while responding with capacity and innovation rather than retreat, Aon’s Global Broking Centre CEO, Tracy-Lee Kus has said. Read the full story.
Despite high risks and a stressed logistics environment from the Middle East crisis, the system is “functioning as designed”, though accumulation is insurers’ main concern and any major market shift will need clear triggers. Read the article.
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze
