News

Iran-Hormuz Situation Will Spark More Insurance Inflation

Some analysis from Wealth Club and DBRS below, but let’s think about the likely scenarios from an insurance point of view; Marine/Hull/Cargo rates rocket, cover withdrawn already on traffic in the Straits of Hormuz. That […]

News

Israel Vs Iran: Straits of Hormuz Risks Analysis & Commentary

 This piece is by: Saleem Khan, Chief Data & Analytics Officer – Pole Star Global Escalating military exchanges between Iran and Israel have spurred growing unease among shipping and energy markets over the potential closure […]

News

Comment From the LMA on The Iran-Israel Situation

Quick Statement from Neil Roberts, Head of Marine and Aviation at the Lloyd’s Market Association and secretary of the Joint War Committee: “The London insurance market’s Joint War Committee met this morning to review recent […]

Opinion

Opinion: Marine Risks in the Gulf & Middle East Region

Simon Dempsey, Marine Claims Executive at Meridian Risk Solutions, gives advice on dealing with War Risk claims and assesses what the current volatile situation in the Gulf region may mean for insurers; Following a period […]

Global insurance trends

Gulf Tensions Set to Increase Insurance Costs in Marine Sector

Amidst heightened tensions in the Middle East, an Iranian oil tanker ‘Sinopa’ has been damaged by what Iranian media said was a rocket attack. Whilst the explosion caused an oil spill into the Red Sea, […]

Insurance & Reinsurance

Marine: Hiscox Develops New Product to Combat Shipping Seizures by Nations

Hiscox, the specialist global insurer, has developed a new security product to help protect shipping targeted by nation states. Malicious Vessel Seizure will respond to a single peril of a ship taken by a foreign […]