A drone attack on the UAE's Barakah nuclear power plant and Tehran's launch of a cryptocurrency-based maritime insurance scheme add to volatility
Two months after the Trump administration assembled the most ambitious government-backed maritime reinsurance facility in modern American history, not a single ship has used it — and the professionals who actually place marine war risk coverage say they could have seen it coming
The Trump administration's $40 billion reinsurance facility has written zero business. Industry professionals say it was designed to solve a problem that did not exist — and missed the one that did
Insurance front and centre as US military confirms there are no ship-by-ship "escorts”
Losses are falling precisely between policy wordings
Tehran vows attacks on parks and tourist hubs as war with U.S. and Israel escalates, raising fears for travelers worldwide
The insurer will act as lead underwriter for a DFC reinsurance scheme backing as much as US$20 billion in war-related losses
Rising Gulf tensions and Iran's closure of the Strait of Hormuz triggered insurers to cancel war risk cover under standard short notice clauses
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Tune in to all the latest news including Fitch reveals global insurance outlook
