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
Matthew Sellers May 18, 2026
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
Why policyholders now benchmark you against tech giants
The Taguig office has logged green credentials since 2012
Export insurance premiums, credit guarantees, and forex concessions are all included
No treatment like this has ever been commercialized before
Firm reshapes its boardroom just days before a long-signalled leadership handover takes effect
Despite the disruptive effects of the US-Iran conflict, abundant capacity and competitive pricing are still rewarding well-prepared clients — but only for a finite stretch
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