Marine

'The market is behaving as it should': Correcting the record on war risk cover in the gulf

'The market is behaving as it should': Correcting the record on war risk cover in the gulf

Brokers, P&I executives and the Lloyd's Market Association have spent weeks pushing back against the narrative that marine insurers withdrew from the Strait of Hormuz

Kiernan Green May 13, 2026
Is it a war? The question that will define thousands of Gulf insurance claims

Is it a war? The question that will define thousands of Gulf insurance claims

The definitional fault line running through the Strait of Hormuz crisis is not an abstraction - it is the difference between a paid claim and a coverage dispute, and it is already shaping how policies are being written and contested

West P&I shifts Hong Kong base amid China and Vietnam growth

West P&I shifts Hong Kong base amid China and Vietnam growth

In Hong Kong since 1982, West now backs major China Vietnam portfolios

India expands roster of Russian marine insurers, raising scrutiny over coverage gaps

India expands roster of Russian marine insurers, raising scrutiny over coverage gaps

As the Strait of Hormuz remains shuttered, New Delhi deepens its dependence on an insurance architecture that operates outside the norms of the global maritime system

India green lights $1.4 billion maritime insurance guarantee as cover thins

India green lights $1.4 billion maritime insurance guarantee as cover thins

New pool anchors domestic marine capacity on sanction-hit routes

Beazley lines up US$1 billion marine war facility for Hormuz transits

Beazley lines up US$1 billion marine war facility for Hormuz transits

The London market is marshalling capital to keep trade moving

Hormuz blockade forces marine brokers to rethink risk across world’s trade chokepoints

Hormuz blockade forces marine brokers to rethink risk across world’s trade chokepoints

As the disruption continues, brokers are defending cover, calming clients and examining risk across the globe's most exposed trade routes

QBE flags storms, labour gaps, and cargo fires as key shipping risks

QBE flags storms, labour gaps, and cargo fires as key shipping risks

Shipping risks intensify across Asia as multiple pressures converge

A ceasefire won't reopen the insurance market – not yet

A ceasefire won't reopen the insurance market – not yet

Gulf chaos has closed the Strait of Hormuz twice – and only one of those closures is anywhere near resolved

IB TALK

Global Weekly News Roundup July 03-07, 2023

Tune in to all the latest news including market continues recalibration at mid-year renewals

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