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
Stephen Owens Apr 22, 2026
As missiles fly and markets shudder, a Macquarie University economist warns the real insurance story isn't the hull - it's the load
As the disruption continues, brokers are defending cover, calming clients and examining risk across the globe's most exposed trade routes
Weather shocks are colliding with tighter capacity, bigger vessels and rising claims costs, leaving brokers with a harder conversation to have from Far North Queensland to WA
Gulf chaos has closed the Strait of Hormuz twice – and only one of those closures is anywhere near resolved
New technical bulletins highlight how escalating incidents around the Strait of Hormuz are driving up environmental exposures
Closure raises concerns for marine insurers and global shipping
But Moody's flags potential multi-billion exposures as insurers juggle aggregation, shadow fleets and offshore energy risks
As Canberra scrambles to keep fuel moving, brokers are hearing a sharper message from clients in transport, farming and marine
A broker playbook for spotting water exposures
