Mitch Insurance's Amanda Conley says 'my boat is insured' is the assumption that leaves owners paying salvage bills out of pocket
Branislav Urosevic Jul 02, 2026
Chubb, AIG and Berkshire Hathaway back $40 billion US reinsurance facility as Hormuz premiums hold near record highs
With US$125 billion in vessels stranded in the Gulf, geopolitics is now the top risk facing shipping and marine insurers
Strait of Hormuz is a claim waiting to happen
The agreement marks a positive step, but the path back to normality is still unclear
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
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
Documentation and timing are critical to avoid claims disputes around Strait of Hormuz disruption
A global shipping chokepoint is underscoring a hard truth in insurance: marine risks are too complex for portal-style underwriting
NFP's Randy Ramkissoon says one GPS tracker isn't enough anymore – thieves know where to look, and the claims are getting more severe
BFL Canada's Hector Plascencia says the gap between identifying a risk and actually understanding its business impact is where most organizations fall short
Aon’s Daniel Ocampo explains how sustainability, global risks and energy transition are reshaping insurance capacity, pricing and strategy for Canadian businesses today
