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
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
Insurance front and centre as US military confirms there are no ship-by-ship "escorts”
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
As the disruption continues, brokers are defending cover, calming clients and examining risk across the globe's most exposed trade routes
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
A broker playbook for identifying water exposures
