Marine

Report: War-risk insurance braces for prolonged elevated premiums as Hormuz ceasefire buckles

Chubb, AIG and Berkshire Hathaway back $40 billion US reinsurance facility as Hormuz premiums hold near record highs

Josh Recamara Jun 29, 2026

When the claims experts are gone, who handles the next Gulf war?

Geopolitical tension demand is surging at the worst possible moment for London's specialist claims as experience is falling away and not being replaced

Strait of Hormuz signals new maritime order, Allianz warns

With US$125 billion in vessels stranded in the Gulf, geopolitics is now the top risk facing shipping and marine insurers

“It’s Madness” – Shock Iranian announcement upends marine insurance

Strait of Hormuz is a claim waiting to happen

Hormuz reopening may not bring immediate relief as marine insurers keep guard up

Market participants say the agreement marks a positive step, but the path back to normality remains unclear

Boat destroyed by fire in Waitematā Harbour — a reminder on the limits of marine cover

The incident puts the spotlight back on salvage costs and harbour pollution exposure for New Zealand boat owners

'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

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