Adrian Cox, CEO at Beazley, said,“I’m proud that the Marine market,...
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Energy Insurance:Globally downstream market saw gross losses of $6.8 billion in 2025
In Asia, the upstream market also remains decisively...
West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict
Gulf insurers are heavily reinsured but global reinsurers have...
Lloyd’s market engaging with US government over Gulf maritime plan, officials say
“Lloyd’s is engaging constructively with the U.S. Development Finance Corporation and relevant stakeholders, with a clear focus on ensuring that the Lloyd’s market continues to lead as the global center of excellence for war risk insurance,” a Lloyd’s spokesperson...
Marsh and Aon in talks with US govt on a plan to help insure tankers navigating Strait of Hormuz
President Donald Trump said on Tuesday the US International Development Finance Corporation would offer insurance “at a very reasonable price” to help ensure the flow of energy and other commercial trade in the Gulf. Marsh and Aon Plc, two of the world’s largest...
Commerce, shipping ministries hold consultation meeting amid West Asia tensions; Inter-Ministerial Group for supply chain resilience created
"In this context, the 'Inter-Ministerial Group (IMG) for Supply Chain Resilience' has been created, comprising members from Department of Financial Services, Ministry of External Affairs, Ministry of Shipping, Ports & Waterways, Ministry of Petroleum & Natural...
Trump orders oil tanker insurance support, says Navy could escort ships in Gulf
President Donald Trump Shipping companies and insurers have begun reassessing their exposure to the region. War-risk premiums have jumped and some providers have scaled back or withdrawn coverage, industry.Higher insurance costs have made it more expensive for tankers...
“Too early to assess economic impact on region, global economy”: IMF on West Asia conflict
The IMF also mentioned that it has "observed disruptions to trade and economic activity, surges in energy prices, and volatility in financial markets.The situation remains highly fluid and adds to an already uncertain global economic environment," it said in a...
Middle East Conflict Risks:Global reinsurers shielded by robust capital and earnings
There will be sizable insured losses, and the conflict could have far‑reaching implications for the reinsurance industry.The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation,...
Black Swan scenarios: Crisis of geopolitical instability and interconnected risks
According to new Allianz Risk Barometer analysis,respondents in Asia Pacific identified a global supply chain paralysis and global internet outrage as the two most plausible Black Swan scenarios; the former is ranked first in China and Hong Kong, Singapore, and South...
London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates
Gulf war risk premiums have risen fivefold in recent days compared with a week ago – before the U.S and Israel began their airstrikes on Iran – adding hundreds of thousands of dollars in extra costs for every shipment. London’s marine insurance market has widened the...
Middle East Crisis: Drone debris hit JSW Infrastructure tank at Fujairah terminal in UAE
There were no injuries, and all personnel at the terminal remain safe. The remaining fourteen tanks have been secured. Adequate insurance coverage for the facility is already in place. Mumbai:JSW Infrastructure has said that one of its storage tanks at the company’s...
‘Black Swan’ risks stalk container carriers in avoiding Iran war
Jeremy Nixon, the CEO of Ocean Network Express, said Monday there were about 750 ships caught up in what was effectively the closure of the Strait of Hormuz, with about half of them inside of the Gulf and half on the way there. About 100 of those are container ships,...