Shipping in Straits of Hormuz halted due to safety concerns, not insurance,says IUA chief executive

Shipping in Straits of Hormuz halted due to safety concerns, not insurance,says IUA chief executive

by | Mar 12, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

“Most prominent is shipping in the Straits of Hormuz where trade has been halted, not by a lack of available insurance, but by obvious safety concerns. The market for marine war risks is operating in the manner we would expect, given the increase in threats to...