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War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz

War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz

by AIP Online Bureau | Jul 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

In the past 24 hours, war insurance rates for ships inside the Gulf have already ticked higher towards 3% of the value of a vessel from 2% at the end of last week, said the sources, who declined to be named due to the sensitivity of the matter. Some war underwriters...
US, Iran reach preliminary agreement to end war, signing set for Friday

US, Iran reach preliminary agreement to end war, signing set for Friday

by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Donald Trump,U.S. President Trump said the Strait of Hormuz, a major shipping route for ​global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the U.S. blockade of Iranian ports....
NIA rolls out India’s first Motor insurance war risk protection solution

NIA rolls out India’s first Motor insurance war risk protection solution

by AIP Online Bureau | Jun 10, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“The Motor War Risk Add-On Cover is designed to bridge a critical protection gap by offering insurance protection against direct physical loss or damage to the insured vehicle arising from war-related events. The cover can also be availed for motor insurance...
New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges

New Lloyd’s consortium brings together capacity up to $345 million per risk globally as WTPV market surges

by AIP Online Bureau | Jun 4, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Jonathan Powell, Managing Director, Guy Carpenter said,“Clients are facing urgent and complex capacity needs following the Middle East conflict. Guy Carpenter was pleased to place the TFP PVT Consortium to provide structured, dependable capacity at scale. This...
Hostilities flare in Iran war, oil jumps with talks at a stalemate

Hostilities flare in Iran war, oil jumps with talks at a stalemate

by AIP Online Bureau | Jun 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The latest flare-up, which lifted oil prices by more than 1% in early trade on Wednesday, comes more than three months after the initial ​U.S. and Israeli strikes on Iran, with the conflict mired in a stalemate under a shaky ceasefire and the Strait of Hormuz largely...
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