Reinsurance News
Middle East Conflict
Gulf shipping tensions prompt war risk reassessment by marine insurers: IUMI
6th March 2026
War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available, although insurers are reassessing their appetite for exposure as tensions in the Middle East disrupt shipping routes and threaten supply chains, according to the International Union of Marine Insurance (IUMI). The marine insurance body said war cover ... Read the full article
US insurance proposal may not be enough to restart shipping through the Strait of Hormuz
5th March 2026
Morningstar DBRS, the international credit ratings and research firm, has said that a proposal by the government of the United States to support insurance for vessels travelling through the Strait of Hormuz may not be sufficient to rapidly restore commercial navigation in the region. In recent commentary, Morningstar DBRS states that ... Read the full article
CyberCube flags elevated cyber risk from Iran following US-Israel strikes
5th March 2026
As tensions rise in the Middle East, CyberCube has issued a call to action for cyber insurance carriers, urging them to use threat-intelligence-informed analytics to assess and manage exposure to potential cyber operations by Iranian threat actors. A new blog, authored by William Altman, CyberCube’s Director of Cyber Threat Intelligence Services, ... Read the full article
Trump orders political risk insurance backstop for energy security in Persian Gulf
4th March 2026
In an intervention aimed at stabilising global energy flows and easing maritime security risks, President Donald Trump has directed the United States Development Finance Corporation (DFC) to extend political risk insurance and financial guarantees for all maritime trade, particularly energy cargoes transiting the Strait of Hormuz. The move, announced via social ... Read the full article
Middle East conflict risks seen as manageable for re/insurers, but escalation concerns linger
4th March 2026
At discussions held during the Association of Insurance and Financial Analysts conference, re/insurance executives and analysts struck a cautiously constructive tone on Middle East conflict exposures, broadly agreeing that related losses remain “manageable” for re/insurers so far. Overall, sentiment suggested losses are contained, with analysts noting that “the situation remains fluid” ... Read the full article
Reinsurers can meet challenges as Middle East conflict escalates: SCOR CEO
4th March 2026
Currently, the immediate impact of the ongoing conflict in the Middle East is negligible for global reinsurer SCOR in terms of claims, as the company's Chief Executive Officer (CEO), Thierry Léger, emphasises that the reinsurance industry "can respond to such challenges." Speaking to the media after the release of a Read the full article
Insurance market braces for systemic shock as Iran conflict threatens multi-line losses: Kennedy’s
3rd March 2026
Kennedys, an international insurance law firm, has warned that the developing conflict involving the United States, Israel and Iran presents the prospect of a rare, multi-line event for the global insurance and reinsurance market. In Kennedys’ assessment, the combination of sustained military action, disruption to energy flows and prolonged regional instability ... Read the full article
S&P sees limited credit impact from Middle East conflict on reinsurers
3rd March 2026
Following the recent escalation of conflict in the Middle East, S&P has indicated that reinsurers’ capital adequacy is strong enough to mitigate the potential risk of credit quality deterioration, although those with broad geographic footprints and significant exposure to specialty markets in the region are likely to be the most ... Read the full article
Reinsurers likely to raise prices & reduce capacity in the Gulf amid Iran conflict: Morningstar DBRS
2nd March 2026
The Iran conflict adds to a series of recent geopolitical crises that have already pressured marine and aviation insurers’ profitability, with Morningstar DBRS stating that reinsurers are likely to respond by raising attachment points or reducing capacity, increasing retention for primary carriers. On 28th February 2026, the US and Israel carried ... Read the full article
Marine hull insurance rates in the Gulf could rise 50% due to Iran conflict: Marsh
2nd March 2026
According to Dylan Mortimer, Marine Hull UK War Leader, Marsh, there could be near-term rate increases for the Marine Hull line of business in the Gulf of 25-50%, while other reports reveal that some underwriters have reacted swiftly and cancelled certain annual hull war policies under standard 7-day war clauses. On ... Read the full article
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