Reinsurance News
Middle East Conflict
Lloyd’s unveils Chubb-led war risk insurance facility for vessels in Strait of Hormuz
19th June 2026
Lloyd’s has launched a new market consortium with Chubb as lead underwriter, supported by participating Lloyd’s syndicates and specialist partners, to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. According to an official announcement from Lloyd's, the consortium brings together leading underwriting expertise ... Read the full article
Aon sees no immediate shift in insurer appetite following Iran-US agreement
17th June 2026
David Kinzel, Political Risk U.S. Practice Leader at Aon, suggested that although the U.S. and Iran have reached an agreement to halt their military conflict, uncertainty surrounding the deal's terms is likely to prevent any material improvement in risk appetite for the sector in the near term. On Wednesday, June 17, ... Read the full article
PV insurance market can expect further ‘significant claims’ as Middle East conflict persists: Selwyn, Antares
5th June 2026
The political violence (PV) insurance market faces intensifying pressure in the Middle East with escalating military actions threatening to disrupt commercial operations, leading to further "significant claims" from Gulf states as PV business written before late February remains on risk, warns Antares' Wesley Selwyn. In a recent commentary, Selwyn, Class Underwriter ... Read the full article
Strait of Hormuz disruption adds pressure to marine and specialty markets, says Howden Re
28th May 2026
Howden Re, the reinsurance arm of broking group Howden, has released analysis on the Strait of Hormuz situation, stating that while global reinsurance capacity remains solid, conditions are tightening across marine, energy and political violence lines as geopolitical instability in the region continues. The firm notes that these developments are influencing ... Read the full article
Middle East conflict creates limited Q1’26 pressure for global specialty P&C insurers: Morningstar DBRS
26th May 2026
Morningstar DBRS, a global credit ratings, risk analysis, and financial research agency focused on banks, insurers, and financial institutions, says the financial impact of the ongoing Middle East conflict on global property and casualty (P&C) insurers remained limited during the first quarter of 2026, despite continuing disruption across the region ... Read the full article
Evolving geopolitical landscape is creating new opportunities in the Middle East: Pelagos CEO
15th May 2026
The evolving geopolitical landscape in the Middle East is opening new opportunities in the region, Dan Burrows, Pelagos Insurance Capital CEO, commented during the company’s recent earnings call. For the first quarter of 2026, Pelagos Insurance Capital Limited, formerly known as Fidelis Insurance Holdings Limited, reported a group-wide underwriting income ... Read the full article
China shielded from immediate supply shock despite Middle East tensions: Coface
14th May 2026
Trade credit insurance specialist Coface says China has so far avoided major supply disruption linked to ongoing tensions in the Middle East, although mounting energy costs are creating fresh pressure across the country’s industrial sector. In a new analysis, Coface states that China is in a stronger position than many other ... Read the full article
Economic policy risks eclipse conflict concerns in WTW’s latest survey
12th May 2026
Willis, a WTW business, has released its 2026 Political Risk Survey, highlighting that risks driven by economic policy continue to outweigh those stemming from international conflict, despite the survey being issued as conflict in the Middle East escalated. According to Willis, respondents selected tariffs over international violent conflict as a top ... Read the full article
Aon says Middle East conflict is reshaping risk, insurance and supply chains
8th May 2026
Aon, the global professional services firm specialising in risk, retirement and health solutions, has outlined how the ongoing conflict in the Middle East is continuing to affect insurance markets, supply chains, political risk and workforce planning for businesses operating internationally. During a webinar hosted by Aon on the 7th May titled ... Read the full article
Willis report warns Middle East tensions and AI infrastructure growth are reshaping insurance risks
8th May 2026
Willis, the risk advisory and insurance broking division of WTW, has published its latest Insurance Marketplace Realities report, examining how geopolitical tensions and the continued expansion of digital infrastructure are influencing the global insurance sector. In the report, Willis said political risk is becoming a broader concern across international markets, with ... Read the full article
Swiss Re strengthens reserves by $400m for inflationary impacts of Middle East war
7th May 2026
Anders Malmström, Group CFO of Swiss Re, one of Europe's big four reinsurance companies, said this morning that the company set aside roughly $400 million in additional reserves in the first quarter of 2026 for potential inflationary impacts of the ongoing conflict in the Middle East. During a call with the ... Read the full article
Lancashire underweight in Middle East, sees opportunities in PV market: CEO & CUO
1st May 2026
Within the political violence (PV) market, executives at Bermuda-based insurer and reinsurer Lancashire said they expect claims that come through the system from the conflict in the Middle East to exceed premiums, while noting that the firm’s exposure to the region is limited and that it sees opportunities to selectively ... Read the full article
McGill and Partners announces coverage for aviation spares against war perils
27th April 2026
Global specialty insurance and reinsurance broker McGill and Partners has expanded its aviation insurance solutions to offer protection to aviation spares against war perils while on the ground. The broker is providing this coverage in tandem with certain carriers in the London market, intending to fill a "crucial" coverage gap in ... Read the full article
Arctic maritimes routes see growing interest, though commercial potential remains limited: Coface
22nd April 2026
With the conflict in the Middle East and the blockade of the Strait of Hormuz disrupting global trade, a new study from Coface has highlighted that Arctic routes are attracting growing interest as potential alternatives. However, the firm has suggested that the commercial potential of Arctic routes will "remain limited" ... Read the full article
Shipowners urged to reassess war risk cover as claims expand beyond high-risk zones: The London P&I Club
17th April 2026
The London P&I Club, a provider of marine liability insurance, has advised shipowners and brokers to place greater emphasis on the scope of their war risk cover, rather than focusing primarily on price, as claims increasingly arise from incidents outside traditional high-risk zones. According to Ben McKeith, Senior Underwriter at the ... Read the full article
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