Iran
Environmental and pollution liability risks escalate in Iran conflict
Crawford & Company has warned attacks on commercial vessels around the strait of Hormuz are leading to an increase in environmental and pollution liability risks for the marine insurance sector.
Consilium’s launch; Coversure’s office; QBE's hire
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Trump told insurance not main issue in Strait
Donald Trump’s offer of providing government-backed insurance to vessels travelling through the Strait of Hormuz following the outbreak of war in the region has been described as “limited”.
IPT expected to rake in nearly £60bn in next five years
The Office for Budget Responsibility has upgraded its five-year forecast for insurance premium tax forecast, revealing it’s set to take in £57.8bn in the next half-decade.
Iran conflict triggers Lloyd’s war risk review
The London market’s war risk specialists have expanded the geographical areas deemed at heightened risk of conflict following the US and Israeli attacks against Iran.
Iran missile strikes spark risk repricing
The joint assault by Israel and the United States against Iran have sent shockwaves through global insurance markets, triggering risk repricing and renewed scrutiny of accumulation exposure across marine, aviation and specialty lines.
Geopolitical instability and trade policy risk rocking marine insurance
Escalating geopolitical tensions, from conflict-driven shipping attacks and vessel detentions to sanctions, tariffs and the growth of shadow fleets, are reshaping global trade routes. Against this backdrop, Tim Evershed observes significantly heightened…
LMA chief calls for international collaboration to cover large losses
Sheila Cameron, CEO of the Lloyd’s Market Association, has called for the industry and global government bodies to collaborate more in order to fill the protection gap currently present for large, catastrophic risks.
Throwback Thursday: Oil slick unpicked; BSE liability
Insurance Post’s Throwback Thursday steps back in time to May 1990 to remind you what was going on this week in insurance history: an oil slick off the Devon coast and Commercial Union was feeling under the weather.
Impact of war in Ukraine on insurance
Two years on from Russia invading Ukraine, David Worsfold examines the ongoing impact of the war on global insurance markets.
Analysis: Protecting businesses against political risks
The political risk map of Europe is being changed by a toxic combination of uncertainty — both political and economic, populism, geopolitical changes, political violence and technological advances
Hiscox floats seized ship cover as Iran Gulf tensions threaten premiums
Hiscox has developed a product designed to protect shipping targeted by nation states amid warnings that escalating tensions between Iran and the UK and its allies could lead to higher insurance premiums.
Global floods cause $8bn damage in March alone
An estimated $8bn (£6.1bn) of damage was caused by floods around the world in March 2019, according to an Aon catastrophe report.