Strait of Hormuz crisis: Why the biggest opportunity in marine war insurance lies ahead
The Strait of Hormuz has been closed, mined, contested and partially reopened since February. War risk premiums surged from 0.125%…
Tag: Hormuz
Strait of Hormuz signals new maritime order, Allianz warns
The claims tail may prove to be long. Even before the conflict, the International Union of Marine Insurance (IUMI) projected average…
Iran’s insurance gambit in the Strait of Hormuz is a claim waiting to happen
During the 60-day window, the insurance is free — no payment changes hands, and the sanctions exposure is arguably manageable.…
Multiple vessels hit or destroyed, UAE port hit as US and Iran trade fire in Hormuz
Cooper was careful to reframe the nature of the American operation on Monday. There are no ship-by-ship “escorts,” he said…