Ratings agency warns about the wider economic shock of the US-Israeli war against Iran, which has spread to the Gulf monarchies and the Strait of Hormuz, the effects of which may outweigh direct insured losses
Singapore appointment at QBE Re arriving from Aspen supports reinsurer’s expanding Asia strategy
Ford, Goh, Foster and Lam join as broker expands reinsurance platform in Asia
Collaboration could see AIG deploy up to $1.6bn of specialty capacity through broker’s platform
Uncertainties about provision of naval escorts and Iranian threats from mines, drones and missiles face the new marine re/insurance facility announced yesterday by the US International Development Finance Corporation
Missile and drone attacks in the Gulf are increasing tail risk for marine, aviation and political violence insurers, but disciplined underwriting and reinsurance protection mean large carriers are expected to absorb most losses, according to a new sector analysis
Political and military uncertainties remain for the US government backed facility aiming to restore maritime trade flows through Strait of Hormuz