Lloyd’s of London will keep providing cover for vessels moving through the Strait of Hormuz, even as shipowners pull back from the area. Patrick Tiernan, the Lloyd’s market chief executive, said ...

Marine insurers are considering a new name for notices of cancellation, the standard documents used to end or revise war-risk insurance terms. The proposal emerged after conflict in the Persian Gulf ...

When the container vessel Dali struck the Francis Scott Key Bridge in Baltimore in March 2024, early market reserves sat at $1.5 bn. That figure became the working assumption across much of the marine ...

Lloyd’s has welcomed a new market consortium built to provide extra marine war risk insurance capacity for vessels and cargo moving through the Strait of Hormuz. Chubb will lead the consortium as lead ...

Fitch Ratings points to the Iran conflict as a direct pressure point for the London market and global specialty insurers, where exposure sits across marine and aviation war cover, political violence, ...

The ongoing conflict in the Middle East has prompted many marine insurance underwriters to withdraw coverage for vessels with perceived links to the U.S., U.K., or Israel. According to David Osler, ...

Marine hull war underwriters are moving fast after U.S. and Israeli strikes on Iranian targets on February 28, 2026 and Tehran’s subsequent missile and drone response. According to Dylan Mortimer, ...

Insurance Business is a B2B trade publication in the insurance sector. Its focus is on a cross-section of the insurance industry with articles meant to drive thought leadership, provoke debate, and ...

Introducing the Global Reinsurance Media Ranking for 2026 (August). Drawing on extensive experience in building industry rankings and analytical research, Finance Media, an analytical holding company ...

Former Virginia insurance agent Thomas Hoyt pleaded guilty to wire fraud after diverting about $164,345 in client insurance premiums Deepfake hiring fraud and shadow AI use are testing cyber and crime ...

Robert Galtman is a senior director at Fitch Ratings, where he focuses on credit analysis, financial research, and sector evaluations for both public and private equity-owned companies. He joined ...

Jones Day said hackers breached the firm and accessed files tied to 10 clients. The cybercrime group Silent claimed responsibility and listed Jones Day on its extortion site. The group has built a ...