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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, October 15, 2026

Lloyd’s Market Association moves to end cover for ships paying Iran’s Hormuz transit toll

New model wording excludes cover for transit-related payments and ends cover for the vessel where such a payment breaches sanctions or terrorism law.
Red and black tugboat with equipment on deck sails in calm sea, a distant pier visible on the horizon.

By 

July 24, 2026

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2 min read
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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