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Wednesday, March 25, 2026
Middle east conflict rein asia

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Middle East conflict

Key stories

  • chubb-named-lead-underwriter-for-dfcs-us20bn-gulf-marine-reinsurance-facility
    Chubb named lead underwriter for DFC's US$20bn Gulf marine reinsurance facility
  • trumps-marine-insurance-plans-for-gulf-transit-raises-feasibility-questions-report
    Concerns surface on US government's Gulf shipping insurance plan
  • dfc-launches-us20bn-marine-reinsurance-facility-for-gulf-region
    DFC launches US$20bn Gulf maritime reinsurance facility
  • middle-east-tensions-put-aviation-insurers-on-alert
    Middle East tensions put aviation insurers on alert
  • the-fall-of-global-norms-prompts-underwriting-rethink-for-pv-insurers
    The fall of global norms prompts underwriting rethink for PV insurers
  • marine-insurers-rush-to-reprice-war-risk-cover-amid-us-israeli-strikes-on-iran
    Marine insurers rush to reprice war risk cover amid US-Israeli strikes on Iran

Latest from Middle East conflict

ping-an-weighs-trimming-us-exposure-as-middle-east-conflict-drives-market-volatility-report
Ping An weighs trimming US exposure as Middle East conflict drives market volatility — report
March 24 2026
war-risk-premiums-surge-for-charter-flights-to-gulf-amid-middle-east-conflict-report
War risk premiums surge for charter flights to Gulf amid Middle East conflict — report
March 23 2026
us-government-to-set-vessel-eligibility-criteria-for-gulf-marine-insurance-facility-chubb
US government to set vessel eligibility criteria for Gulf marine insurance facility — Chubb
March 23 2026
1 2 3 … 11

Middle East conflict timeline

marine-hull-insurers-to-raise-war-risk-rates-by-50-following-us-israel-strikes-report
02 March 2026
Marine insurers to raise war risk rates by up to 50% following US-Israel strikes on Iran — report
Brokers say war risk insurers are issuing cancellation notices and preparing to hike rates for vessels in the Gulf region.
marine-insurers-rush-to-reprice-war-risk-cover-amid-us-israeli-strikes-on-iran
03 March 2026
Marine insurers rush to reprice war risk cover amid US-Israeli strikes on Iran
Shipping firms face stricter underwriting terms and rising costs as marine insurers react to heightened conflict risk in the Gulf and surrounding waters.
ica-declares-middle-east-conflict-a-significant-event-as-travel-insurers-mobilise
03 March 2026
ICA declares Middle East conflict a Significant Event as travel insurers mobilise
Insurers have set up 24/7 hotlines and the ICA has set up a task force and is working with the government to track claims and support Australians affected by the conflict.
global-reinsurers-strong-capital-buffers-seen-cushioning-middle-east-conflict-risks-sp
03 March 2026
Global reinsurers' strong capital buffers to help cushion Middle East conflict impact: S&P
S&P Global said that the direct asset exposure of most of the top 19 global reinsurers to the region is not material.
the-fall-of-global-norms-prompts-underwriting-rethink-for-pv-insurers
04 March 2026
The fall of global norms prompts underwriting rethink for PV insurers
The disruption to the rules-based order, exemplified by new strikes on Iran, is creating fresh challenges and opportunities across APAC.
us-to-offer-political-risk-insurance-for-gulf-shipping-at-reasonable-price-says-president-trump
04 March 2026
US to offer political risk insurance for Gulf shipping at a 'very reasonable price', says President Trump
Amid repricing of war exposures by marine insurers globally, the US government has stepped in to offer state-backed political risk cover via DFC.
japanese-insurers-consider-widening-high-risk-shipping-zones-near-iran-conflict-report
05 March 2026
Japanese insurers consider widening high-risk shipping zones near Iran conflict — Report
Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and Sompo Japan are considering broadening their high-risk zones amid the escalating Middle East conflict.
south-korea-to-launch-24-hour-taskforce-to-monitor-middle-east-conflict-risks
05 March 2026
South Korean regulator to launch 24-hour task force to monitor Middle East conflict risks
South Korea’s financial authorities have pledged coordinated action, data exchange, and support measures in response to heightened geopolitical tensions in the Middle East.
ping-an-assists-corporate-clients-evacuate-from-middle-east-conflict-zones
05 March 2026
Ping An assists corporate clients to evacuate from Middle East conflict zones
Ping An’s emergency response unit issued 59 risk alerts and 23 analysis reports on Middle East tensions, responding to 52 customer enquiries since January.
rokstone-launches-singapore-mga-with-us25m-tokio-marine-kiln-capacity
06 March 2026
IUMI: War cover remains available for approved single voyage
Insurers are monitoring vessel accumulations and crew safety as more ships avoid high-risk Middle East waters.
middle-east-tensions-put-aviation-insurers-on-alert
06 March 2026
Middle East tensions put aviation insurers on alert
Underwriters assess exposures and policy implications as geopolitical volatility threatens aircraft.
india-explores-us-political-risk-cover-for-middle-east-energy-shipments-report
06 March 2026
India explores US political risk cover for Middle East energy shipments — Report
Government officials have reportedly begun talks with US officials to secure political risk insurance and financial guarantees for vessels carrying oil and gas from the Middle East.
lloyds-engages-with-us-over-gulf-shipping-insurance-plan-report
09 March 2026
Lloyd’s, LMA engage with US on guarantees for ships in Middle East amid rising tensions
Insurers and brokers are holding talks with US officials after President Trump directed DFC to provide political risk insurance for ships in the Gulf.
dfc-launches-us20bn-marine-reinsurance-facility-for-gulf-region
09 March 2026
DFC launches US$20bn Gulf maritime reinsurance facility
The new scheme aims to offset rising war-risk premiums and maintain trade flows through the Strait of Hormuz amid the conflict in the Middle East.
taiwan-life-insurers-potential-losses-from-middle-east-investments-manageable-sp-says
10 March 2026
Taiwan life insurers' potential losses from Middle East investments 'manageable', S&P says
Most regional holdings are investment-grade, with roughly 98% rated ‘A’ or higher, helping limit potential credit risks despite market volatility linked to the ongoing conflict.
trumps-marine-insurance-plans-for-gulf-transit-raises-feasibility-questions-report
10 March 2026
Concerns surface on US government's Gulf shipping insurance plan
Market participants flag that DIFC facility may lead to potential withdrawal of private insurers, while operational risks could continue to restrict vessel movements in the Strait of Hormuz.
hong-kong-offers-lowercost-marine-cover-for-chinese-vessels-in-gulf-report
11 March 2026
Hong Kong war-risk pool offers Chinese shipowners lower-cost Gulf cover — report
Insurance Authority says the five-insurer facility, which covers 10 mainland-owned vessels, draws on local market familiarity with Chinese shipping groups to deliver more tailored underwriting than London alternatives.
thai-and-japanese-vessels-hit-in-strait-of-hormuz-as-attacks-on-merchant-shipping-resume
12 March 2026
Thai, Japanese-flagged vessels hit in Strait of Hormuz as attacks on merchant shipping resume
The Mayuree Naree, ONE Majesty, and Star Gwyneth sustained projectile damage in separate incidents, but with all crew reportedly safe.
chubb-named-lead-underwriter-for-dfcs-us20bn-gulf-marine-reinsurance-facility
12 March 2026
Chubb named lead underwriter for DFC's US$20bn Gulf marine reinsurance facility
Chubb's selection marks a key operational step, but fresh attacks on vessels leave lingering questions over the facility's ability to restore near-normal shipping flows.
iran-conflict-raises-marine-and-aviation-tail-risk-but-losses-likely-contained-moodys
13 March 2026
Iran conflict raises marine and aviation tail risk, but losses likely contained — Moody’s
War-risk terms have tightened across shipping and aviation, with P&I clubs cutting Gulf liability limits and insurers reassessing cover amid route disruption.
japans-top-non-life-insurers-widen-ship-war-risk-areas-as-gulf-tensions-rise
13 March 2026
Tokio Marine, MS&AD and Sompo expand Gulf war-risk shipping areas amid Middle East escalation
Bahrain, Kuwait and Qatar have been added to listed waters under the insurers’ ship war-risk clauses.
k-sure-launches-emergency-task-force-to-support-exporters-amid-iran-crisis
13 March 2026
K-Sure launches emergency task force to support exporters amid Iran crisis
The trade credit insurer is rolling out liquidity aid, faster claims handling, and counterparty diversification support for firms exposed to markets around the Strait of Hormuz and Israel.
hkecic-holds-premiums-steady-amid-middle-east-uncertainty-report
13 March 2026
HKECIC holds premiums steady amid Middle East uncertainty — report
Marking its 60th anniversary this year, the company reported its most recent cumulative insured business exceeding HK$2.45 trillion (US$313bn), encompassing over 200 markets globally.
south-koreas-fss-urges-reinsurers-to-strengthen-risk-management-amid-middle-east-tensions
13 March 2026
South Korea’s FSS urges (re)insurers to strengthen risk management amid Middle East tensions
The financial watchdog has also asked non-life (re)insurers if they have adequate war-risk reinsurance for marine coverage near the Strait of Hormuz.
iran-conflict-poses-limited-near-term-ratings-risk-for-global-insurers-fitch-says
18 March 2026
Iran conflict poses limited near-term ratings risk for global insurers, Fitch says
Fitch has identified correlated aggregation risk as the key near-term concern for specialty insurers, even as the agency maintains a broadly contained ratings outlook.
iran-conflict-could-harden-reinsurance-market-raise-cover-costs-for-korean-insurers-kiri
18 March 2026
KIRI warns of potential for Middle East conflict to drive up war-risk and energy insurance costs
The institute said the fallout could stretch beyond underwriting, with currency swings, weaker risk assets and inflation concerns adding pressure to insurers’ balance sheets.
india-readies-state-backed-insurance-cover-for-exporters-amid-middle-east-crisis
18 March 2026
India readies state-backed insurance cover for exporters amid Middle East crisis
Details on India's state-backed insurance cover for vessels operating through the Gulf are expected this week.
indias-pi-club-proposal-in-focus-amid-middle-east-shipping-disruptions-report
19 March 2026
India's P&I club proposal in focus amid Middle East shipping disruptions — report
India's long-delayed plans for a domestic P&I club have gained fresh urgency as the Strait of Hormuz blockade disrupts the country's energy cargo flows.
aia-maintains-top-position-in-global-mdrt-rankings-for-eleventh-year-draft
19 March 2026
AIA posts 15% VONB growth, flags limited Iran war exposure
Group’s record 2025 results set the stage for a pivotal year ahead, as the pan-Asian life insurer bets on AI, expansion across China’s provinces, and deepening wealth partnerships.
india-launches-4-97bn-rupee-scheme-offering-risk-cover-to-exporters-amid-gulf-disruptions
20 March 2026
India launches insurance scheme to offer risk cover for exporters amid Gulf disruptions
4.97bn rupee (approx. US$53.5m) scheme sees India joins a growing list of governments mobilising state-backed insurance support in response to conflict.
us-government-to-set-vessel-eligibility-criteria-for-gulf-marine-insurance-facility-chubb
23 March 2026
US government to set vessel eligibility criteria for Gulf marine insurance facility — Chubb
Chubb said the consortium of American reinsurers for US$20bn facility will be disclosed "in the coming days."
war-risk-premiums-surge-for-charter-flights-to-gulf-amid-middle-east-conflict-report
23 March 2026
War risk premiums surge for charter flights to Gulf amid Middle East conflict — report
Charter flights into the Gulf continue to attract high war risk premiums, some even doubling the total cost, as commercial aviation gradually recovers across the region.
ping-an-weighs-trimming-us-exposure-as-middle-east-conflict-drives-market-volatility-report
24 March 2026
Ping An weighs trimming US exposure as Middle East conflict drives market volatility — report
Ping An's offshore arm CEO points to China as an attractive alternative as geopolitical uncertainty prompts rethink on the US investment strategy.