Middle East conflict – (Re)in Asia

Features and key stories

Large cargo ship navigating the Strait of Hormuz with containers onboard.

Large cargo ship with blue upper hull and red bottom balanced on a thick rope, flags of Iran and the United States at each end, conveying geopolitical tension.

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Hormuz war-risk rates climb again after brief easing in June

Renewed strikes on vessels have lifted Hormuz war-risk rates to around 2% to 4% of hull value, though they remain below March's highs.

Some insurers ease Hormuz rates on US-Iran deal hopes, but pre-war pricing hinges on stability

Early cuts of up to 40% have surfaced, though pricing stays patchy and a history of broken ceasefires leaves many insurers reluctant to move fast.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Korea launches marine war-risk pool for ships in the Strait of Hormuz

The KRW300bn (US$197.5m) facility aims to ease costs and secure cover for smaller Korean shipping firms exposed to heightened Middle East risks.

India rolls out war risk cover under US$1.5bn Bharat Maritime Insurance Pool

Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.

Business continuity is under pressure in a fragmenting APAC, says Coface’s regional CEO

Trade credit risk is becoming harder to read in Asia-Pacific, as supply chains fragment and payment delays lengthen.

India approves US$1.4bn Bharat Maritime Insurance Pool

Sovereign-backed scheme aims to cut reliance on foreign insurers and build domestic marine underwriting expertise.

DFC adds six new insurers to Gulf maritime facility, doubles capacity to US$40bn

Liberty, Berkshire, AIG, Starr, Travelers, and CNA join the facility, while Chubb retains its role as lead underwriter.

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.

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.

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.

Middle East tensions put aviation insurers on alert

Underwriters assess exposures and policy implications as geopolitical volatility threatens aircraft.

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.

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.