Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormuz March 11, 2026 By Alexandre Rajbhandari and Loukia Gyftopoulou The firm will underwrite and issue policies as part of the Trump administration's initiative to offer maritime reinsurance. Other insurers...
Reinsurers Triple Ship Insurance Costs After US Torpedo Attack March 6, 2026 By Mihir Mishra and Saikat Das London-based ship reinsurers are canceling coverage and demanding 200% more to reinstate policies, after a U.S. sub sank an Iranian...
Lloyd’s Market Engaging With US on Gulf Maritime Plan, Officials Say March 5, 2026 By Jonathan Saul and Lisa Baertlein The Lloyd's of London market is engaging with the U.S. government over a plan to provide political risk insurance and...
Trump Says US Will Escort, Insure Oil Tankers Amid the Iran War March 4, 2026 By Jennifer A. Dlouhy, Ben Bartenstein and Ari Natter President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers...
‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War March 3, 2026 By Laura Curtis The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan”...
Shipping CEO Says 10% of Global Container Fleet Caught in Hormuz Backup March 3, 2026 By Lisa Baertlein Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and...
Insurance Clubs to Halt Ship War-Risk Cover in Persian Gulf March 2, 2026 By Weilun Soon, Alex Longley and Leonard Kehnscherper While cover for vessels is available from other providers, several market participants said costs for that had increased by at...
Surging Oil Tanker Insurance Points to Growing Black Sea Chaos January 14, 2026 By Alex Longley The cost of insuring ships sailing through the Black Sea is surging again, as spiraling attacks on vessels underscore the...
War Insurance Costs Spiking for Ship Owners as Black Sea Threats Grow December 4, 2025 By Jonathan Saul War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the...
Barge Looted in the Bahamas Returns to Florida but Insurance Claims Mounting December 1, 2025 A barge carrying 192 shipping containers that ran aground in the Bahamas and was quickly looted has returned to Jacksonville,...