International
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say
President Donald Trump says the U.S. will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — ...
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships in Gulf
The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance ...
London Marine Insurers Widen High-Risk Zone in Mideast Gulf as Conflict Escalates
London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday. Guidance from the ...
Iran War Poses New Risk to U.S. Economic Resilience
A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump's decision to launch open-ended ...
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates
Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers damaged, a seafarer killed and ...
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best
Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents ...
Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that's unlike anything he's seen before. John Seo, managing director and ...
World’s Growing Civil Unrest Has an Insurance Sting
A category of insurance risk that hardly existed a little over a decade ago has morphed into a meaningful source of losses for the industry. Claims tied to SRCC — strikes, riots and civil commotion ...