The Network · 2026-04-08 18:57:24 · Bloomberg Markets
A sudden surge in demand for maritime insurance is hitting the market as commercial shippers rush to move cargo through the Strait of Hormuz. Following the announcement of a US-Iran ceasefire deal, shipowners are flooding brokers with what one major firm describes as "huge volume requests" for specialized war risk cove...
The Network · 2026-04-10 22:52:29 · Bloomberg Markets
When conflict with Iran escalated, the immediate pressure point for global trade wasn't a warship, but an insurance policy. Marine insurers began canceling war risk coverage for vessels transiting the critical Strait of Hormuz, sending premiums surging and threatening to freeze maritime traffic. This abrupt market reac...
The Network · 2026-04-20 07:52:41 · Bloomberg Markets
India is moving to secure its energy supply chains by authorizing additional Russian insurers to cover vessels docking at its ports, a direct response to the mounting disruption of oil shipments through the Strait of Hormuz. The strategic waterway's closure, stemming from the Iran conflict, is severely impacting crude ...