Reinsurance News
Middle East Conflict
Prolonged Middle East conflict could stretch re/insurers’ loss exposure despite exclusions
23rd March 2026
A new report from Autonomous has suggested that direct insurance losses should remain relatively contained due to standard war and terror exclusions in many contracts, though the longer the conflict persists, and potentially expands, the greater the tail risk of events that could seep into losses for the re/insurance industry. Since ... Read the full article
Chubb reveals structure of DFC’s $20bn Gulf Maritime Insurance Facility
20th March 2026
Global property and casualty insurer Chubb, who was recently announced as the lead underwriter for the U.S. International Development Finance Corporation's (DFC) $20 billion Gulf maritime reinsurance plan, has now outlined the structure and scope of the facility. The DFC and the U.S. Treasury unveiled the plan to deploy maritime ... Read the full article
Indian gov mulls establishment of war-risk fund for ships passing through conflict-hit waters, says report
19th March 2026
The Indian government is planning to set up a fund dedicated to supporting insurers providing war-risk cover for ships to and from the country which are travelling through conflict-hit waters in West Asia, according to a report by the Economic Times of India, citing people familiar with discussions. The Middle East ... Read the full article
GCC insurers’ credit conditions hold steady amid Middle East conflict: S&P
18th March 2026
S&P Global Ratings, the international credit rating agency, has stated that insurers across the Gulf Cooperation Council (GCC) are likely to maintain stable credit conditions despite the ongoing conflict in the Middle East. The agency underscores that its assessment is shaped by considerable uncertainty regarding how long the conflict will last ... Read the full article
Prolonged Middle East tensions may heighten volatility in terrorism and political violence coverage
18th March 2026
While acknowledging that the re/insurance industry remains well-positioned to absorb moderate losses from terrorism and political violence due to strong capitalisation and diversified underwriting portfolios, Morningstar DBRS has warned that prolonged geopolitical and military tensions in the Middle East could increase underwriting volatility, tighten reinsurance terms, and prompt more selective ... Read the full article
Overall softening trend to likely remain despite Middle East turmoil: Morningstar DBRS
17th March 2026
While the ongoing Middle East conflict is likely to produce "temporary and localised" price spikes within certain specialty reinsurance lines, the overall softening trend will likely remain unless loss patterns are significantly reshaped, discouraging capital deployment, Morningstar DBRS has suggested. A new report from the agency noted that in 2025, its ... Read the full article
London market and global specialty insurers most directly exposed to Iran conflict: Fitch
17th March 2026
The ongoing Iran conflict is expected to most directly affect the London market and global specialty insurers, given their direct exposure to marine/aviation war, political violence, trade credit and energy lines, according to credit ratings agency, Fitch Ratings. Analysts at Fitch have warned that a prolonged conflict in the Middle East ... Read the full article
Escalating Middle East conflict may trigger risk repricing in reinsurance: AM Best
16th March 2026
A new AM Best report has warned that if the ongoing Middle East conflict continues or escalates, reinsurers may need to reassess their risk exposure, with renewals becoming a critical inflection point for the sector in regional markets. According to the rating agency, this could lead to higher pricing on commercial risks, ... Read the full article
Withdrawal of Persian Gulf war risk cover viewed as credit negative for exposed US marine insurers: Fitch
13th March 2026
Fitch Ratings, the international credit rating agency, said the withdrawal of hull war risk marine insurance coverage in the Persian Gulf is expected to be credit negative for US property and casualty insurers with significant exposure to Gulf shipping routes. Fitch notes that the move is likely to have broadly neutral ... Read the full article
Losses to global reinsurance market from Middle East conflict limited for now: AM Best
13th March 2026
AM Best has suggested that losses to the global reinsurance market from the ongoing conflict in the Middle East are limited so far, and would typically take the form of single large losses. AM Best's report noted that war risks are commonly excluded from policies but are offered as riders on ... Read the full article
Specialty re/insurers face increased loss risk from prolonged Iran conflict: Moody’s
12th March 2026
A new Moody’s report has warned that the ongoing conflict involving Iran has heightened tail risk for specialty insurers and reinsurers, namely those underwriting complex exposures such as marine war‑risk, aviation and political violence, by increasing the probability of large, concentrated claims if hostilities persist or escalate. The rating agency's "baseline ... Read the full article
Middle East war exposure likely in specialty lines, but nothing major in actual losses yet, says Hannover Re
12th March 2026
Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, said this morning that the reinsurer is expecting losses from the ongoing conflict in the Middle East in its specialty reinsurance book, although so far there's a lack of any noticeable reported losses. Given the live and ... Read the full article
Heightened risk of severe cyberattacks amid Middle East conflict: S&P
12th March 2026
According to S&P Global Ratings, cyber-risk analytics firms have reported heightened activity by threat actors and affiliated hacktivist groups since the outbreak of the Middle East war, including distributed denial-of-service attacks, phishing campaigns and attempts to compromise corporate networks and critical infrastructure. With this in mind, the rating agency said there ... Read the full article
Chubb to serve as lead underwriter for DFC’s $20bn Maritime Reinsurance plan
12th March 2026
The U.S. International Development Finance Corporation (DFC) has revealed that Chubb will serve as the lead partner for its $20 billion Maritime Reinsurance Plan, aimed at restoring commercial shipping in the Gulf and helping to restart energy and trade flows through the Strait of Hormuz. DFC's reinsurance facility, announced earlier ... Read the full article
Aon is seeing risk repriced in real time as Middle East conflict cuts across many insurance lines, say experts
11th March 2026
Leaders at global insurance and reinsurance broking group Aon have shared their observations and perspectives across numerous lines of insurance business as the conflict in the Middle East continues. Joe Peiser, CEO of Risk Capital for Aon, said that for many organisations the most significant exposures relate to disruption to ... Read the full article
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