Gulf chaos has closed the Strait of Hormuz twice – and only one of those closures is anywhere near resolved
Stephen Owens Apr 10, 2026
New technical bulletins highlight how escalating incidents around the Strait of Hormuz are driving up environmental exposures
Closure raises concerns for marine insurers and global shipping
But Moody's flags potential multi-billion exposures as insurers juggle aggregation, shadow fleets and offshore energy risks
As Canberra scrambles to keep fuel moving, brokers are hearing a sharper message from clients in transport, farming and marine
Attacks on boxships, terminated voyages and ad hoc discharges are driving congestion
Insurers, P&I clubs and brokers are forced to confront hard limits on insurability
Beyond direct damage, insurers are now being pulled into a broader loss landscape shaped by disrupted shipping lanes, rerouted aircraft and cancellations
The insurer will act as lead underwriter for a DFC reinsurance scheme backing as much as US$20 billion in war-related losses
A broker playbook for spotting water exposures
