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
Michael Wright says shifting trade routes are exposing hidden cargo risks, from rejected goods to CIF insurance gaps and rising cross-border crime
But Moody's flags potential multi-billion exposures as insurers juggle aggregation, shadow fleets and offshore energy risks
Attacks on boxships, terminated voyages and ad hoc discharges are driving congestion
The shift is spotlighting trucking and rail exposures across North America
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
WTW's Grant Williamson shares key insights for SMEs on managing cyber, supply chain and emerging risks
Climate, cyber and supply chain shocks are colliding, forcing Canadian firms to rethink how they understand and structure risk
As ESG rules diverge globally and AI accelerates faster than regulation, Marsh's Robyn Campbell outlines the risks set to define executive liability in the years ahead
