The situation around the Strait of Hormuz seems to change every day, but for insurers the risk has not moved in step
Bryony Garlick Apr 10, 2026
Gulf chaos has closed the Strait of Hormuz twice – and only one of those closures is anywhere near resolved
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
Capacity remains in place, but fast-moving pricing and safety pressures are reshaping how cover is deployed across global shipping routes
Shipowners are seeking insurer input before fixing vessels, signalling a structural shift in how global coverage risk is managed
Investment returns drive overall performance
But Moody's flags potential multi-billion exposures as insurers juggle aggregation, shadow fleets and offshore energy risks
New consortium aims to satiate growing demand for coordinated capacity and tighter aggregation control in the Lloyd’s and London market
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