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Marine, aviation and transport

Strategic risks that hit marine, aviation and transport: hull, cargo, P&I, ports, aviation, space.

ARGUS’S READING Steady · Hormuz reporting sustains concern over war cover, but the vessel-loss headline alone does not establish broader portfolio deterioration.

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Risk & Catastrophe

Crude tanker MT ST 3 struck in the Strait of Hormuz as a second Singapore container ship is damaged

India's shipping minister said on 16 October that a projectile struck the crude oil tanker MT ST 3 in the Strait of Hormuz, and that its 15 Indian crew are safe. Singapore's maritime authority said that a projectile damaged the container ship GFS Giselle on 14 October, one day after the strike on GFS Pride, which later sank. Brokers quote war-risk premiums of 6% to 10% of hull value for tankers.

17 Oct 2026, 09:45 GST16 Oct 20262 min read

28 Oct 2026Middle East Insurance ReviewGeopolitics, conflict and trade
NowClaims and pricing
Vessels' operating time in war-listed areas falls by 25% ↗
Lower vessel time in war-listed areas shifts marine war-risk exposure, which hull and cargo underwriters must reprice.
26 Oct 2026Insurance Business — GCCGeopolitics, conflict and trade
NowClaims and pricing
Hormuz vessel sinking hands marine war underwriters another total loss as attacks surge ↗
Hormuz attacks drive marine war total losses, straining war-risk underwriters' capacity and pricing.
22 Oct 2026Asia / Middle East Insurance ReviewGeopolitics, conflict and trade
NowClaims and pricing
GPS spoofing adds to maritime challenges in the Middle East ↗
GPS spoofing raises navigation risk for shipping in the Middle East, a marine exposure to price.
21 Oct 2026dowjones.comGeopolitics, conflict and trade
NowClaims and pricing
Dow Jones Energy Forum: With Strait of Hormuz Uncertainty 'New Normal,' Lloyd's and McDermott Executives Point to Market Innovation, Optionality ↗
Lasting Strait of Hormuz uncertainty keeps chokepoint transit risk and marine war cover in flux for shipping and energy.
20 Oct 2026Global ReinsuranceGeopolitics, conflict and trade
NowClaims and pricing
Exclusive: Yemeni Houthis send Saudi airspace warning to aviation insurers ↗
Houthi warning on Saudi airspace signals new war-risk exposure for aviation insurers.
20 Oct 2026Commercial RiskGeopolitics, conflict and trade
NowBusiness model
Japanese government to provide back-up marine cover for oil, oil products and LNG ↗
State backstop for oil and LNG shipping cover shows the private marine market may not absorb these risks alone.
18 Oct 2026Insurance Asia NewsGeopolitics, conflict and trade
NowClaims and pricing
Riyadh attacks test aviation insurers’ appetite for Middle East risk ↗
Houthi strikes on Riyadh airport raise war-risk exposure for aviation insurers, who must reprice Middle East aircraft cover.
17 Oct 2026lloydslist.comGeopolitics, conflict and trade
NowClaims and pricing
Strait of Hormuz crisis :: Lloyd's List ↗
Hormuz shipping crisis threatens marine war-risk pricing for tanker and cargo cover.
17 Oct 2026easternherald.comGeopolitics, conflict and trade
NowClaims and pricing
Shipping Insurance Rates Hit Record Highs as Hormuz Traffic Collapses ↗
Record shipping insurance rates as Hormuz traffic collapses signal sharply higher war-risk pricing for shipping.
16 Oct 2026Our briefGeopolitics, conflict and trade
NowClaims and pricing
Sinking of GFS Pride in Hormuz adds another total loss for marine war underwriters as brokers put tanker war premiums at 6% to 10% of hull value
Projectile strikes in Hormuz drive marine war losses and tanker war premiums of 6% to 10% of hull value.
16 Oct 2026Middle East Insurance ReviewGeopolitics, conflict and trade
NowClaims and pricing
Two Singapore-registered vessels struck in Strait of Hormuz, raising marine insurance risks ↗
Strikes on shipping in Hormuz raise war and marine exposure at a key chokepoint for marine insurers.
16 Oct 2026Middle East Insurance ReviewGeopolitics, conflict and trade
NowClaims and pricing
Japan plans state-backed marine insurance support for oil shipments ↗
State-backed oil-shipment cover shows private war-risk marine capacity may not be enough.
15 Oct 2026The National — insuranceGeopolitics, conflict and trade
NowClaims and pricing
Ship lost to fire and sinking in Strait of Hormuz amid reported cargo scramble ↗
Loss at Hormuz chokepoint signals rising marine exposure for hull and cargo underwriters in the Gulf.
14 Oct 2026Our briefGeopolitics, conflict and trade
1–3 yrsCapital
AM Best sees growth opportunities for MENA reinsurers as international reinsurers grow more selective
Prolonged Strait of Hormuz disruption would reach insurers via oil prices, supply chains and inflation, despite war exclusions.
13 Oct 2026Our briefGeopolitics, conflict and trade
NowClaims and pricing
Australia issues do-not-travel warning for Riyadh airport after Houthi strikes
Government travel warnings after Houthi strikes could leave travellers uncovered where policies exclude advice-linked claims.