The company has reported a 98.0% combined ratio, record free reserves and its best investment return in more than a decade
Josh Recamara May 15, 2026
Brokers, P&I executives and the Lloyd's Market Association have spent weeks pushing back against the narrative that marine insurers withdrew from the Strait of Hormuz
The definitional fault line running through the Strait of Hormuz crisis is not an abstraction - it is the difference between a paid claim and a coverage dispute, and it is already shaping how policies are being written and contested
Deal extends a fast-moving marine build-out
While the wider international group nursed losses, the mutual delivered a result that stands out from the pack
Documentation and timing are critical to avoid claims disputes around Strait of Hormuz disruption
Hire lands as the insurer builds out a Lloyd's consortium targeting one of shipping's most volatile chokepoints
Missing tests became an issue after resale
Rising war risk claims from incidents outside the traditional high-risk areas prompt a warning to shipowners and brokers
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