London Reinsurers

industry

Last mentioned: Mar 6, 2026

Timeline

  1. Coverage Expiration

    Deadline for existing war-risk policies to lapse unless renegotiated at higher rates.

  2. Kinetic Engagement

    US submarine torpedoes Iranian warship off the coast of Sri Lanka.

  3. Insurance Shock

    London reinsurers begin issuing 7-day war-risk cancellation notices.

Stories mentioning London Reinsurers 1

markets Bearish

Global Shipping Braces for Crisis as Reinsurers Cancel War-Risk Cover

The global maritime insurance market has entered a state of emergency following a direct military engagement between US and Iranian forces off the coast of Sri Lanka. London-based reinsurers are issuing seven-day cancellation notices, a move that threatens to disrupt critical trade routes and send shipping costs soaring.

2 sources