Willis Towers Watson

Company WTW

Last mentioned: 4d ago

Stories mentioning Willis Towers Watson 2

disruptions Bearish

Hormuz War-Risk Premiums Hit 6% of Hull Value; Shipping Traffic Halts

War-risk insurance for Strait of Hormuz transits has soared to up to 6% of a vessel’s hull value—$6M for a $100M tanker—while shipowners abandon transits. The effective closure of this critical chokepoint threatens to snarl global supply chains, raise logistics costs, and force carriers onto longer routes.

2 sources
market-trends Bearish

Hormuz Insurance Surges to 6% of Hull Value, Risking 20% of Global Oil Flows

War-risk cover for the Strait of Hormuz has leaped to as much as 6% of a vessel’s worth, reflecting heightened fears that a resurgent US-Iran conflict could choke off a chokepoint handling 20% of global oil trade. The sudden risk repricing casts a shadow over energy supply security and could accelerate calls for energy diversification.

2 sources