Insurance: Shipping
Commons · Question 117490 · Tabled 3 Mar 2026 · Treasury · Official record
Answered 11 Mar 2026
Question
Asked by Ben Obese-Jecty
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact on global reinsurance markets of war risk insurance coverage for the Strait of Hormuz being cancelled by marine insurers.
Answer
Answered by Lucy Rigby, 11 Mar 2026
The Treasury is in regular contact with the Bank of England, international counterparts, and affected industries, including our maritime sector. I recently met with Lloyd’s of London as part of the government’s ongoing work to monitor impacts from the unf...