GCC: War triggers war-risk policy cancellations and premium rates surges

Published on March 1, 2026
The war that broke out in the Gulf region, following US and Israeli strikes on Iran, has led insurers to cancel war risk covers and raise premiums for vessels sailing in the region and transiting the
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Berkshire Hathaway posts strong ’25 re/insurance result, expects to write less P&C business ‘for a period of time’

February 28, 2026
Berkshire Hathaway, the huge American multinational conglomerate holding company, cut premium written in its property and casualty (P&C) reinsurance business in 2025 as a result of increased competition and lower rates, as new CEO, Greg Abel, warns that the firm will continue to write less reinsurance premium so “long as these phases of the cycle endure”.Abel took over from Warren Buffett as CEO o

Australia: Consensus lacking on who pays for higher insurance premiums due to climate change

March 2, 2026
Australians are divided over who should pay for insurance premiums that are surging as a result of climate change, according to a new survey report by Charles Stuart University of Australia.