War Risk Cover Pulled in Strait of Hormuz, Hippo Turns Profitable, Aon Tests Stablecoin Premiums | FS Brew News
Vidya and Renjit discuss insurance developments amid the Iran–Israel–US conflict, noting major insurers have withdrawn war risk cover for ships in the Strait of Hormuz and Persian Gulf, pushing premiums from about 0.2–0.25% of vessel value to 1% or more and threatening fuel prices and supply chains as a major share of global oil transits the strait. They cover Hippo Insurance’s first full-year net profit ($58m) on $1.1bn gross written premium (up 24%) with 2026 guidance of $1.4–$1.5bn, and Aon’s proof of concept for paying premiums with stablecoins (USDC on Ethereum and PYUSD on Solana) to compress settlement times to minutes. They also cite S&P maintaining GCC insurers’ credit conditions as stable due to strong capital buffers, discuss war clause wording and possible cyber impacts, and highlight India’s newly licensed digital-first Kiwi Insurance backed by WestBridge and ex–Tata AIG leaders targeting motor, health, property, SME and commercial lines.
00:00 Conflict Sets the Stage
00:52 Hippo Turns Profitable
02:35 Aon Tests Stablecoins
03:57 War Risk Cover Pulled
05:48 S&P Sees GCC Stability
06:41 Cyber and War Exclusions
08:25 India’s Kiwi Insurance
10:54 Wrap Up and Subscribe
Renjit Philip:
Consulting: https://linktr.ee/futureustrategygroup/
Newsletter: https://www.onemorethinginai.com
Work: https://www.futureu.co
Socials:
Twitter / X: @renjitphilip
LinkedIn:
https://www.linkedin.com/in/renjit-philip
Vidya Veerapandian:
https://www.linkedin.com/in/vidya-veerapandian/
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