Was wondering, has anyone with strong market knowledge of oil and gas tanker insurance actually run the numbers on how far Trump’s proposed reinsurance program would actually go?
My thoughts are that it would not go far at all as Iran would immediately just start targeting every ranked trying to get through (as they already are), but now with the added incentive of burning US cash too.
Was wondering if anyone has actually ran the figures however.
Posted by Maustin_99
2 Comments
Looks like the Trump admin just saying what they think will calm down panicky speculators. Same goes for the G7 meeting. They can keep trying to control the narrative but eventually, people will look the new reality in the face.
As long as this war goes on, there will be no stability in the energy market. Everything else is just playing whack a mole with headlines. That’s how I see it anyway.
So I’m studying for my intro insurance exam right now and my understanding of reinsurance is that when insurers buy reinsurance they’re buying a policy to cover a percentage of the risk by giving up a percentage of the premium in order to balance assets and liabilities. That doesn’t make something that’s uninsurable suddenly insurable, so my intuition is that this is a meaningless platitude.