The U.S. has seized the Venezuelan oil supertanker Skipper, now headed to Houston, highlighting increased geopolitical and regulatory challenges for maritime and energy insurance sectors.

In 2024, the global ocean hull insurance market grew 3.5% in premiums to $9.67 billion, with significant exposure from an aging fleet and new risks from alternative-fuel vessels and geopolitical tensions. Asia-Pacific made up 35% of premiums.