MICHEL DARCY

War in the Gulf in 2026 is a defining event for political violence. Underwriters face unprecedented claims activity, with individual Iranian missile and drone strikes accounting for hundreds of millions of dollars in damage, together representing more insured financial loss in just a few weeks than several years of the Russo-Ukrainian war. This roundtable will explore how perceptions of the threat environment have shifted in the GCC. Panellists will also consider the possible market response, the situation once the current crisis subsides, including whether demand for cover could expand, and whether recent claims experience signals a turning point at forthcoming renewals.