Marine and aviation insurers most exposed to Venezuela spillover risk: Morningstar DBRS

Geopolitical developments tied to Venezuela are sharpening tail risk for specialty insurers, particularly in marine, aviation and political risk, despite minimal direct exposure to the country

Marine and aviation insurers face the greatest spillover risks from the US’s recent intervention in Venezuela, as disruption to shipping lanes and airspace across the Caribbean increases underwriting volatility, Morningstar DBRS said.