Lloyd's of London on Hormuz: Insurance Market Is Open

Lloyd's of London Chief Executive Officer Patrick Tiernan discusses the implications of the current situation in the Middle East on insurance markets, with focus on the maritime war risks in the Strait of Hormuz. "The insurance market does continue to remain open and is continuing to quote for risks for both static vessels and for vessels who have taken the decision to transit the Strait of Hormuz," Tiernan tells Bloomberg Television.