Tariffs produce challenging environment, investment opportunities for the nimble 

• Tariffs increasing cost of claims, renewals more challenging
• Conservative portfolios tempting, but increased returns can be achieved 
• Trade credit insurance under wider consideration by captive owners 

President Donald Trump’s ongoing tariff saga has led to increasing uncertainty, inflationary pressures, and supply chain issues that are causing a headache for captives and insureds. 

On 2 April, as Trump referred to as “Liberation Day”, the United States introduced a package of import duties which have largely been in a state of fluctuation since.