US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel…
Shippers Fear Death More Than Costs as US Aims to Open Hormuz
Shippers remain doubtful of a wholesale return to the Strait of Hormuz while it remains beset by conflict,…
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover
Chubb outlined the structure of the new $20 billion maritime reinsurance facility, created to provide marine war risk…
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War
Insurance giant Chubb will be the lead partner on the U.S. International Development Finance Corporation’s $20 billion Maritime…
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations
As the war in Iran grounds flights worldwide, hundreds of thousands of travelers scrambling to get home are…