{"id":39651,"date":"2026-03-27T09:19:34","date_gmt":"2026-03-27T09:19:34","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/39651\/"},"modified":"2026-03-27T09:19:34","modified_gmt":"2026-03-27T09:19:34","slug":"chubb-details-structure-of-the-gulf-maritime-insurance-facility-with-dfc-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/39651\/","title":{"rendered":"Chubb Details Structure of the Gulf Maritime Insurance Facility with DFC"},"content":{"rendered":"<p><a href=\"https:\/\/www.chubb.com\/uk-en\/\" rel=\"nofollow noopener\" target=\"_blank\">Chubb<\/a> (NYSE: CB), the world\u2019s largest publicly traded property and casualty insurer, outlined the structure and scope of the maritime insurance facility created in partnership with the U.S. Government through the U.S. International Development Finance Corporation (DFC), which on March 11 <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4645898-1&amp;h=2189638023&amp;u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4645898-1%26h%3D2004376453%26u%3Dhttps%253A%252F%252Fwww.dfc.gov%252Fmedia%252Fpress-releases%252Fdfc-announces-chubb-lead-insurance-partner-maritime-reinsurance-plan%26a%3Dannounced&amp;a=announced\" target=\"_blank\" rel=\"nofollow noopener\">announced<\/a>\u00a0Chubb as lead underwriter for its $20 billion Maritime Reinsurance plan.<\/p>\n<p>Details of the facility include:<\/p>\n<p>Commercial shipping plays a vital role in the global economy. To help restore market confidence and facilitate the world\u2019s critically important energy and commercial trade, the United States Government, through DFC, is partnering with Chubb to create a maritime insurance facility.<br \/>\nChubb, acting as lead underwriter, will manage the facility, determine pricing and terms, assume risk, and issue policies for eligible vessels and cargo. Chubb will also manage all claims.<br \/>\nDFC will help\u00a0coordinate the consortium of American reinsurers and set certain criteria for ships accessing the program.<br \/>\nThe initiative is a public-private partnership between DFC, Chubb and other name-brand American insurance companies who will act as reinsurers. Participating insurers bring deep underwriting experience in marine and marine war coverage.<br \/>\nThe facility will provide war marine risk insurance for hull &amp; liability as well as cargo. Coverage will be offered for war hull risk insurance, for war P&amp;I insurance and war cargo insurance.<br \/>\nThe offering will apply to vessels that meet eligibility criteria provided by the U.S. Government.<br \/>\nThis insurance will be available to ships transiting the Strait of Hormuz and only under certain conditions.<br \/>\nThe additional American insurance companies will be disclosed in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"Chubb (NYSE: CB), the world\u2019s largest publicly traded property and casualty insurer, outlined the structure and scope of&hellip;\n","protected":false},"author":2,"featured_media":39652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[23221,240,18458,23222,21252,23223,23224,18420,23225,23226],"class_list":{"0":"post-39651","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chubb","8":"tag-reinsurers","9":"tag-chubb","10":"tag-dfc","11":"tag-marine-risk-insurance","12":"tag-maritime-insurance","13":"tag-maritime-reinsurance-plan","14":"tag-property-and-casualty-insurer","15":"tag-u-s-international-development-finance-corporation","16":"tag-war-cargo-insurance","17":"tag-war-hull-risk-insurance"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116300399491682558","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/39651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=39651"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/39651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/39652"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=39651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=39651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=39651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}