#maritime-insurance

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#strait-of-hormuz #geopolitical-risk #government-backed-reinsurance #energy-markets #iran-conflict
Business
from24/7 Wall St.
2 days ago

Chubb CEO: Strait of Hormuz commerce 'vital' to global economy

Chubb leads a $20 billion U.S. government-backed maritime reinsurance program to restore commercial shipping through the Strait of Hormuz amid geopolitical conflict.
World news
fromwww.theguardian.com
1 week ago

Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping

Major maritime insurers cancelled war risk coverage for Gulf vessels after US-Israel airstrikes on Iran, causing shipping disruptions and freight costs to surge significantly.
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