NYSE:CBInsurance
US-Backed Hormuz Shipping Reinsurance Backstop Could Be A Game Changer For Chubb (CB)
Earlier in March 2026, Chubb Limited agreed to act as lead underwriter for a US government-backed maritime reinsurance program providing up to US$20.00 billion of rolling coverage for vessels transiting the conflict-affected Strait of Hormuz, aiming to restore shipping activity disrupted by war risk insurance withdrawals.
This move underscores Chubb’s role as a key risk carrier for critical global trade routes and highlights the company’s operational capacity, balance sheet strength, and...