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U.S. launches $20B reinsurance program for ships through Strait of Hormuz amid regional tensions.
The U.S. has launched a $20 billion maritime reinsurance facility, led by Chubb, to provide war risk coverage for ships through the Strait of Hormuz, including hull, liability, and cargo protection.
The program, backed by the DFC, aims to stabilize shipping amid regional tensions by offering insurance to vessels meeting U.S. standards, though specific transit conditions remain undisclosed.
Chubb manages underwriting and claims, while other U.S. insurers contribute reinsurance.
Despite the initiative, shipping activity remains low, and the program’s impact depends on actual participation and traffic.
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Estados Unidos lanza un programa de reaseguro de $ 20B para barcos a través del Estrecho de Ormuz en medio de tensiones regionales.