Insurers Roll Out $400 Million War-Risk Facility for Hormuz Shipping

Insurers Roll Out $400 Million War-Risk Facility for Hormuz Shipping

The world’s largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility. Lloyd’s of London has launched a new market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. Insurer Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist market partners, to bring together u…

Hormuz Has Reopened, But Global Shipping And Energy Markets Remain Cautious

Oil prices have fallen following the U.S.-Iran agreement and the reopening of the Strait of Hormuz, but shipping companies, insurers and traders warn that supply chains may take weeks to fully recover.

Chubb turns to London after failure of $40bn Strait of Hormuz insurance project

Lloyd’s of London and Chubb announce much smaller facility to get shipping moving again through key waterway

Lloyd’s and Chubb unlock $400m to jumpstart Strait of Hormuz shipping

The world’s largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility. Lloyd’s of London has launched a new market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. Insurer Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist market partners, to bring together u…

Lloyd’s unveils Chubb-led war risk insurance facility for vessels in Strait of Hormuz

Lloyd’s has launched a new market consortium with Chubb as lead underwriter, supported by participating Lloyd’s syndicates and specialist partners, to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. According to an official announcement from Lloyd’s, the consortium brings together leading underwriting expertise and additional market capacity to support brokers and clients operating in …