Chubb, Insurers Boost Strait of Hormuz Insurance Facility to $40B

Dow Jones04-04

By Nicholas G. Miller

Chubb and a group of other insurers are providing $20 billion in additional coverage to the U.S. International Development Finance Corporation's Maritime Reinsurance facility, bringing the facility's coverage to $40 billion.

Last month, Chubb was named the lead underwriter for the DFC's $20 billion facility to insure ships traveling through the Strait of Hormuz.

On Friday, the DFC said that Chubb plus six additional companies--Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA--would contribute an additional $20 billion in coverage.

The plan intends to "help restore maritime trade through the Strait of Hormuz, stabilize international commerce and support American and allied businesses operating in the Middle East during the conflict with Iran," the DFC said.

Chubb will manage the facility, determine pricing and terms, assume risk, issue policies and manage all claims.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 03, 2026 12:03 ET (16:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Chubb and a group of other insurers are providing $20 billion in additional coverage to the U.S. International Development Finance Corporation's Maritime Reinsurance facility, bringing the facility's coverage to $40 billion. \n</p>\n<p>\n  Last month, Chubb was named the lead underwriter for the DFC's $20 billion facility to insure ships traveling through the Strait of Hormuz. \n</p>\n<p>\n  On Friday, the DFC said that Chubb plus six additional companies--Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA--would contribute an additional $20 billion in coverage. \n</p>\n<p>\n  The plan intends to \"help restore maritime trade through the Strait of Hormuz, stabilize international commerce and support American and allied businesses operating in the Middle East during the conflict with Iran,\" the DFC said. \n</p>\n<p>\n  Chubb will manage the facility, determine pricing and terms, assume risk, issue policies and manage all claims. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. 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Miller \n\n\n \n\n\n  Chubb and a group of other insurers are providing $20 billion in additional coverage to the U.S. International Development Finance Corporation's Maritime Reinsurance facility, bringing the facility's coverage to $40 billion. \n\n\n  Last month, Chubb was named the lead underwriter for the DFC's $20 billion facility to insure ships traveling through the Strait of Hormuz. \n\n\n  On Friday, the DFC said that Chubb plus six additional companies--Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA--would contribute an additional $20 billion in coverage. \n\n\n  The plan intends to \"help restore maritime trade through the Strait of Hormuz, stabilize international commerce and support American and allied businesses operating in the Middle East during the conflict with Iran,\" the DFC said. \n\n\n  Chubb will manage the facility, determine pricing and terms, assume risk, issue policies and manage all claims. \n\n\n \n\n\n  Write to Nicholas G. 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