Chubb set as main U.S. insurer for Persian Gulf shipping amid Iran war
Chubb(US:CB) CNBC Television·2026-03-11 17:54This comes from the US International Development Finance Corporation. They've just announced uh over the past couple of minutes uh that they have found a partner for that reinsurance program that the US government has been working on uh to ensure oil coming out of the straight of Hormuz. The US International Development Finance Corporation saying that CHUB will serve as the lead partner for the DFC's 20 billion maritime reinsurance plan that's designed, they say, to resume commercial shipping in the Gulf.Uh ...