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War & Conflict2h 3m ago
Lloyd’s of London and Chubb launched a new $400m war-risk facility to provide marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz.
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Strait of Hormuz
Who
Lloyd's of London, Chubb
What
Lloyd’s of London and Chubb launched a new $400m war-risk facility to provide marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz.
When
Fri, 19 Jun 2026 09:10:36 GMT · 2h 3m ago
Where
Strait of Hormuz ·
Why
The facility was launched to break the Strait of Hormuz logjam and support marine supply chains following a peace deal between the US and Iran.
The Frontline Impact
How this affects you
The new facility provides $400m in war risk insurance capacity, facilitating the transit of vessels and cargo through the Strait of Hormuz, which transports the majority of the world’s oil and gas, aiming to stabilize global commerce and energy markets.
Story chain
1 event in this threadNo related history yet - this is the origin event.