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War & Conflict1h 59m ago
Lloyd’s of London and Chubb launched a $400 million marine war-risk insurance facility to support vessels and cargo transiting the Strait of Hormuz.
Strait of Hormuz
Who
Lloyd’s of London, Chubb, participating Lloyd’s syndicates, specialist market partners
What
Lloyd’s of London and Chubb launched a $400 million marine war-risk insurance facility to support vessels and cargo transiting the Strait of Hormuz.
When
Fri, 19 Jun 2026 16:00:00 GMT · 1h 59m ago
Where
Strait of Hormuz ·
Why
The facility was launched following a preliminary U.S.-Iran peace agreement to help vessels and cargo safely resume transit through the Strait of Hormuz.
The Frontline Impact
How this affects you
The new facility provides up to $400 million in capacity for hull, protection and indemnity, and cargo risks, aiming to support the resilience of marine supply chains and global commerce in the Strait of Hormuz.
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