US EditionChubb Details Structure of the Gulf Maritime Insurance Facility with DFC
The $20 billion maritime war risk insurance facility, led by Chubb and backed by the U.S. Government, aims to support global trade amid limited private-market capacity.
- On Saturday, Chubb announced its role as lead underwriter for a $20 billion maritime insurance facility in partnership with the International Development Finance Corporation .
- The United States Government created this partnership to restore market confidence, applying coverage to vessels transiting the Strait of Hormuz under strict eligibility criteria.
- As lead underwriter, Chubb manages the facility, determines pricing, issues policies, and covers war hull risk, P&I, and cargo insurance.
- The DFC coordinates a consortium of American reinsurers, with a list of participating insurers to be disclosed in the coming days.
- Chubb operates in 54 countries and territories with approximately 45,000 employees, supporting the broad distribution and financial strength needed for the insurance facility.
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LoudounTimes.com
Chubb Details Structure of the Gulf Maritime Insurance Facility with DFC
NEW YORK, March 20, 2026 /PRNewswire/ -- Chubb (NYSE: CB), the world's largest publicly traded property and casualty insurer, today outlined the structure and scope of the maritime insurance facility created in partnership with the U.S. Government through the U.S.…
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Chubb reveals structure of DFC's $20bn Gulf Maritime Insurance Facility
Global property and casualty insurer Chubb, who was recently announced as the lead underwriter for the U.S. International Development Finance Corporation’s (DFC) $20 billion Gulf maritime reinsurance plan, has now outlined the structure and scope of the facility. The DFC and the U.S. Treasury unveiled the plan to deploy maritime reinsurance, including war risk, in the Gulf region, on March 9th. A few days later, Chubb was confirmed as the lead u…
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