Chubb leads 20 billion dollar US maritime insurance plan
Chubb will lead a 20 billion dollar US plan to insure ships in the Gulf. The move follows attacks on merchant vessels that have halted traffic this Wednesday.
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Chubb Limited has been appointed as the lead partner for a $20 billion Maritime Reinsurance Plan launched by the United States International Development Finance Corporation (DFC). The strategic initiative is designed to facilitate the resumption of commercial shipping in the Gulf, where traffic has been severely restricted due to the intensifying conflict involving Israel.
