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Yahoo! Finance News source @ca.finance.yahoo.com Β· United States πŸ‡ΊπŸ‡ΈΒ· 2w

#MaritimeInsurance #GulfShipping #InternationalFinance

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Chubb to serve as lead US insurer for Gulf shipping amid Iran war
March 11 (Reuters) - Insurance giant Chubb will be the lead partner on the U. S. International Development Finance Corporation's $20 billion Maritime Reinsurance Plan aimed at resuming commercial shipping in the Gulf, the agency said on Wednesday.
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Yahoo! Finance News source @ca.finance.yahoo.com Β· United States πŸ‡ΊπŸ‡ΈΒ· 3w

#MaritimeInsurance #StraitOfHormuz #WarRisk

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Analysis-Maritime insurance premiums surge as Iran conflict widens
March 6 (Reuters) - As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.