U.S. Establishes $20 Billion Reinsurance for Strait Shipping
The United States has launched a $20 billion government-backed maritime reinsurance programme to secure the uninterrupted movement of commercial vessels through the strategically vital Strait of Hormuz. The programme comes in response to escalating regional tensions and the growing risk of conflict-related incidents in the Persian Gulf, with American insurer Chubb designated as the lead […]
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