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DFC and Chubb reveal new partners for expanded Maritime Reinsurance plan
The DFC and Chubb have announced six new American insurance partners—Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA—for their expanded Maritime Reinsurance plan. These partners will contribute an additional $20 billion, increasing the total facility to $40 billion for War Marine Risk Insurance for Hull & Liability and Cargo. This initiative aims to stabilize international commerce, particularly through the Strait of Hormuz, and support U.S. and allied businesses in the Middle East.