CB · News · 20260619N
Marine War Risk Facility
Chubb Ltd · 2026-06-19 · Importance 38 · Surprise 42 · In source text
Chubb is leading a Lloyd’s consortium providing marine war risk insurance for vessels and cargo transiting the Strait of Hormuz. The facility offers up to $200 million each for hull and protection-and-indemnity risks, plus dedicated cargo capacity, while broader reporting describes total consortium coverage of $400 million. Chubb CEO Evan Greenberg said transit security remains highly uncertain because of mines and a narrow safe shipping channel, creating a war-zone environment for commercial shipping.
Key facts
- Lloyd's has launched a new Chubb-led consortium to provide marine war risk insurance for vessels and cargo transiting the Strait of Hormuz offering up to $200 million each for hull, P&I risks, and dedicated cargo capacity. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Lloyd's has launched a new Chubb-led consortium to provide marine war risk insurance for vessels and cargo transiting the Strait of Hormuz… |
| liability | negative | probable | — | Lloyd's has launched a new Chubb-led consortium to provide marine war risk insurance for vessels and cargo transiting the Strait of Hormuz… |