Middle East War: U.S. reinsurance program doubled to 40 billion USD

Chubb and six other U.S. insurers have committed to providing additional reinsurance capacity to the marine transport program led by the U.S. International Development Finance Corporation (DFC).

Launched in March 2026 by the U.S. to insure ships transiting the Strait of Hormuz amid the Middle East conflict, Chubb was named the lead partner for the 20 billion USD program.

Under this expansion, Chubb and its partners (Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA) will inject an additional 20 billion USD in capacity, bringing total coverage to 40 billion USD.

The program will primarily provide marine cargo insurance, including war risk coverage for hulls and cargo. Access to this coverage remains subject to compliance with eligibility criteria established by the authorities.