Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
US Expands Reinsurance Program to USD40 Billion to Facilitate Resumption of Shipping in Strait of Hormuz
Recommend 2 Positive 1 Negative 3 |
||||
|
||||
|
The United States announced that it will double the size of its reinsurance coverage for vessels willing to transit the Strait of Hormuz to USD40 billion, aiming to reduce shipping risks and facilitate the resumption of traffic. The U.S. International Development Finance Corporation (DFC) unveiled a USD20 billion reinsurance program last month. The agency said on Friday that AIG (AIG.US), Berkshire Hathaway (BRK.B.US), Travelers (TRV.US), Liberty Mutual, Starr and CNA Financial (CNA.US), together with Chubb (CB.US), will jointly provide an additional USD20 billion in reinsurance support. (me/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
