Chubb CEO details launch of new marine war risk consortium to protect Hormuz shipping

Chubb CEO Evan Greenberg announced the launch of a new marine war risk consortium to provide coverage and commercial certainty for vessels transiting the highly volatile Strait of Hormuz.

Chubb CEO Evan Greenberg detailed how the insurance giant is launching a new global marine war risk consortium to stabilize commercial shipping lines in the Strait of Hormuz as the U.S. military provides vital protection through the corridor.