U.S. doubles reinsurance coverage for Strait of Hormuz to $40 billion

2026-04-04 by admin

According to a report by Jin10, on April 3, Deep Tide TechFlow reported that the United States has doubled its commitment to provide reinsurance guarantees for vessels willing to transit the Strait of Hormuz to $40 billion, and has introduced new insurance partners including American International Group and Berkshire Hathaway. The U.S. International Development Finance Corporation (DFC) announced a $20 billion reinsurance program last month. The agency stated today that Travelers Insurance, Liberty Mutual Insurance, Berkshire Hathaway, American International Group, Starr, and CNA will join Chubb Insurance in providing an additional $20 billion in reinsurance support for its maritime facilities. DFC CEO Ben Black said in a statement, “These leading U.S. insurers bring deep expertise in marine and war risk insurance underwriting, enhancing our efforts to restore confidence in maritime trade.” The agency also stated that it will work with its insurance partners to determine which vessels are eligible for reinsurance. To qualify, applicants must provide information including the vessel’s origin and destination, primary beneficial owners and their locations, cargo owners and their locations, as well as details of lenders financing the vessel.

深潮 TechFlow 消息，4 月 3 日，据 Coinmarketcap 数据，今日加密货币市值前 100 代币表现如下，涨幅前五：edgeX（EDGE）涨 40.35%，现价 0.988 美元；Algorand（ALGO）涨 11.16%，现价 0.12 美元；Render（RENDER）涨 7.58%，现价 1.92 美元；Quant（QNT）涨 6.34%，现价 75.94 美元；DeXe（DEXE）涨 5.07%，现价 8.17 美元。跌幅前五：Midnight（NIGHT）跌 6.84%，现价 0.04402 美元；Monero（XMR）跌 2.86%，现价 321.39 美元；JUST（JST）跌 2.41%，现价 0.06212 美元；Morpho（MORPHO）跌 1.80%，现价 1.49 美元；Kaspa（KAS）跌 1.51%，现价 0.03087 美元。

According to a report by Jin10, on April 3, Deep Tide TechFlow reported that the United States has doubled its commitment to provide reinsurance guarantees for vessels willing to transit the Strait of Hormuz to $40 billion, and has introduced new insurance partners including American International Group and Berkshire Hathaway. The U.S. International Development Finance Corporation (DFC) announced a $20 billion reinsurance program last month. The agency stated today that Travelers Insurance, Liberty Mutual Insurance, Berkshire Hathaway, American International Group, Starr, and CNA will join Chubb Insurance in providing an additional $20 billion in reinsurance support for its maritime facilities. DFC CEO Ben Black said in a statement, "These leading U.S. insurers bring deep expertise in marine and war risk insurance underwriting, enhancing our efforts to restore confidence in maritime trade." The agency also stated that it will work with its insurance partners to determine which vessels are eligible for reinsurance. To qualify, applicants must provide information including the vessel's origin and destination, primary beneficial owners and their locations, cargo owners and their locations, as well as details of lenders financing the vessel.

PANews reported on April 4th that, according to Axios, an Israeli official and another source familiar with the matter told Axios that one of the two crew members of a US fighter jet shot down over Iran has been found and rescued by US special forces, while the other is still being searched for. Iran is also searching for the two crew members and has appealed to local civilians to participate in the search. This is the first time a US warplane has been shot down by enemy fire since the start of the war. Sources said that both crew members ejected successfully after the F-15 fighter jet was hit by Iranian fire. US special forces have located one of the crew members inside Iran and rescued him alive. A senior Israeli official said Israel canceled its planned attack on Iran to avoid affecting search and rescue efforts.

PANews reported on April 3 that the United States has doubled its commitment to provide reinsurance guarantees for vessels willing to transit the Strait of Hormuz to $40 billion, and introduced new insurance partners including AIG and Berkshire Hathaway. The U.S. International Development Finance Corporation (DFC) announced a $20 billion reinsurance program last month. The agency said today that Travelers Insurance, Liberty Mutual, Berkshire Hathaway, AIG, Starr, and CNA will join Chubb Insurance to provide an additional $20 billion in reinsurance support for their maritime facilities. DFC CEO Ben Black stated in a press release, “These leading U.S. insurers bring extensive experience in maritime and maritime war insurance underwriting, enhancing our efforts to restore confidence in maritime trade.” The agency also stated that it will work with its insurance partners to determine which vessels are eligible for reinsurance. To qualify, applicants must provide information including the vessel’s place of origin and destination, the principal beneficial owner and their location, the cargo owner and their location, and information on the lenders financing the vessel.