01:35 PM EDT, 03/11/2026 (MT Newswires) -- Chubb ( CB ) was named the lead insurer for the US International Development Finance Corp.'s $20 billion reinsurance plan aimed at resuming commercial shipping in the Persian Gulf, the agency said Wednesday.

Chubb ( CB ) will act as the main underwriter, issuing policies for eligible vessels, the DFC said.

"Chubb ( CB ) is proud to lead and manage this program in partnership with the United States Government and the U.S. International Development Finance Corporation," Chubb ( CB ) Chairman and Chief Executive Evan Greenberg said in a statement.

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