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Chubb (CB) Launches $400 Million Hormuz War Risk Facility With Lloyd'sChubb (NYSE:CB) and Lloyd's of London have set up a $400 million marine war risk insurance facility. The facility focuses on vessels operating in the Strait of Hormuz, a key chokepoint for global oil shipping. The move responds to heightened geopolitical instability and security concerns in the region. For investors watching Chubb, this new facility highlights the company’s focus on specialty insurance lines that sit at the intersection of geopolitics and global trade. Marine war risk cover...