Trump war risk insurance scheme doubles capacity to $40bn
- Big name insurers add their weight
- New participants include Travelers, Liberty Mutual, Berkshire Hathaway, AIG, Starr and CNA
- Public-private partnership ‘brings stability to maritime trade at a critical moment’, chief executive says
The US is doubling down on its reinsurance facility for Strait of Hormuz war risk policies despite widespread market indifference and no known users for the emergency facility
