Chubb Tapped for U.S. Gulf Reinsurance as Buffett’s $11B Bet Pays Off
Chubb has been selected as the lead underwriter for a U.S. government-backed marine reinsurance program to secure commercial shipping in the Strait of Hormuz. The move highlights the strategic value of Berkshire Hathaway's $11 billion stake in the insurer amid rising geopolitical tensions and volatile energy markets.