Marking its 60th anniversary this year, the company reported its most recent cumulative insured business exceeding HK$2.45 trillion (US$313bn), encompassing over 200 markets globally.
The trade credit insurer is rolling out liquidity aid, faster claims handling, and counterparty diversification support for firms exposed to markets around the Strait of Hormuz and Israel.
War-risk terms have tightened across shipping and aviation, with P&I clubs cutting Gulf liability limits and insurers reassessing cover amid route disruption.
Chubb's selection marks a key operational step, but fresh attacks on vessels leave lingering questions over the facility's ability to restore near-normal shipping flows.
Insurance Authority says the five-insurer facility, which covers 10 mainland-owned vessels, draws on local market familiarity with Chinese shipping groups to deliver more tailored underwriting than London...
Most regional holdings are investment-grade, with roughly 98% rated ‘A’ or higher, helping limit potential credit risks despite market volatility linked to the ongoing conflict.
Government officials have reportedly begun talks with US officials to secure political risk insurance and financial guarantees for vessels carrying oil and gas from the Middle East.
Ping An’s emergency response unit issued 59 risk alerts and 23 analysis reports on Middle East tensions, responding to 52 customer enquiries since January.
