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Stock impact report

US to deploy $20bn maritime reinsurance facility amid Iran conflict [Yahoo! Finance]

Arthur J. Gallagher & Co. (AJG) 
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ajg.com/investor-overview
Company Research Source: Yahoo! Finance
implementation strategy to provide maritime reinsurance that includes coverage for war risks in the Gulf region. The move follows approval from President Donald Trump. The initiative, developed in consultation with US Central Command (CENTCOM), is intended to support shipping operations and international trade amid ongoing tensions with Iran. Under the plan, the DFC will offer a reinsurance facility capable of covering losses totalling up to $20bn on a rolling basis. This scheme applies only to vessels that meet specific eligibility requirements. Initial coverage will prioritise hull and machinery and cargo insurance. Preferred US insurance partners have been identified to participate in the programme. Coordination between the DFC, the Treasury and CENTCOM will continue as the plan moves towards implementation. DFC CEO Ben Black said: “I am grateful to President Trump and Secretary Bessent for their support and approval of DFC's plan to restore confidence in maritime t Show less Read more
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