Marsh, Aon in Talks With US on Insuring Tankers in Hormuz (1)

Marsh and Aon Plc, two of the world’s largest insurance brokers, are in talks with the US government on a plan to help insure tankers navigating the Strait of Hormuz energy chokepoint.

President Donald Trump said on Tuesday the US International Development Finance Corporation would offer insurance “at a very reasonable price” to help ensure the flow of energy and other commercial trade in the Gulf.

“We have spoken with the DFC earlier today and offered our assistance with the potential facility,” said Marcus Baker, global head of marine and cargo at Marsh. He added that it ...