Chubb flies to Zurich the week it reveals Gulf maritime insurance details

Chubb’s Gulfstream G650ER, tail N846CB, touched down in Zurich at 17:23 local time on 20 May 2026 after a six-hour, 40-minute hop from Westchester County Airport in New York. The trip reunites Chairman and Chief Executive Officer Evan Greenberg with the company’s legal headquarters the same week the insurer disclosed the full structure of its $20 billion maritime reinsurance facility with the U.S. International Development Finance Corporation.

That facility, announced in March and detailed on 20 May per a PRNewswire release, offers war marine risk insurance for vessels transiting the Strait of Hormuz under U.S.-run military convoys. Greenberg told analysts on Chubb’s first-quarter earnings call in April that the programme is “in place” and would generate premium revenue “when conditions are such.” The Zurich visit, a routine quarterly pattern for the CEO, aligns with finalising the facility’s operational framework, designated U.S. insurers, and pricing decisions — real business that demands face-to-face decisions.

Chubb’s recurring destinations — London, New York, Washington, Hong Kong, San Francisco — reflect its global underwriting footprint. This westbound flight, following a shorter leg on 19 May from a New Jersey-area location, brings the CEO home to the boardroom where the Middle East risk strategy and the insurer’s softening property market response get their final review. The quarterly Zurich trip is the rhythm, but the strait-insurance program is this week’s news. [prnewswire.co.uk](https://www.prnewswire.co.uk/news-releases/chubb-details-structure-of-the-gulf-maritime-insurance-facility-with-dfc-302719967.html)