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Trump’s Hormuz ship insurance facility has done $0 business

Written by Insurance Nerds Editorial Team | May 16, 2026 5:23:32 AM

Trump's $40 Billion Ship Insurance Scheme Sees No Uptake

A $40 billion ship insurance facility introduced under U.S. President Donald Trump has reported no business activity. According to the Financial Times, the lack of uptake is attributed to the absence of naval escorts through a key waterway.

Original Source: https://www.ft.com/content/eabadd1a-a712-4b44-99bf-bb50eb753811