The world's largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility.

The world's largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility.

Lloyd’s of London and Chubb have launched a $400 million marine war-risk insurance facility to help vessels and cargo safely resume transit through the Strait of Hormuz following…