Munich Re Underwriting Limited

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The Specie account effectively covers the transit and premises risk of any goods of a valuable nature. The coverage we provide may include:

  • Cash and all other associated money risks such as traveller’s cheques, currency, promissory notes, tax and other vouchers of a negotiable nature;
  • Other documents of high value such as share certificates, bonds and associated financial instruments;
  • All forms of diamonds and precious stones, including manufactured jewellery, watches, etc.
  • Precious and semi-precious metals in various stages of processing;
  • All aspects of the fine art industry, both private and commercial.

We insure the loss of the physical interest itself whilst in transit and in either temporary or permanent storage. This can be extended to cover damage to fixtures and fittings following an insured event. The main risks covered include loss caused by natural perils (fire, flood, windstorm, earthquake, etc.) together with theft or physical damage to the insured items.

In addition to these main perils, we can also offer additional coverage tailored to individual businesses, which include losses to goods whilst undergoing processing, infidelity, mysterious disappearance and defective title. With the exception of war on land or static terrorism risks, we can provide cover for the associated risks of war, strikes and terrorism in transit.


Syndicate 457 at Lloyd's, managed by Munich Re Syndicate Limited is authorised by Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.