Specialist underwriting for marine cargo risks
Cargo insurance solutions
Cargo risk in a changing trade landscape
Global trade continues to grow in volume and complexity. Shifting supply chain structures, evolving transit routes, and the increasing value of goods in transit mean that cargo risks demand careful assessment and well-structured insurance solutions. Brokers placing cargo risks need an underwriting partner with the market knowledge to respond to both routine placements and complex, high-value consignments.
Munich Re Specialty provides specialist capacity for marine cargo risks across a broad range of commodities, trade routes, and logistical structures. We work with brokers to deliver well-structured solutions, backed by technical underwriting expertise and responsive claims handling, that support clients across the full journey of their goods.
Local expertise, global strength
Our teams operate from within the markets they serve, combining local expertise with the depth of a global organisation. When a loss occurs, our teams work closely with brokers and claims professionals to support an effective and technically informed response, helping clients recover as quickly as possible.
Our underwriting approach
Specialist appetite across cargo, stock throughput and logistics-related risks
Structured participations and carefully considered capacity
Disciplined underwriting aligned with trade flows and long-term performance
Close collaboration with brokers throughout the cargo lifecycle
Regional specialists
Why choose Munich Re Specialty?
Expertise
Deep specialist knowledge across complex and technical lines, with underwriters who engage directly with the detail of each risk. We focus on risks where underwriting judgement and technical depth truly add value.
Stability
Consistent capacity and long-term market commitment, underpinned by the financial strength of Munich Re Group. Our approach prioritises sustainability and continuity across underwriting cycles.
Partnership
Accessible, straightforward to work with, and focused on building lasting relationships with the brokers and clients we serve. We work as a long-term underwriting partner, not just a capacity provider.
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Frequently Asked Questions
What is cargo insurance?
Cargo insurance typically covers all risks of physical loss of or damage to goods during transit, imports, exports and domestic carriage, including any incidental storage. Storage outside the ordinary course of transit can be added as an extension to a cargo insurance policy.
Who needs cargo insurance?
Where cargo insurance is required by any business that manufactures or buys or sells finished products, components or raw materials.
What is stock throughput insurance?
Stock throughput insurance provides coverage for goods which go into a storage warehouse before onward distribution to the end customer. For a business involved in import, storage and distribution or which has a continuous flow of goods, a stock throughput insurance policy can offer:
Insurance coverage for inbound transits to the storage premises, whilst there, and subsequent delivery to the final customer.
Coverage at own- or third-party storage premises.
Cover for multiple transits between premises and to or from customers can be included.
Cover for the goods on site or at customer’s premises. We may be able to provide cover for stock at retail locations.
How does cargo insurance interact with freight liability cover?
Cargo insurance protects the owner of the goods against loss or damage. Freight liability insurance protects the carrier or freight forwarder against their legal liability to cargo owners for loss or damage that occurs while the goods are in their care. The two covers are complementary, and brokers will often place both for clients involved in international trade.
How do brokers approach Munich Re Specialty for cargo placements?
Munich Re Specialty works exclusively through brokers and intermediaries. Brokers can contact our underwriting teams directly to discuss a cargo risk or programme.
This page is for general informational purposes only and does not constitute an offer or solicitation of insurance. Product availability varies by market and is subject to underwriting acceptance.