Munich Re Specialty - Global Markets, Syndicate Asia

We provide cargo insurance for companies with a responsibility for transporting goods on either a domestic or global basis. Our team of underwriters work with clients to understand the risk and can tailor our product to suit the specific needs of your business. Classes of business we can consider include:

• Cargo whilst in the ordinary course of transit 
• Stock throughput 
• Cargo storage risk 
• Pre-launch  
• Project Cargo and Delay in Start Up

With a line size of up to USD 18m, our marine liability insurance offers bespoke risk solutions for a wide range of companies from small to medium-sized ones through to multinational corporations. We can consider coverage on: 

• Ship Repairers Liability

• Ports and Terminal Liability 

• Stevedores Liability

• Transport Operators Liability

• Marine Professional Indemnity 

Our renewable energy team can provide insurance solutions for property damage and associated delay in start-up business interruption risks in the renewable and clean power sector. Our solutions provide coverage for construction and operational exposures, with a particular focus on: 

• Wind (onshore and offshore)

• Solar photovoltaics (PV)

• Battery energy storage systems (BESS)

• USD 100m capacity, any one risk

We also look at solutions for established and emerging clean power technologies, such as:

• Geothermal (including operators’ extra expense)

• Biofuel

• Hydropower

• Carbon capture systems

• Hydrogen

Our Cyber team insure both the users and the providers of information technology via their Cyber and Technology PI products. The combined experience and knowledge of our specialists enables us to provide relevant products to a variety of industry sectors that include traditional purchasers of cyber insurance as well as emerging cyber and technology risks.

Coverage is available on a primary or excess basis.

The three core products we can offer coverage for:

• First and Third Party Cyber Risk Insurance (non-physical damage)
• Property damage caused by cyber attacks
• Professional Indemnity Insurance for technology companies

Coverage is available for

We offer comprehensive coverage for a range of cyber risks, including

• Data and Computer System Recovery
• IT Forensics and Incident Management
• Cyber Extortion Costs
• Business Interruption
• Data, Privacy and Network Security Liability
• Regulatory and Defence Costs
• Multimedia Liability
• Technology Errors & Omissions
• Property damage caused by cyber attacks

Other more specialised covers are written on a bespoke basis, by endorsement.

Our Special Risks team offers a range of contingency and event cancellation insurances for clients in the sport, entertainment, media, leisure, exhibition and trade show industries. We can consider coverage for:  

• Event Cancellation

• Non-Appearance

• Film and Media

• Prize Indemnity

• Specialist Binders

Terrorism and Political Violence insurance covers businesses against unforeseen acts carried out for political, religious or ideological purposes that can adversely affect any company, big or small.  The most common perils we can offer protection against are: 

• Sabotage & Terrorism (S&T)

• Strikes, Riots & Civil Commotion (SRCC)

• Malicious Damage 

• Political Violence (Insurrection, Revolution, Rebellion, Mutiny & Coup d’état)

• War / Civil War 

• Counter Insurgency

Coverage is available for:

• Property Damage to insured assets

• Business Interruption resulting from Property Damage (extra expense/loss of profit/loss of revenue/loss of rent & delay in start-up/advanced loss of profits for construction risks)

• Contingent Business Interruption (denial of access, loss of attraction, customers & suppliers and many others)

• Construction/Engineering/Builder’s Risk (up to a 72-month period)  

• 3rd Party Terrorism Liability

• Full Terrorism lenders’ interests where necessary  

• Cyber Terrorism  

• Malicious Attack/Active Assailant/Active Shooter  

• Event Cancellation following an act of terrorism or threat thereof  

We can provide various risks of physical loss or damage coverage for high value items. We create bespoke solutions and serve both private individuals and commercial clients, from small businesses to Fortune 500 companies across the world. Our products include:

• Fine Art – museums, commercial galleries, auction houses, private collectors, exhibitions, specialist packers and shippers;

• Jewellers’ Block -  all aspects of the jewellery trade, including wholesalers, manufacturing, retail and private collections

• General Specie – precious metals, mining, vault risks, securities, financial instruments and documents of high value;

• Cash in transit - insuring the cash management industry for risks associated with the transportation, processing and storage of cash and valuables