
The increased product capacity
Cargo
GBP 30m
Freight
Liability
GBP 30m
ROV
Remotely-Operated
Vehicles
GBP 20m
This capacity expansion underscores our commitment to scaling our products for the long-term needs of the UK market and improving our industry-leading cargo and freight solutions. The increase responds to a growing demand for higher limits and the necessity for larger stock reserves due to supply chain issues.
“We are dedicated to supporting our broker partners in managing large or complex risks in an ever-evolving market” - Dean Gribben. Cargo and Freight Underwriting Manager, Munich Re Specialty – Global Markets, UK.
The limit increase for Remotely-Operated Vehicles accommodates demand for our product and equipment values, ensuring that line sizes remain adequate to meet the exposure requirements of existing insured parties following mergers and acquisitions.
“We are thrilled to provide more growth opportunities in challenging market conditions, demonstrating our long-term commitment to this sector.” - Sian Griffiths – Marine Equipment Underwriting Manager, Munich Re Specialty – Global Markets, UK.
If you would like to discuss any of your insurance needs, please contact our team of underwriters and specialists who are here to help.
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