Ocean Marine Cargo coverage
Our Ocean Marine solution is focused on protecting our clients’ assets while in transit, delayed in transit, and in storage and offers a range of coverage options.
Munich Re Specialty Insurance leverages the strength of Lloyds, providing our partners with flexible solutions for complex, out-of-the-box risks.
Capacity
General Cargo
- General cargo/stock throughput: $25,000,000
- Cargo liability: $25,000,000
- Motor truck cargo: $2,500,000
Project Cargo
- Project cargo and delay in start-up: $100,000,000
Territory
Worldwide
Coverage details
General cargo
- General cargo
- Stock throughput
- Cargo legal liability
- Motor truck cargo
Project Cargo
- Project cargo, including delay in start-up (DSU)
Target industries and commodities
General Cargo
- Most international and domestic shipments
- Stock same as cargo
- Containerized liquid and dry bulk
- Breakbulk
Project Cargo
- Owner or contractor-controlled projects
- Petrochemical, oil, and gas
- Power generation
- Mining
- Bridge expansion
- Underground rail/tunnel
- Pharmaceutical plants
- Terminal expansion
Out of appetite
General Cargo
- Automobiles
- Standalone warehouse
- Pharma over incidental
- Retail over incidental to risk
Project Cargo
- DSU on a standalone basis
- Satellite prelaunch
- New coal-fired power plant
Additional information
- Minimum premium $25,000
- Primary and excess cargo
- Stock must have transit related
- Can do 100% or quota share
- Prefer to lead but can also follow
Partner benefits
- In-house claims team renowned for quality handling of all aspects of loss recovery
- Rapid turnaround time from local underwriters
- Regional appetite with significant aggregate available
- Significant local capacity
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Contact our experts
Art Alvarado
Manny Hernandez
Nick Gheorghiu
Karen Rzeszutko
SVP, Underwriting Marine
James Sanzone
Further information
About Munich Re Specialty Insurance
Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.
For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, please click here.