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Munich Re Specialty Insurance
Ocean Marine Cargo coverage
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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.

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    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



    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

    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