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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
    Contact our experts
    Art Alvarado
    Art Alvarado
    Manny Hernandez
    Manny Hernandez
    Karen Rzeszutko
    Karen Rzeszutko
    SVP, Chief Underwriting Officer, Marine
    Munich Re Specialty Insurance
    James Sanzone
    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.