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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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
Karen Rzeszutko
SVP, Chief Underwriting Officer, Marine
Munich Re Specialty Insurance
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.