Munich Re logo
Not if, but how
Munich Re Specialty Insurance
Ocean Marine Cargo coverage
© mauritius images / Masterfile

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
Contact our experts
Steven P. Weiss
Steven Weiss
SVP, CUO Inland & Ocean Marine
Art Alvarado
Art Alvarado
Manny Hernandez
Manny Hernandez
Nick Gheorghiu
Nick Gheorghiu

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