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.

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 P. Weiss
Head of 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