This time last year, we announced the launch of our new dedicated project cargo and marine delay-in-start-up (MDSU) facility. Olly and Ruby discuss the types of risks and give their verdict on how they think it will continue to perform in 2017.
Over the last twelve months we have secured placements across every continent and for business of all shapes and sizes. These have included aerospace tourism, power plants in Nigeria, underground upgrades in South America and the multi-billion dollar construction of an oil and gas facility.
The time sensitivity of projects and the use of suppliers around the world have made the supply chain even more vulnerable to natural, political and human risks. However, with over a billion dollars of capacity in the London market and this sector’s strong reputation for managing and mitigating risks, we are still in a buyers’ market.
Facility Highlights:
- Policy periods for project up to five years
- Limits of USD200m for cargo and MDSU respectively
- Worldwide reach
- Flexible and clear wording tailored to meet the insured’s needs.
- In conjunction with the facility leader, we can help arrange and manage any survey requirements
- Competitive pricing
- Working with one lead underwriter, fully bindable quotes can be obtained within 24 hours