Insured

A leading global distributor of parts and innovative technology to the aviation and aerospace sectors.

Issue

Given the global nature and spread of their business, the insured required an extensive cargo programme with significant stock limits for all risks.

They were also unable to secure the required USD200m California earthquake coverage under their local property policy due to having over USD1bn worth of stock in one warehouse located in a B1 California earthquake zone.

Response

Miller provided a bespoke solution, carefully layering the programme and finding suitable markets with a high appetite for catastrophe zones.

The resulting premium level was far more competitive than that being offered by the markets in North America and mainland Europe, and delivered full catastrophe limits.