Working with a specialist US retail broker, we recently sourced urgent cargo cover for the vessel repairs that an Oil & Gas contractor undertook.
The company needed to transport construction equipment across the world, covering thousands of miles, with a number of individual journeys including barge movements of offshore ship to ship transfers.
With the scale of operation and number of journeys it became too complex for the domestic market, so the retail broker looked to Miller for an appropriate London Market solution.
With the equipment already at a US port, our Cargo team had to act quickly after learning about the risk. With only a handful of markets who could be considered a leader for the risk, the team immediately contacted several viable markets to kick-start discussions.
We soon found a market who stood out as the potential leader and following further discussions, we secured the required coverage to both the client and insured’s relief.
Our strong market relationships were crucial to the placement, enabling us to act quickly and achieve a full value limit.
Miller's cargo capabilities