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New consortium in London to provide extra shipbuilding risk cover

Insurers Apollo, Munich Re and Tokio Marine have teamed up to offer brokers additional capacity of up to USD 75m per vessel.

Photo: Toby Melville/Reuters/Ritzau Scanpix

by NIDAA BAKHSH

Insurance giants Apollo, Munich Re Syndicate and Tokio Marine HCC International have teamed up to provide shipbuilding risk cover given the move towards greener vessels.

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