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International

War risk mutual launched by Standard Club Asia

February 25, 2015 Reprints

The Standard Club Asia Ltd. has announced the launch of Singapore-based war risk mutual, Hellenic Shipping News Worldwide reports.

The Singapore War Risks Mutual Class is the first Singapore-based mutual war risks insurance.

SWRM will operate as Standard Club Asia's class, with its own class committee.

"The cover offered by the class will include P&I war up to $550 million" and detention and diversion expenses, among other things, an official said.

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War risk mutual launched by Standard Club Asia

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