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Ironshore to insure cargo lines on China's belt and road initiative

Posted On: Jul. 28, 2017 4:00 AM CST

Bermuda-based insurer Ironshore Inc.'s unit has launched a project cargo consortium on Lloyd's China market offering insurance cover to China's Belt and Road Initiative with capacity limits of up to $178 million, Heavy Lift reported. U.K.-based specialist insurer Pembroke Managing Agency Ltd.'s will offer cargo transportation cover, large-scale risk exposure and start-up delay coverage for China's BRI undertaking. Mark Wheeler, chief executive, International at Ironshore, said that the consortium for China cargo line risks "replicates the approach and risk appetite of Pembroke's project cargo consortium in the Lloyd's market."

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