Beazley to Establish $1 Billion Marine War Consortium at Lloyd’s
Beazley plans to create a $1 billion marine war consortium at Lloyd’s of London, allocating $500 million each for hull war and cargo war coverage. The initiative aims to enhance supply chain resilience and support global trade amid geopolitical risks. The consortium will be led by Beazley and backed by Lloyd’s syndicates and other London insurers.
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Topics: consortium insurance Lloyd's marine war insurance risk management supply chain