Munich Re Specialty - Global Markets, Syndicate Asia
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About us
As part of the Munich Re Specialty regional strategy in Asia-Pacific, Munich Re Specialty – Global Markets, Syndicate Asia is the central underwriting hub which covers Asia Pacific and the Middle East market.
Founded in 1999 Munich Re Specialty – Global Markets, Syndicate Asia is a service company underwriting on behalf of Syndicate 457 at Lloyd’s in Singapore.
Traditionally marine and energy focused, this office has evolved into a fully-fledged Specialty insurance provider and its experienced underwriting team offer their expertise in a variety of niche insurance product offerings.
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services. With Munich Re’s renowned stability, robust financial backing, and dedication to the industry, we provide a wide-range of solutions and services worldwide to cater to diverse client needs. When partnering with Munich Re Specialty, you benefit from top-tier claims, underwriting, and risk management services powered by a network of trusted advisors across the globe.
Products
Marine Cargo & Project Cargo
We provide cargo insurance for companies with a responsibility for transporting goods on either a domestic or global basis. Our team of underwriters work with clients to understand the risk and can tailor our product to suit the specific needs of your business. Classes of business we can consider include:
- Cargo whilst in the ordinary course of transit
- Stock throughput
- Cargo storage risk
- Pre-launch
- Project Cargo and Delay in Start Up
Marine Liability
With a line size of up to USD 18m, our marine liability insurance offers bespoke risk solutions for a wide range of companies from small to medium-sized ones through to multinational corporations. We can consider coverage on:
Ship Repairers Liability
Ports and Terminal Liability
Stevedores Liability
Transport Operators Liability
Marine Professional Indemnity
Renewable Energy Solutions
Our renewable energy team can provide insurance solutions for property damage and associated delay in start-up business interruption risks in the renewable and clean power sector. Our solutions provide coverage for construction and operational exposures, with a particular focus on:
Wind (onshore and offshore)
Solar photovoltaics (PV)
Battery energy storage systems (BESS)
USD 100m capacity, any one risk
We also look at solutions for established and emerging clean power technologies, such as:
Geothermal (including operators’ extra expense)
Biofuel
Hydropower
Carbon capture systems
Hydrogen
Engineering
Our Engineering team can provide coverage for construction and installation works with a particular focus onSME and subcontractor business. We can provide up to USD 30M line size with a maximum TIV of USD 200M.
Contractors’ All Risks
Erection All Risks
Contractors’ Plant & Equipment
Machinery Installation, breakdown and movement
DSU (Delay in Start-Up)
Special Risks
Our Special Risks team offers a range of contingency and event cancellation insurances for clients in the sport, entertainment, media, leisure, exhibition and trade show industries. We can consider coverage for:
Event Cancellation
Non-Appearance
Film and Media
Prize Indemnity
Specialist Binders
Terrorism and Political Violence
Terrorism and Political Violence insurance covers businesses against unforeseen acts carried out for political, religious or ideological purposes that can adversely affect any company, big or small. The most common perils we can offer protection against are:
Sabotage & Terrorism (S&T)
Strikes, Riots & Civil Commotion (SRCC)
Malicious Damage
Political Violence (Insurrection, Revolution, Rebellion, Mutiny & Coup d’état)
War / Civil War
Counter Insurgency
Coverage is available for:
Property Damage to insured assets
Business Interruption resulting from Property Damage (extra expense/loss of profit/loss of revenue/loss of rent & delay in start-up/advanced loss of profits for construction risks)
Contingent Business Interruption (denial of access, loss of attraction, customers & suppliers and many others)
Construction/Engineering/Builder’s Risk (up to a 72-month period)
3rd Party Terrorism Liability
Full Terrorism lenders’ interests where necessary
Cyber Terrorism
Malicious Attack/Active Assailant/Active Shooter
Event Cancellation following an act of terrorism or threat thereof
Specie
We can provide various risks of physical loss or damage coverage for high value items. We create bespoke solutions and serve both private individuals and commercial clients, from small businesses to Fortune 500 companies across the world. Our products include:
Fine Art – museums, commercial galleries, auction houses, private collectors, exhibitions, specialist packers and shippers;
Jewellers’ Block - all aspects of the jewellery trade, including wholesalers, manufacturing, retail and private collections
General Specie – precious metals, mining, vault risks, securities, financial instruments and documents of high value;
Cash in transit - insuring the cash management industry for risks associated with the transportation, processing and storage of cash and valuables
Distribution contact
Claims contact
Latest insights
‘Munich Re Specialty – Global Markets, Syndicate Asia’ is an approved trading name of Munich Re Syndicate Singapore Private Limited
Munich Re Syndicate Singapore Private Limited is registered in Singapore: 199907298C, 18 Cross Street, #08-00 Cross Street Exchange, Singapore 048423. Authorised and regulated by the Monetary Authority of Singapore under the Lloyd’s Asia Scheme.