{"id":6693,"date":"2025-07-08T10:00:37","date_gmt":"2025-07-08T10:00:37","guid":{"rendered":"http:\/\/calebdewey.com\/?p=6693"},"modified":"2025-07-08T10:25:48","modified_gmt":"2025-07-08T10:25:48","slug":"willis-and-markel-tackle-geopolitical-risk-for-cargo-owners-with-new-200m-facility","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/07\/08\/willis-and-markel-tackle-geopolitical-risk-for-cargo-owners-with-new-200m-facility\/","title":{"rendered":"Willis and Markel tackle geopolitical risk for cargo owners with new $200m facility"},"content":{"rendered":"<p>Willis, a WTW business, and specialist insurer Markel have launched \u2018Undercover\u2019, a new $200 million facility that aims to provide coverage for a range of geopolitical exposures faced by cargo owners globally.<\/p>\n<p><img loading=\"lazy\" class=\"alignright wp-image-33489\" src=\"http:\/\/calebdewey.com\/wp-content\/uploads\/2025\/07\/cargo-ship.jpg\" alt=\"\" width=\"360\" height=\"233\" \/>Developed by Willis, this joint proposition has a unique offering designed for the risk transfer of cargo, war on land, terrorism, political violence and confiscation coverage. Sections of coverage are selected based on the individual needs of the client.<\/p>\n<p>According to the announcement, this single-facility approach will minimise coverage gaps and reduce the likelihood of claims disputes, as well as, remove the need to establish the motivation for a claim.<\/p>\n<p>Undercover has been created to provide certainty of cover and protection from fluctuating insurance costs to cargo owners during political instability and changes in country risk ratings, the firms stated.<\/p>\n<p>Ben Abraham, Global CEO, Willis Marine, said: \u201cIn a period of heightened geopolitical risk, cargo owners face enormous uncertainty in fast changing situations. This innovative solution is the first that offers a clear, comprehensive approach to cover, offering the maximum certainty exactly when it\u2019s needed and when the worst happens.\u201d<\/p>\n<div class=\"reins-in-every-article\" id=\"reins-2811260241\">\n<div data-reins-trackid=\"107022\" data-reins-trackbid=\"1\" class=\"reins-target\" id=\"reins-1397139850\">\n<p><a href=\"https:\/\/www.artemis.bm\/artemis-london-2025\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" class=\"size-full wp-image-999999 aligncenter\" src=\"http:\/\/calebdewey.com\/wp-content\/uploads\/2025\/06\/artemis-london-2025-banner-eb1.jpg\" alt=\"Register for the Artemis London 2025 cat bond and ILS market conference\" width=\"728\" height=\"100\" \/><\/a>&lt;!&#8211;<a href=\"https:\/\/www.artemis.bm\/artemis-ils-market-reports\/\" target=\"_blank\" rel=\"noopener\"><img class=\"size-full aligncenter\" src=\"http:\/\/calebdewey.com\/wp-content\/uploads\/2025\/06\/catastrophe-bond-ils-market-report-q1-2025-728x90-2.png\" alt=\"Download free catastrophe bond market reports from Artemis\" width=\"728\" \/><\/a>&#8211;&gt;<\/p>\n<\/div>\n<\/div>\n<p>Brook Styles, Head of Cargo, Markel International said: \u201cThe transportation of goods is highly sensitive to geopolitical uncertainty, which has the potential to disrupt trade routes, increase operating costs and put pressure on the resilience of global supply chains.<\/p>\n<p>&#8220;We\u2019re therefore pleased to have launched this new product, which provides support to cargo owners by helping them navigate today\u2019s complex geopolitical risk environment with added confidence, clarity and simplicity.\u201d<\/p>\n<p>The post <a href=\"https:\/\/www.reinsurancene.ws\/willis-and-markel-tackle-geopolitical-risk-for-cargo-owners-with-new-200m-facility\/\">Willis and Markel tackle geopolitical risk for cargo owners with new $200m facility<\/a> appeared first on <a href=\"https:\/\/www.reinsurancene.ws\">ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Willis, a WTW business, and specialist insurer Markel have launched \u2018Undercover\u2019, a new $200 million facility that aims to provide coverage for a range of geopolitical exposures faced by cargo owners globally. Developed by Willis, this joint proposition has a unique offering designed for the risk transfer of cargo, war on land, terrorism, political violence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6693"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=6693"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6693\/revisions"}],"predecessor-version":[{"id":6697,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6693\/revisions\/6697"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/6695"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=6693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=6693"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=6693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}