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Starwind increasing capacity on cargo
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Business Insurance
Starwind Marine + Energy said on Thursday it is raising capacity on cargo and stock throughput binding authority for bulk liquids including oil, gas and petrochemicals, to $250 million, effective Jan. 1, 2026.
The Lloyd’s of London coverholder within Starwind Specialty, the underwriting division of CRC Group, last raised capacity in January 2025 to $225 million from $200 million previously for any one conveyance or storage location, including catastrophe perils.
Coverage can be extended for unexplained contamination and shortage losses for waterborne conveyances, subject to a trade allowance deductible and compliance with specific coverage warranties and conditions.
The managing general agent also offers $75 million in binding authority for general cargo, stock throughput and war risks, it said in a statement.