31 July 2025
In today’s global economy, cargo insurance plays a critical role in managing the complex risks of logistics, marine transport, and goods storage. For retail brokers supporting clients involved in the movement or storage of significant volumes of goods, securing the most suitable and comprehensive cargo coverage can be the difference between minimal protection and truly effective risk management on a global scale.
Securing project cargo across borders: A cargo insurance case study
A retail broker contacted us on behalf of a client specialising in high-value IT components. These required time-sensitive distribution from the UK to Iceland. The project involved transport by air and road as well as marine shipping. The goods also needed temporary storage at various locations across both countries. The total value at stake was approximately 300M GBP.
The first step Verlingue London Markets made was to thoroughly analyse the client’s cargo and logistics needs and identify the right lead underwriter to cover this complex global risk. Our team then worked closely with the retail broker and the lead Insurer to support the client in making informed decisions and managing storage and transit risks. Thanks to our expertise in cargo insurance and the London Market, we built a strong partnership based on daily communication, project updates, and proactive advice. This helped all the involved parties make confident decisions and secure the most effective coverage that met our client’s needs.
Why the London market matters
The London insurance market, led by Lloyd’s, is the global hub for complex and specialised risks. It plays a key role in covering cargo insurance and storage exposures. When goods move through complex supply chains, across global transit routes, or face difficult storage conditions, standard policies often fall short. This is where the London Market delivers tailored solutions to address specific challenges.
Bringing together experts London offers unmatched knowledge and specialist cover for high-value goods, project cargo, and complex supply chains. As Maxime Nicolas, Head of Marine at Verlingue London Markets, explains:
The London market offers a unique combination of technical understanding, flexible approach, and capacity that is unrivalled globally. When our clients face complex risks or unusual challenges, we find London isn't just an alternative option – it's often the best place to provide the right cover.
Looking Forward: Navigating an Evolving Risk Landscape
Cargo and storage risks are rapidly changing. Climate change, supply chain disruptions, geopolitical tensions, and ESG regulations are all shaping new challenges. These factors are driving insurers to adapt quickly to protect what matters most.
At Verlingue London Markets, we remain committed to staying ahead of these developments, working proactively with retail brokers to identify emerging challenges and opportunities. Our ongoing investments in specialist expertise, market relationships, and technical capabilities ensure we continue to deliver exceptional outcomes for even the most complex cargo and storage risks.
Looking to access the London Market, including Lloyd’s? Verlingue London Markets combines expert insight, strong market reach, and a collaborative approach to help retail brokers deliver the right cover for their clients.
For more information about how Verlingue London Markets can support your cargo/logistics, storage and marine risks, please contact our specialist team at maxime.nicolas@verlingue.com
