Filed Under:Markets, Commercial Lines

Munich Re Offering Coverage for Offshore Wind Projects

Munich Re is now offering coverage for offshore wind energy units as part of its renewable-energy service, including corresponding cover for a North Sea wind farm. 

The protection covers the costs of deploying vessels needed for the offshore-industrial process. In conjunction with renewable-energy and maritime broker Nordwest Assekuranz, Munich Re has developed a five-year plan for retrofitting units in which defective parts have been installed, even if no damage has yet occurred. 

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