Cargo market faces ~$50mn premium hit as Glencore moves cover into captive
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Cargo market faces ~$50mn premium hit as Glencore moves cover into captive

The loss of the major account has been a substantial hit to budgets for some carriers.

By Samuel Casey
October 23, 2024
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cargo ship hull container port 2022 pixabay.png

The London cargo market is set to lose around $50mn in premium income after Swiss commodities trader Glencore opted to self-insure its cargo cover within its captive, Insurance Insider can reveal.

Glencore

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NewsMcGill and PartnersMarine
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