India's Swiss Re has approved a partnership between Directorate General of Shipping and EF Marine to offer protection and indemnity (P&I) insurance for foreign ships calling at the country's ports. The collaboration will see Singapore-based EF Marine offer Directorate General of Shipping's AA rated P&I cover for up to $500m, according to a report by the Hindu BusinessLine. The firms have been added to a list of 13 approved underwriters.
India's Directorate General of Shipping has approved a partnership between Swiss Re and EF Marine to offer protection and indemnity (P&I) insurance for foreign ships calling at the country's ports. The collaboration will see Singapore-based EF Marine offer Swiss Re's AA rated P&I cover for up to $500m, according to a report by the Hindu BusinessLine. The firms have been added to a list of 13 approved underwriters.