India 's Directorate ministry of Shipping has approved a partnership between Swiss Re and EF Marine to offer protection and indemnity ( P&I ) coverage for foreign ships calling at the country 's ports . The partnership will help Singapore - based EF Marine offer Swiss Re 's premium rated P&I cover for up to $ 500 m , according to a report by the Hindu BusinessLine . The companies 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.