One of the most ambitious self-insurance projects of modern times is to be extended after meeting initial targets.
Maersk Insurance is to increase the range of risks covered to include the Danish shipping giant’s global liability programme, the group’s smaller ventures, office buildings and is even evaluating a move into the cargo business.
The Copenhagen-based insurance company already takes a share of the risk on every AP Moller-Maersk vessel, rig or shipping terminal despite a continuing soft market that makes commercial insurance relatively cheap to buy.
