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The new cover offers protection of up to $1.5 billion against third-party liabilities, while the pool has already issued 1,608 war risk policies.

Backed by a $1.4 billion sovereign guarantee, the $1.5 billion BMIP will insure Indian vessels and cargo, ensuring trade continuity amid global risks.

Breeze says ongoing disruption across major shipping routes is exposing weaknesses in cargo war insurance and increasing operational risks for...

State-backed pool to cover war and cargo risks, ensuring stable trade flows amid global disruptions and rising premiums