Starwind Marine + Energy, a Lloyd’s of London Coverholder within Starwind Specialty, the underwriting division of CRC Group is pleased to announce that, effective January 1, 2026, it has increased Cargo and Stock Throughput binding authority for Bulk Liquids (Oil, Gas, Petrochemicals, Chemicals and Renewables) to $250M through extended relationships with several Lloyd’s of London syndicates.
This action follows a significant January 2025 expansion to $225M in capacity from the MGA’s previous binding authority limit of $200M with respect to any one conveyance or storage location, including catastrophe perils.
Graham Jenks, President of Starwind Marine and Energy shares, “This added capacity marks another meaningful step in our effort to deliver stronger, more flexible solutions for our clients and brokers. As conditions within the oil, petrochemical, and renewable energy markets continue to evolve, we remain committed to staying ahead of demand and helping our partners respond confidently to changing economic pressures. Bringing this expanded capacity together in one policy allows us to better serve our stakeholders and reinforce the trusted relationships that set us apart.”
In addition to its expanded Bulk Liquids authority, Starwind Marine and Energy offers a comprehensive suite of cargo solutions, including $75M in binding authority for General Cargo, Stock Throughput and War risks, as well as $20M in admitted capacity. Together, these offerings underscore Starwind’s ability to deliver flexible, market-leading coverage solutions across a broad range of marine cargo exposures.
Starwind Marine and Energy’s Bulk Liquid Cargo insurance policies can extend coverage to unexplained contamination and shortage losses for waterborne conveyances. Also referred to as Guaranteed Outturn (GOT) or Full Outturn Guarantee (FOG) coverage, the policies are designed to protect against incurring unknown expenses related to weight discrepancies between loading and discharge by reimbursing the cost of any shortfall. The coverage is subject to a ‘trade allowance’ deductible and compliance with specific coverage warranties and conditions.
About Starwind Specialty
Starwind Specialty Insurance Services is one of the largest program management operations, providing distribution partners and insureds unique, specialty products across multiple industries with a full suite of services - underwriting, distribution, and claims management. Learn more at www.starwindins.com.
About CRC Group
CRC Insurance Group, through its operating entities, is one of the leading independent wholesale specialty insurance distributors, delivering the broadest range of insurance solutions available in the marketplace today. With approximately 6,000 teammates in offices across the United States, Canada, and the UK, CRC Group places more than $30B in annual premiums across property and casualty, and employee benefits. Learn more at www.crcgroup.com.