A higher limit of protection and indemnity (P&I) cover is to be offered by Terra Nova Insurance, one of the companies battling it out in the fast-moving fixed-premium sector.
Terra Nova is raising its cover limit from $15m to $25m from 1 January in a bid to increase its 1,250-vessel fleet.
The existing P&I account is focused on Handysize and smaller vessels but the New York stocklisted group also controls Octavian, the Lloyd´s underwriting group where Jonathan Jones is setting up a new facility to compete with clubs on big tonnage.
The
