Gerling Announces Web-Based Oil Cargo Insurance

October 20, 2000

The U.K. subsidiary of Germany’s Gerling Group announced that it had launched “Oilsure,” an Internet-based trading system for oil cargo insurance with an initial capacity of $50 million, through Lloyd’s syndicate 1206, which Gerling manages.

The system offers 24 hour access to quotations covering shipping and storage, and incorporates ratings on vessels and shipping routes.

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