The facility offers up to US$200m each for hull and P&I risks, alongside US$200m of dedicated cargo cover, as the market responds to the planned phased reopening of the waterway.
The region added a record 513.3 GW last year, but supply-chain disruption, climate volatility and China's subsidy changes are reshaping how those projects get insured.
The dedicated framework allows MGAs to design products and run the policy lifecycle, but restricts them from entering reinsurance or syndicate structures.
