Specialty re/insurance wholesale broker Consilium has launched a standalone stock facility available through its Cargo Risk Solutions division. It said the facility would help create choice for brokers and their clients in the face of increasing supply chain volatility and evolving warehouse and storage risks.

Jack Cooper, senior partner, Cargo Risk Solutions at Consilium, said: “Consilium’s Cargo Risk Solutions team is innovating the way inventory coverage is placed in Lloyd’s of London.

“Separating stock from traditional combined policies not only brings more choice for our producing brokers, but also ensures clients can secure coverage based on the exact risks they face.

“This launch represents another step in Consilium’s mission to bring smarter, more flexible specialty solutions to market.”

Consilium said the policy was backed by $50m of capacity from Lloyd’s syndicates.