Meritz the insurer for $40mn Stellar Daisy loss

Korean carrier Meritz is the 100 percent hull insurer of the
$40mn Stellar Daisy, which disappeared in the South
Atlantic last Friday (31 March), The Insurance
Insider understands.
The ore carrier, owned by Seoul-headquartered Polaris Shipping,
is believed to have sunk after departing Brazil for China.
The hull of the vessel is understood to be valued at $32mn, with
a further $8mn of increased value for the total loss of the
ship.
Sources said that Meritz is heavily reinsured, with...