01
Marine insurance
Protection & Indemnity (P&I)
Fixed-premium Owners’ P&I cover for commercial vessels, on an individual vessel or fleet basis.
Limit
Up to USD 50M
Cover may include
Crew liabilities
Personal injury
Wreck removal
Passenger liabilities, considered case by case
Sue & Labour and associated mitigation expenses
Cargo liabilities
Collision liabilities (running down clause), including fixed and floating objects
Pollution liabilities
General Average contributions
Stowaways, refugees and life-saving expenses
Vessel criteria
Under 40 years
IACS classed
Under 25 years
Non-IACS classed
Approved flags
Barbados
Comoros
Cook Islands
Dominica
Gambia
Guinea-Bissau
India
Jamaica
Malta
Palau
Panama
Saint Kitts and Nevis
San Marino
Sierra Leone
Togo
Vanuatu
On additional terms
Cameroon
Marshall Islands
Niue
Sao Tome and Principe
Taiwan
Tanzania
Thailand
Vietnam
Limited approval
Turkey (Turkish straits passage only)
Trading area
Worldwide trading considered, subject to sanctions and regulatory requirements.
Outside our current appetite
Vessels connected to sanctioned ownership or dark/shadow fleet activity
Very old or unclassed tonnage
A poor five-year loss history
Short-term (under one year) covers
For a faster quote, please provide
02
Marine insurance
Hull & Machinery (H&M)
Physical damage cover for the vessel itself — hull, machinery and equipment.
Limit
Up to USD 50M
Cover
Hull
Machinery
Equipment
Gear
Materials
Outfit and everything connected hereto
Subject to policy terms and conditions.
03
Marine insurance
Cargo
Protection for goods moving through international trade, with cover shaped around the route, the cargo type and the risk profile of each shipment.
Limit
Up to USD 50M
Conditions
ICC (A)
ICC (B)
ICC (C)
Specialist cargoes
Bulk oil
Frozen food
Coal
Risks typically considered
Damage during loading and discharge
Weather damage
Accidents in transit
Theft or pilferage
Container loss at sea
Written on a stand-alone or follow basis, independent of H&M and P&I.
04
Marine insurance
Limit
Up to USD 50M
Cover
Hull
Machinery
Boats
Gear
Equipment
Vessels
Private yachts
Fiberglass catamarans
Written on the IYC CL328 basis. Scope and terms are agreed individually for each yacht.
05
Financial risks
Sureties & Bonds
Protection against the risk that a contractual, financial or political commitment is not fulfilled.
International trade depends on more than the physical safety of cargo and vessels — it also depends on obligations being met. Our Sureties & Bonds products protect against the risk that a contractual, financial, or political commitment is not fulfilled.
Availability and terms depend on the transaction, jurisdiction and underwriting assessment.
Limit
Up to USD 50M
Risk areas
Trade & Contract Risks
Non-payment, contract non-performance and contract frustration.
Political & Investment Risks
Political risks affecting cross-border trade, export credit and investment.
Assessment starts with the underlying obligation and the parties responsible for it.
Instruments
Bonds
Bid Bond
Performance Bond
Advance Payment Bond
Retention Bond
Commercial Bonds
Court Bonds
Shipbuilding Bonds
Developers & Infrastructure Bonds
PPA (Power Purchase Agreement) Bonds
Environmental Bonds
Local Government Pension Scheme Bonds
Credit & risk insurance
Trade Credit Insurance
Export Credit Insurance
Sovereign Credit Insurance
Political Risk Insurance
Investment Insurance
Payment & credit
Payment Undertaking
Payment Guarantees
Credit Facility
Additional services
Loss Prevention
Risk review and practical guidance aimed at reducing the likelihood or severity of loss.
Survey List
Access to relevant survey resources and support where required by the risk.
Consultancy
Specialist support on marine and financial risk matters.
