Our underwriters have the experience and flexibility to cover shipowners and managers for a very broad range of hull- and war-related risks.
We protect against physical loss of or damage to insured vessels operating worldwide. Our expertise extends to builders’ risk, increased value, mortgagees’ interest risk and short-tail, total loss only cover. Our War cover encompasses vessels, cargo, floating energy risks and marine liabilities.
With three decades’ experience in the market, our underwriters are able to cater to more challenging or complex exposures. We can employ a significant capacity globally – $50m/€50m for Hull and $65m/€65m for War – and lead more than a third of the business we write. This enables us to play a significant role in setting the terms and conditions for insurance contracts.
We offer Hull and War cover to customers around the world from our offices in London, Singapore (QMES) and Houston, and we also benefit from the reach of the wider QBE Group. Having significant global reach means we can write global programmes for exposures in more than 150 countries, providing comprehensive protection, as well as fulfilling all legal and regulatory obligations.
Should a claim arise, we’ll move rapidly and effectively to minimise the financial impact on your business. Our claims specialists are highly experienced and are used to dealing with very complex physical damage claims and any associated marine liabilities.
We also offer Hull and Machinery cover for smaller vessels (usually below 10,000 tonnes) via our wholly-owned subsidiary, British Marine. British Marine has an excellent reputation for providing Hull and Machinery insurance for small and medium-sized ships. It regularly deploys a line size of 100 per cent, which is unique in the London marine hull market.