Marine Insurance

ACE Insurance - Broking - Marine Insurance

We operate regionally with a global reach. Our marine expert team understands and appreciates the fast-changing requirements of global and local clients and structure bespoke solutions. We have access to global capacity and provide service to our clients in any part of the world. Maritime insurance and risk management specialists The marine business placed by us covers the entire spectrum of marine, from cargo, hull and machinery to ports and terminals, protection and indemnity and marine liabilities. Headed by specialists in each of these categories, with years of experience makes us one of the most formidable players in marine insurance placements. Of course, that is not all, we work with clients in structuring a suitable insurance solution and placing it with highly-rated insurers/reinsurers. We also work with clients on risk management activities, apart from claims advocacy which to us is a core competency. ACE Gallagher aims to be a one-stop-shop for all marine requirements: Cargo – We deal with global controlled master programs for multinationals, stock throughputs, project cargo (with delayed start up) bulk movements of commodities, temperature-controlled cargo and Rejection risks. Hull & machinery – We have solutions for all types, whether be it a large marine fleet, barges, tugs or yachts. Ports & terminals – Our expertise in this area is unrivalled. We look to change the way this class of business is done by introducing best-in-class risk management practices, coverage and of course, timely claim settlements. Marine liabilities – Whether the requirement is for a charterer seeking charterer’s liability or a builders’ risk insurance, a stevedore, freight forwarder or liability exposures, we will work with you in devising and implementing a sound insurance solution. Leading marine industry expertise We bring to our clients: a) A group of subject matter experts from all aspects of the marine industry. b) Access to an elite network of markets. c) One contact, a whole team. The classes of business we handle include:

  • Cargo Insurance
  • Hull and Machinery Insurance
  • War Risks Insurance
  • Protection and Indemnity Insurance
  • Charterers Liability Insurance
  • Port and Terminal Operators Insurance
  • Building Risks New and Conversion Insurance
  • Finance, Credit and Political Risks Insurance
  • Fine Arts Insurance
  • Kidnap & Ransom & Risks Associated with Piracy Insurance
  • Ship Repairers, Stevedores and Wharfingers Liability Insurance
  • Loss of Hire and other Business Interruption Covers Insurance

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