Marine & Specie

We take a flexible and problem-solving approach in underwriting:

• Specie
• Cargo
• Marine Liability
• Hull & Machinery

We provide cargo insurance for all types of goods in transit for global manufacturing companies or small and middle-sized enterprises. We provide tailor-made coverage for individual needs as well as a standard transport insurance cover.

We find risk selection most important and value a Risk Management philosophy and good knowledge of cargo loss prevention, quality in packing and means of transport.

We have a capacity of EUR 20m per conveyance or storage location. Our specialty in the field of commodities are Oil and Chemicals, Food and Beverage, Minerals and Steel Products and Machinery Goods.

We have built up a special knowledge of Project Cargo risks which has become one of our specialised products.

Products:

• Marine Cargo Insurance; Catastrophe coverage to all-risk insurance programmes whether on a yearly basis or short time cover
• Marine Liability; Coverage according to laws and conventions. Exceptions with tailor-made coverage with other limits to be agreed is also one of our specialties
• ALOP/DSU coverage

We provide liability insurance, primarily for charterers and freight forwarders.

We have the global mandate to write direct and facultative Reinsurance for Cash in Transit, General Specie, Fine Art and jewellers Block business. We are a quoting and leading market within Cash in Transit and General Specie business but in general a following market for Fine Art and Jewellers Block.

• Our capacity is EUR 40m
• Risk appetite and target business:
• Cash in Transit: CIT operators, armoured courier services and cash management companies, transport risk of cash and valuables
• General Specie: Transits and static storage/vault risks of valuables such as precious metals, valuables and bullion etc., banks and financial institutions, precious metals processors and traders, mining risks, ATM’s, safe deposit facilities
• Jewellers Block: High value products such as precious metals, gemstones, prestigious watches in stock, wholesalers or manufactures. Limited interest of retailers, unless on attractive excess layers
• Type of cover: primary and excess insurance, proportional and non-proportional reinsurance
• Minimum Premium in general: USD 10,000 our share

We provide a comprehensive range of insurance solutions for hull business. This consists of ship-owners' insurances (hull & machinery, hull interests, loss of hire and special insurances relating to the ships) and war risks. The business is written as direct insurance, through intermediaries, or occasionally as facultative reinsurance.