 |
 |
|
|
British Marine is internationally respected for providing fixed cost insurance for marine and intermodal transportation risks. P&I, H&M and FD&D insurances for small / medium sized ships; Personal, Professional and Intermodal liability insurance for transport professionals and operators. A member of QBE Insurance Group,
British Marine offers fixed premiums with no standard increase, backed by 'A+' rated security, and takes pride in providing prompt, high quality service.
|
|
| News and advice from British Marine |
| Integration of British Marine within QBE Marine & Energy | | By Robert Johnston |
20 Jul 2010 |
As part of the integration of British Marine within QBE Marine & Energy we also undertook, as you would expect, a review of the integrated management structure and, as a consequence, I have now assumed the position of Chairman of both the Marine and Energy Division and British Marine. There is in fact no longer a need for a Managing Director of British Marine as such, since this role is subsumed by Colin O’Farrell in his position as Managing Director of the Marine & Energy Division.
Nevertheless it remains extremely important that British Marine should continue to have an experienced leader in charge of its independent franchise, and I am delighted to announce that Tim Harris has been appointed Head of British Marine.
In my role as Chairman, I will continue to work in concert with Tim with regard to strategic direction and client focus, while also playing a broader role in relation to marketing and distribution for the Marine & Energy Division as a whole. Charles Dymoke will continue to oversee our PandI class, and Brendan Smith remains our Senior Hull Underwriter. Paul Sheppard will likewise continue in his role as Head of Claims for British Marine.
It is very much business as usual, and we will continue to serve our clients to the very best of our ability.
Yours sincerely,
Robert Johnston | | Full Article | | Relocation to Plantation Place | | By Robert Johnston |
09 Jul 2010 |
I am happy to report that our move went smoothly and that we are now settled on the first floor of Plantation Place. When you visit our underwriting team, there is no mistaking that you are on British Marine territory! I have to say also that having all of our team on the same floor is a beneficial development.
However, no move is wholly without problems, and in our case the frustration relates to the telephone, and the inability of the switchboard to return you to a British Marine Receptionist if your call is not answered. You may well be diverted to a general QBE Receptionist, which cannot be avoided and for which we apologise.
In an effort to assuage any potential frustration, you may prefer to call the direct line of a British Marine member of staff. Please see our contacts section for the direct dial numbers of senior staff, together with the underwriting and claims’ team.
Yours sincerely,
Robert Johnston | | Full Article | | Standard & Poor’s | | By Robert Johnston |
28 Apr 2010 |
With effect from yesterday, 27th April, Standard & Poor’s have withdrawn the rating given to British Marine Luxembourg S.A. This follows the Company’s legal merger into QBE Insurance (Europe) Ltd, as advised in our letter of 19th March.
Since British Luxembourg S.A. is no longer in existence, the rating has been withdrawn at Management’s request. British Marine as a trading name of QBE Insurance (Europe) Ltd continues therefore to carry QBE Insurance (Europe) Ltd’s S&P rating of A+ (stable).
Yours sincerely,
Robert Johnston
| | Full Article | | Transfer of British Marine Luxembourg SA Insurance Portfolio to QBE Insurance (Europe) Limited. | | By Robert Johnston |
19 Mar 2010 |
Further to our advices between October and December 2008, regulatory issues having finally been concluded, we are pleased to confirm that, as from 1 April 2010, British Marine Luxembourg SA will be merged into QBE Insurance (Europe) Limited.
British Marine insurance policies will no longer be underwritten by British Marine Luxembourg S.A. They will be written by British Marine as a trading name of QBE Insurance (Europe) Limited.
As previously advised, the merger of the Luxembourg Company into QBE is a natural consequence of the acquisition of British Marine by QBE in 2005. British Marine paper will be altered to reflect the new arrangement. Otherwise, the British Marine franchise will continue as before, policies will continue to be issued under the British Marine name, with the same British Marine staff attending our clients as presently. There will be no change to the service that you are accustomed to receiving.
Yours sincerely
Robert Johnston
| | Full Article | | 20/02/2010 – P&I Renewal | | By Robert Johnston |
20 Feb 2010 |
The 2010/2011 P&I renewal was, not surprisingly, a season of prolonged negotiation as owners resisted the payment of any increase in a continuing difficult shipping climate. Following a relatively benign 2009/2010 year, certain Clubs adopted a surprisingly aggressive renewal strategy, slashing rates if they saw opportunity, whilst continuing to demand the payment of release calls in cash if an owner requested an exit. The Group should revisit this practice.
I am pleased to report that British Marine negotiated through the challenge, and that we can report on another strong renewal, yet again highlighting the confidence that we enjoy in the marketplace. We would highlight.
• A 96% retention ratio on our renewing portfolio.
• A 3.5% increase in rating on that same renewing portfolio.
• A further 13.5% increase in premium generated at the 20th February renewal from 60 new shipowner clients to British Marine.
• Continued support from within our client base, as 15 owners increase their fleet share.
With regard to new business, we are delighted to welcome new owners from across all our markets. Our northern European portfolio has shown marked growth in Germany and Holland, as has our Italian book in southern Europe. Likewise we have made significant development in the Americas, Asia and India.
We thank our shipowners for their continued loyal support.
Yours sincerely,
Robert Johnston
| | Full Article |
|
|
