British Marine - quality service at fixed premiums

Thursday 24th July 2008

Company profile

Insurance products

Loss Prevention

Correspondents

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.

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Contact Details

Telephone:

+44 20 7488 1024

Fax:

+44 20 7481 1812

E-mail:

Company profile

British Marine, founded in 1876, specialises in the underwriting of Hull & Machinery (H&M), Protection and Indemnity (P&I) and Legal Expenses (FD&D) insurance for small to medium sized ships together with bespoke Personal, Professional and Intermodal liability products. Further transportation insurance is available from affiliated companies within the QBE Insurance Group.

In 2000 British Marine was demutualised and today the company is a wholly-owned subsidiary of the QBE Group, a major international insurance group with a market capitalisation in excess of US$10bn.

The company is in the unique situation of offering fixed cost insurance with no standard increase backed by 'A+' rated security, whilst maintaining the tradition of mutual insurance providers in providing a high level of service to our clients.

Profitable underwriting underpins the company's mission to develop long term client relationships by avoiding the steep cyclical corrections that are frequently levied on premiums for both commercial Hull and mutual P&I insurance markets.

Underwriting Portfolios

10,000 GT the customary maximum

Hull

2,500 ships insured
100% insurance offered
$20m customary limit
$5m IV available

P&I

8,500 ships insured
Limit of liability of choice
$500m
Fixed cost

Fishing Fleet

1,500 vessels insured
Hull and P&I combined
Dedicated office in Hessle (Yorkshire)
Prompt claim settlements

Luxury Yachts

P&I up to $500m
Worldwide cruising

Intermodal

Transport Operators
Ports and Terminals
Equipment Fleet Operators
Limit of liability of up to $10m
Worldwide cover

Professional Liability

Small and medium sized companies in shipping and transport
Limit of liability of up to $10m
Worldwide coverage

Directors and Officers

Small and medium sized companies in shipping and transport
Limit of liability choice

There are four elements that British Marine considers key to the insurance relationship, and upon which the company is happy to be judged:

Price	Product	Security	Service
Fixed Determined by the owner's risk profile and personal performance	Specializing in ships worldwide up to 10,000 gt 100% Hull and P&I, individually or combined Variable limit available up to $500M for P&I and $20M for Hull Bespoke to risk profile	Standard and Poors rating 'A+' stable The QBE Group has a worldwide market capitalization in excess of US$10bn Reinsurance contracted with 'A' rated reinsurers only	Experienced in-house claims staff on call 24 hours 480 correspondents in over 230 ports Survey Department with in-house deck and engineer surveyors Comprehensive guarantee facility The mutual tradition maintained

Click here to download the British Marine brochure (PDF Format)

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