Products & Services

Marine Cargo & Specie

The Marine Cargo and Specie team has an established market presence, having been underwriting in London for over 25 years. The present team has developed the account to the extent that a leading position is taken on over two thirds of the business written.

We have a diverse and extensive knowledge of the business with specialist expertise in Commodities, Petrochemicals, Projects, Fine Art, Vault Risks, Musical Instruments and Precious Metals. The focus is very much on achieving a high level of continuity and long term commitment with all our clients.

The portfolio consists of both direct and reinsurance business with proportional treaties and excess of loss reporters written in selected territories. This provides the ability to write a spread of business, both geographically and in terms of risk type, whilst maintaining high underwriting standards through local knowledge and contact.

This contact with client and cedant is seen as key and is backed by a comprehensive travel programme.

The principal distribution channel is through regulated Lloyd’s brokers within the London subscription market.

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Key Features

  • 2010 Projected Gross Premium Written £22m
  • Normal maximum line $20m
  • Cargo portfolio focuses on clients transporting goods on a world wide basis. Normal transportation is by sea, but air and overland risks are also covered
  • Specie content of the portfolio protects high value precious goods
  • Recognised leader in Projects Cargoes
  • Technically strong and experienced underwriting team with specialist expertise
  • Wide territorial spread of business
  • Proportional Treaty portfolio backed by a comprehensive travel plan