Marine Insurance Specialty
Marine insurance is actually the oldest form of insurance in the world dating back in Ancient Greece and Rome, since the transportation of cargo using water vessels for trade has been a key industy for centuries.The commercial shipping industry is more complex than ever, constantly evolving amidst a backdrop of volatility and risks, from oil pollution to losses. International operations worth millions of dollars are conducted every day and shipping accounts for about 90% of global trade, and an extremely specific level of expertise is essential in order to effectively manage the risks involved.As global trade stretches into more remote corners of the world, the entire maritime industry enjoys new growth opportunities. It also faces new challenges, unpredictable costs, and the ever-present potential for catastrophic loss.
Marine insurance is essential for anyone transporting goods by ship or other watercraft, or for anyone engaged in operations on the sea such as towage, drilling.Marine insurance typically covers the accidental damage or theft of goods transported by sea as well as their liabilities towards third parties. Coverage may also extend to loading and special operations such as towing.
Insurance Specialists provide Insurance Broking & Consulting. Our expertise enable us to fully appreciate our clients’ needs and requirements, so as to arrange appropriate cover at the most competitive levels of premium, via long standing collaboration with Greek and International Market and most importantly Lloyds Market.
Our global service approach is dynamic and ample, providing expertise and innovation in the likes of hull and machinery, marine liability, protection and indemnity and marine cargo. With Aegis Marine Specialty, you can protect total cost of risk, help protect your enterprise amid business challenges, and stay competitive in an increasingly global marketplace.
We carry substantial knowledge and experience of marine insurance markets and products.In a complex and ever changing risk environment, insurance expertise and in depth understanding of clients’ needs is essential in producing appropriate tailor made solutions for our clients.
• Yacht & Super Yachts
• P&I (Protection & Indemnity)
• Hull & Machinery
• Kidnap & Ransom
• War Risks
• Mortgage Interest Insurance
• Ports & Marinas
• Ship Builders Risks
The builder’s risk cover provides the shipbuilder with sufficient cover for the risk exposures which can occur during the entire building or conversion process, from “the first cutting of steel/keel laying” to the final delivery of the vessel/unit.
Cover for yards when the vessel/unit is delayed/not delivered due to a covered incident during construction