MARINE

Marsh’s Global Marine Practice has deep practical experience working across the maritime world. Our clients include ship owners, charterers, cargo owners, traders, contractors to the offshore oil and gas and construction industries, port authorities, terminal operators and shipyards.

Marine

Marsh’s Marine Practice is a leading advisor to the maritime industry on risk and insurance issues. With almost 600 dedicated professionals worldwide, the Marine Practice places approximately USD3 billion in insurance premiums into marine markets globally.

Global service approach
The maritime industry demands specialist knowledge; our product lines drive our global service approach and augment our capabilities with professionals who are dedicated to providing expertise and innovation in these fields:

  • Hull and Machinery
  • Marine Liability
  • Protection and Indemnity
  • Marine Cargo

Risk mitigation
The maritime business is a high profile industry with potential for catastrophic losses. Whether the risk relates to; ship repair and maritime construction risk, general average, natural catastrophes, delay in start-up, war risks, terrorism, coastal marine operations, inventory, or the myriad of other risks, our experts are on hand to provide insight and solutions to address your business challenges.

Collaboration and innovation
Collaboration is a key factor in our success: it leads to new and innovative products and creative ideas which have resulted in unique client solutions, some of which are listed below:

  • Marsh put in place a solution for multiple governments for their war insurance issues following market changes.
  • We pioneered the concept of social responsibility insurance.
  • Our team was instrumental in shaping the Athens Convention into a format that permitted liabilities imposed by that convention to be insured.
  • We developed the first open platform, online certificate and account management system dedicated to marine cargo, www.MarshCargo.com – now the global standard.

Today, we continue to encourage originality. We always have one eye on the future in addressing new challenges in the volatile world in which our clients operate.
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Marine Market Monitor 2009
October 10, 2009  |  Views: 566 |  Comments: 0 
Marine Market Monitor 2009
The global financial crisis continues to influence almost all of the maritime insurance sectors and the overall premium volume for most classes is down on this time a year ago. In ...  Read More...
Case study: ship building company
May 10, 2006  |  Views: 748 |  Comments: 0 
Case study: ship building company
A shipbuilding company had a significant number of asbestos related disease claims and much of its historic EL insurance was with an insolvent insurer. It appointed Marsh to review...  Read More...
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Charter Default Insurance
Views: 293 |  Comments: 0 
Charter Default Insurance
In response to shipowners’ increasing concerns about charterers’ solvency, Marsh has developed an industry-first product that protects owners from damaging financial losses.   Read More...
Charter Default Insurance
Views: 16 |  Comments: 0 
Charter Default Insurance
The worst trading conditions in recent times have left many ship owners and charterers facing financial restructuring and even insolvency, exposing their trading partners to financ...  Read More...
The SAMI Facility
Views: 815 |  Comments: 0 
The SAMI Facility
There are a number of competing interests in the complicated and rapidly developing field of Maritime Security. New start-ups are looking for affordability while established operat...  Read More...
Benchmarking services
Views: 1228 |  Comments: 0  | Article Rating
Benchmarking services
The Benchmarking Portal's rapidly growing database contains information on nearly 90,000 policies covering $US50 billion in premium placements, $US4 trillion in limits, and $US15.5...  Read More...
Charter piracy and maritime insurances
Views: 767 |  Comments: 0  | Article Rating
Charter piracy and maritime insurances
As the volume and violence of pirate attacks continues to escalate1, our Marine specialists have prepared this technical paper to help vessel charterers and cargo-owners better und...  Read More...
CS STARS
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CS STARS
CS STARS LLC, a business unit of Marsh, serves the technology needs of risk management professionals, as well as insurance carriers and third-party administrators — delivering inte...  Read More...
Marine Insurance Course 2012 Programme
Views: 749 |  Comments: 0 
Marine Insurance Course 2012 Programme
The course combines formal but highly interactive lectures, videos, and discussions with dynamic exercises. Extensive notes and materials are supplied throughout the course.   Read More...
Marine mortgagees insurance solutions for financial institutions
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Marine mortgagees insurance solutions for financial institutions
Marsh offers specialised insurance solutions and advisory services for banks and other financial institutions that are engaged in financing transactions with marine/shipping organi...  Read More...
Specialist Recovery Service
Views: 744 |  Comments: 0  | Article Rating
Specialist Recovery Service
RECLAIM Consulting Services (RECLAIM) is a leading provider of claimsmanagement and recovery services. The RECLAIM team comprises of experienced professionals with a proven trackre...  Read More...
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Pirate attacks a growing concern
September 13, 2010  |  Views: 1224 |  Comments: 0 
Pirate attacks a growing concern
Pirate attacks in the Gulf of Aden and Indian Ocean have become a prevalent concern, the most recent attack occurring last month. The geographical range of the pirates as well as ...  Read More...
Market development relating to deepwater horizon event
July 02, 2010  |  Views: 952 |  Comments: 0  | Article Rating
Market development relating to deepwater horizon event
The April 20, 2010, fire and explosion of the Deepwater Horizon Offshore Drilling Unit and the ensuing oil discharge (the "Deepwater Event") has caused significant damage along the...  Read More...
Gulf of Mexico oil release may affect property, machinery
May 27, 2010  |  Views: 837 |  Comments: 0  | Article Rating
Gulf of Mexico oil release may affect property, machinery
The millions of gallons of crude oil that have been released in the Gulf of Mexico may have potential property and machinery risk implications.  Read More...
Marsh CEO: Insurance industry needs differentiation, innovation
May 25, 2010  |  Views: 1653 |  Comments: 0  | Article Rating
Marsh CEO: Insurance industry needs differentiation, innovation
Marsh chairman and CEO Dan Glaser described the multiple challenges facing the risk management and insurance communities in a recent speech to insurance industry leaders at InsideS...  Read More...
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January 25, 2012  |  Views: 712
Tougher EMEA Commercial Insurance Market Conditions Expected in 2012
Insurance rates for businesses with exposure to natural catastrophe risk and supply chain perils are expected to continue increasing in 2012 across Europe, the Middle East and Afri...  Read More...
May 13, 2011  |  Views: 1029
Ship owners facing increasing risks over charterers' default
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy. In order to protect owners’ vital revenue strea...  Read More...
March 07, 2011  |  Views: 978
Marine insurance rates likely to fall in 2011: Marsh
Buyers of marine insurance are likely to see a continuing softening of insurance rates in 2011, according to research carried in Marsh’s latest Marine Market Monitor. The research ...  Read More...
February 07, 2011  |  Views: 1486
Soft insurance market conditions set to continue into 2011: Marsh
Soft commercial insurance market conditions persisted throughout Europe, the Middle East and Africa (EMEA) in 2010 and are set to continue into 2011, according to a comprehensive r...  Read More...
November 23, 2009  |  Views: 1045
Customer-related and credit risks top agendas for Europe’s leading firms
New research by Marsh, the world’s leading insurance broker and risk adviser, reveals that senior executives in Europe’s leading organisations are most concerned about customer-rel...  Read More...
October 09, 2009  |  Views: 1070
Marsh and REDfour team to help shipowners address risks associated with piracy attacks in Gulf of Aden
Insurance broker, maritime security firm collaborate to help organisations enhance security, strengthen coverage, and save costs.  Read More...
August 26, 2009  |  Views: 1025
Excess capacity and competition stifling insurance rate increases in Europe, the Middle East and Africa
Insurance premium rate reductions slowed for property and casualty business across Europe, the Middle East and Africa in the first half of 2009, according to figures released today...  Read More...

Contacts
Caroline Beatrice

London, United Kingdom
20 7357 2714
caroline.beatrice@marsh.com
   
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