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marine underwriting services

What is Marine Underwriting and Who are Marine Underwriters?

The word “Underwriting” refers to protection by way of insurance. Marine underwriting refers to providing marine insurance to clients.

The person who provides marine underwriting services is known as a marine underwriter. These are professionals whose main expertise is to ensure that their client is protected from unforeseen losses and casualties. They offer insurance coverage for boats, ships and naval assets and provide a valuation for the ship, crew and cargo being transported.

Ship insurance

Marine underwriting is a very tricky concept. This is because there are many different dimensions to it. The loss to the body or hull of the ship and the cargo it contained, the reasons or the causes of the loss, the place where the loss occurred and most importantly the amount that needs to be settled are the main areas that a marine underwriter needs to focus on.

It is a well-known fact that insurance claims are very uncertain and there needs to be a complete knowledge of all the elements involved before placing a compensation claim.

A marine underwriter therefore needs to be aware of not just the rules and regulations of the country to which the ship belongs but also of other countries where potential incidents could occur.

marine underwriter

To explain it in simple terms, the maritime rules and regulations of all countries need to be noted down by a marine underwriter so that clients do not face any problems regarding the settlement of the claim.

To make the process of marine underwriting simple and feasible, many professional marine underwriting companies have been founded in many countries. Some of the famous companies include the Chubb Group and the United Marine Underwriters firm.

Additionally, it has to be noted that in some countries there are associations of marine underwriters set up to gain more exposure and experience through a group effort.

Such associations are present in countries like the United States . Examples of such marine underwriting associations would be the Association of Marine Underwriters (this is based in San Francisco) and the American Institute of Marine Underwriters, also known as the AIMU (this is an association based throughout the nation).

Marine underwriting

These organisations ensure their clients can rely on them and that the professionals engaged in marine underwriting get to learn more. It is a very interactive concept and the success of such organisations proves the scope and spread of marine underwriting.

Marine underwriting is not a new profession but has existed for ages. For people who aspire to be experts in unique areas, a career as a marine underwriter would be worthwhile.

You might also like to read-

  • Different Types of Marine Insurance & Marine Insurance Policies
  • Marine Insurance for Piracy Attacks: Necessities and Benefits
  • The Importance of Marine Insurance Brokers
  • What is the Importance of a Handing-Over Report and How to Write one?
  • The Importance of Classification Societies in the Maritime Industry

marine underwriting services

About Author

Zahra is an alumna of Miranda House, University of Delhi. She is an avid writer, possessing immaculate research and editing skills. Author of several academic papers, she has also worked as a freelance writer, producing many technical, creative and marketing pieces. A true aesthete at heart, she loves books a little more than anything else.

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I am highly interested in marine insurance underwriting therefore I would appreciate information on marine risks…

Good day sir! Will be grateful if you make clear about below confusions…. * underwriter & their coverage * agreement bet shipowner & underwriter * few world famous underwriter name **** same ambiguity about hull & machinery insurance company

Am a student from Delta state school of marine Technology…. I want to know more about marine Agency

I think this would be a good profession for someone who studied diplomacy in the university or college and love to practice in the marine sector. please how do I get more information about the marine underwriter as a profession, wouldn’t mind a help

Am MaryAnn studying diploma in international freight clearing and forwarding.

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AIMU celebrated a milestone 125th Anniversary last year!

 The American Institute of Marine Underwriters (AIMU) has 125 years of service as the trade association representing the United States ocean marine insurance industry as an advocate, educator and information resource.

AIMU provides an active program of support services to assist the U.S. marine insurance industry in providing its global customers with a level of performance unsurpassed in the world. Its worldwide network of surveyors (Correspondents) aids its members in handling claims with speed and efficiency. AIMU publishes a Weekly Bulletin, which provides its members with current information on maritime matters, media reports, legislation and court decisions. Through its educational programs, AIMU fosters the highest standards of professionalism, stimulates creativity and innovation and enhances the industry's traditional commitment to service.

AIMU ensures that U.S. marine insurers are heard by lawmakers, regulators and international bodies. It testifies before congressional committees and works closely with organizations and participates in coalitions focused on improving safety and preventing cargo-related crime. AIMU is the forum for action on the significant issues that affect U.S. marine insurers, reinsurers and the international trade community.

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AIMU is committed to advancing the educational, governmental, regulatory and technical interests of the ocean marine insurance industry.  One of the services AIMU provides for its members is the provision of education and publishing of information for use by underwriters, loss control and claims specialists, and other interested parties. Read more...

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Insurance For Marinas And Boat Dealers

If you serve the recreational boating market, you and your clients deserve insurance that is as extensive as the products and services you provide. From full-service marinas to boat dealers, boat manufacturers, boat clubs, yacht clubs, Clear Marine has you covered.

Clear Marine is a leading provider of ocean marine insurance solutions in the United States with expertise in the recreational marine market.

Specialties

Boat dealers.

Coverage for new and used boat inventories, including boat shows, transit, delivery, and trails, and optional coverage for:

  • Boat brokers liability
  • Truth in lending
  • Titles errors and omissions
  • False Pretense

Yacht Clubs

Coordinated marine and non-marine coverages to account for a wide scope of yacht club operations:

  • Owned watercraft

Sailing Schools

Boat builders & manufacturers.

  • Builder’s Risk
  • Liabilities
  • In-Transit Coverage

Boat Rental

  • “All Risk” hull terms
  • Agreed Value basis
  • Medical Payments

Docks and Piers

  • Physical Damage coverage
  • RC or ACV basis
  • Debris Removal
  • Business Interruption coverage is available

Excess Liability

Coverage providing excess liability over both marine and non-marine coverages, including auto, general, and employer’s liability

Workers Comp

Coverage is written in conjunction with our marine package policy.

  • Strong Carrier relationship
  • Competitive Pricing

P&C Coverages

  • Inland Marine
  • Business Auto

Emergency Line 24/7

(+371) 277 14 777 Riga, Latvia

(+370) 614 40 333 Vilnius, Lithuania

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All Products

We are marine underwriters. we write quality marine risks. although we have no particular restrictions to what class of marine business we are happy to write there are nine main areas we are specializing in, namely:, marine hull.

and associated interests, including but not limited to loss of hire, disbursements, increased value, war, strikes and piracy.

Marine Construction

where we can write both builders' risks, including all usual extensions, delay in delivery or conversion risks and ship repairers' liability, also known as SRL in the market.

includes specified agreed liabilities for damages that shipowners or operators can be exposed to like - collision liability, wreck removal, liabilities in respect of cargo, pollution and persons.

liability and other products designed for chartering industry, including cargo owners' legal liability (COLL), bunkers, war and strikes covers.

where we are capable of doing hull, third party liability, uninsured boater, fine art, medical expenses and other extra covers required by the clients

insurance and all its various shapes and forms. In addition to loss and damage cover we are offering different classes of delay insurance.

Logistics protection is our branded unique cover specially designed to meet all requirements of companies involved in logistics whether these are ship agents, freight forwarders or truck fleet operators.

Port protection solution is our own designed product to cover either operational or landlord ports against various liabilities, consequential losses, damages to own equipment and business interruption.

Suretyship insurance is convenient solution for Latvian clients whose business is related to excise goods, logistics, transit, warehousing operations.

Coating Guarantee

Coating Guarantee is a joint performance guarantee insurance on all paint, coating and surface protection systems applied on steel, composite or aluminium vessels, yachts, onshore or offshore structures, civil works, piping, bridges and other similar objects.

In any case we will be pleased to design cover in order to meet very specific demand of the clients or their brokers. Just give us a call.

marine underwriting services

Dutch-based underwriting agency in the international marine liability insurance industry.

We offer tailor-made insurance covers, professional in-house legal and claims services, and assistance on compliance and sanction issues.

marine underwriting services

Insurance covers

As an underwriting agency, we partner with insurers to offer our clients first class security for their insurance policies. We offer a wide scope of marine liability covers, such as P&I, Charterers’ Liability, Marine Defence, Additional Liability and Cyber Risks.

marine underwriting services

Legal & claims

We provide in-house legal & claims services, as part of the insurance cover, but also on direct assignment as required by clients for other maritime issues. Our professional staff is trained for, experienced in and dedicated to providing a comprehensive service.

marine underwriting services

Compliance & sanctions

We offer additional services to our clients with compliance issues and sanction screening to keep their trade within the regulations and scrutinize eventual consequences towards the insurance covers.

In this market we excellerate as a niche player, by combining our customer orientation with a collective knowledge approach.

marine underwriting services

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Marine Underwriting Services

About marine underwriting services.

Marine Underwriting Services is an insurance company. It specializes in marine and transport insurance. It provides insurance products and risk management services. Its insurance products include marine hull, marine construction, charters, cargo, ports, and many more. It is based in Riga, Latvia.

Headquarters Location

Baznicas Street 4a

Riga, 1010,

Marine Underwriting Services Frequently Asked Questions (FAQ)

Where is Marine Underwriting Services's headquarters?

Marine Underwriting Services's headquarters is located at Baznicas Street 4a, Riga.

Who are Marine Underwriting Services's competitors?

Competitors of Marine Underwriting Services include DR&P and 4 more.

Compare Marine Underwriting Services to Competitors

Alsace Conseils is a safety advisor for the transport of goods. It offers services including safety advisors, an outside transport manager, a transport capacity certificate, and training. Alsace Conseils was founded in 2006 and is based in Strasbourg, France.

Nasco Middle East is a multinational insurance broker operating in the insurance and reinsurance industries. The company offers insurance solutions, including insurance broking, underwriting, and medical third-party administration services. It primarily serves the insurance industry. Nasco Middle East was founded in 1976 and is based in Dubai, United Arab Emirates.

Punkta Brokers is an insurance brokerage firm specializing in mass customer service with a focus on vehicle insurance. The company offers a comprehensive claims settlement system supported by proprietary information technology systems and collaborates closely with an affiliated network of repair workshops. They set market standards in the area of leasing services, dealer packages, and fleet management. It was founded in 2000 and is based in Gdansk, Poland.

Tysers Insurance Brokers is a leading independent international insurance brokerage firm, providing a wide range of insurance services. The company offers bespoke insurance solutions, including risk management and claims handling, across various sectors such as entertainment, media, high-net-worth individuals, and corporate businesses. Tysers primarily serves sectors like the entertainment industry, corporate and commercial businesses, and high-net-worth insurance markets. It was founded in 1980 and is based in London, England.

Allianz Global Assistance is a leading travel insurance and assistance provider, operating in the insurance and travel industries. The company offers a range of travel insurance and emergency assistance solutions, designed to help travellers navigate unexpected situations and enjoy their journeys with confidence. Allianz Global Assistance primarily serves the travel industry. It was founded in 1950 and is based in Cambridge, Ontario.

Groupama Logo

Groupama operates as a mutual insurance company. It offers property and casualty insurance, life and health insurance, agricultural insurance, and other financial services. Additionally, it offers leisure insurance such as motorhome, bike, pet, school, and hunting insurance. The company serves individuals, businesses, professionals, farmers, and local authorities. It was founded in 1986 and is based in Paris, France.

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Pro Marine

Marine Insurance with a difference

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ProMarine UW – a Managing General Agent (MGA), with a passion for commercial marine insurance.

ProMarine UW is an established team and we’re really keen to offer bespoke underwriting solutions to the commercial marine industry.

We like to think we’re a business with personality and the human face of insurance. We’d love to talk to you about our specialist products which are designed with commercial marine businesses in mind. ProMarine UW is more than a virtual presence. We chose our team because they have shown great ability to offer a highly professional, technical and personal service – we hope you’ll agree when you meet us

Whether you’re based in the UK or Europe, a large or small business or anything in between – we can help you. We welcome direct or broker enquiries – check out our appetite and get in touch.

Our Products & Services

Our ProTect policies are designed to meet the insurance needs of commercial vessel operators, with options to include:

marine underwriting services

Marine Hull, Machinery and P&I cover

Essential cover to ensure you and your vessel are adequately protected in the event of an incident.

marine underwriting services

Employers and Public Liability

Covers your legal liability to your employees and third parties.

ProTect Policy solutions for direct customers

Unlike most MGA’s we are very happy to provide our policies and services directly to policyholders. Our team has many years of experience in arranging insurance products directly to the marine industry in the UK, Europe and Worldwide. Our team are located all over the UK and Europe and we pride ourselves in providing a face-to-face, personal service.

We are more than a virtual presence – we’ll meet you in person, wherever you are.

ProTect Policy solutions for Insurance brokers and agents

If you are an insurance broker or agent with a single client, or multiple clients in the marine industry, whether you are a specialist marine broker or a general broker with little or no experience of marine insurance, we will be able to help you find the right solution for your clients.

We will also be happy to provide guidance on the more difficult aspects of marine insurance to help you to advise and service your clients effectively.

Get started today by talking with our team

Stay in the loop

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Ready to talk and be heard?

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We’ll listen to you with curiosity, speak with honesty and act with integrity.

Talk to our team

020 4570 5984

Get in touch today

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Email us: [email protected] Address: c/o Hillier Hopkins Llp, 45 Pall Mall, London, United Kingdom, SW1Y 5JG

Marine cargo insurance underwriters explained

  • Tanker Notes
  • Container Ship Operations
  • Safety Navigation
  • Ship Charterparties
  • SEEMP Measures
  • Voyage Management
  • Environmental Management
  • Ballast Handling
  • Stevedoring Procedure
  • Machinery Spaces
  • Catering Safety
  • Fuel oil transferring
  • Reporting oil spillage
  • Low Sulphur fuel oil
  • Bunkering safe procedure
  • Bunker Delivery Note
  • Fuel Oil Additive
  • Fuel Oil heating
  • Low quality fuel oil
  • Oil viscosity control
  • Fuel oil sampling
  • Keepin bunker record
  • Lub oil control
  • Transferring fuel oil
  • The desired average (loss) clauses: The assured may choose average clauses ranging from the most limited to the most comprehensive coverage. The choice of average clauses has a substantial effect on premium rates.
  • The destination or origin: The geographical, physical, or political conditions at the port of origin and destination create differences in the risks involved.
  • The ocean carrier: You will need to evaluate the integrity of the vessel(s) to be used, looking to the vessel's age, classification society, among other factors.
  • The shipping routes: No two shipping routes present identical risks.
  • The time for shipping: Greater damage may be sustained by goods shipped across the North Atlantic in winter than in summer, and rainwater damage is more prevalent in the monsoon season than in the dry season.
  • The packing used: Packing, whether by container, pallet or otherwise, can vary considerably, with resulting variance in premium rates.
  • The shipping practices: Newcomers to foreign trade may not have experienced traffic personnel. Even experienced shippers vary greatly in their shipping practices.
  • The assured: The underwriter's experience with the assured is a valuable guide to determining whether to accept the risk and under what terms. For example, an adverse loss ratio requires careful consideration by the underwriter as to whether the risk should be accepted.
  • Travelers : Has an extensive product portfolio of marine and non-marine coverages for operations, including marine services suppliers, marine transportation and construction, ocean cargo, and luxury yacht owners.
  • Chubb : Delivers tailored insurance solutions and sophisticated risk management services to address the unique needs of shippers, manufacturers, vessel owners and builders, and marine facility owners, from multinational manufacturers and logistics providers
  • The Hartford : Covers Boat Builder or Broker, a Ship Repairer, Terminal Operator, a Wharfinger or Stevedore and more.
  • Aetna : Is the brand name used for products and services provided by one or more of the Aetna group of subsidiary companies, including Aetna Life Insurance Company and its affiliates (Aetna).
  • General Average & The York Antwerp Rules The law of General Average is a principle of maritime law whereby all stakeholders in a sea venture proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. It is a unique maritime concept. One of the most ancient aspects of shipping is the general average. When an intentional sacrifice of property is made on board a ship to avoid a common peril, the law of general average requires all of the parties to the maritime adventure that benefited by the intentional sacrifice to contribute money on a pro-rata basis.
  • P&I Clubs guideline The P&I Clubs are correctly called Protection and Indemnity Associations and number around 20 worldwide, with the majority being the United Kingdom-based. The shipowner in taking out insurance with a particular association becomes a member of that Club. The Clubs are mutual, which means that all costs involved in providing cover or paying out a claim to anyone member are shared by all members. It can be achieved by setting a rating or premium for the Owner, known as an "advance call," and is based on the Owner's history and exposure to risk.
  • Marine cargo insurance underwriters Ships operate in a difficult environment, and cargo may be lost or damaged during domestic and international transit. However, ocean carriers are well protected under the law against responsibility for loss or damage to cargo that might arise during the transportation of goods.
  • Hull & Machinery underwriters A hull and machinery underwriter provides insurance coverage for boats, ships, and other naval assets. It gives protection to shipowners against the hull, machinery, and onboard equipment damages in the event of any perils encountered while on the water, including collision with another vessel, natural obstacles, and other structures as well as storms and other natural disasters.
  • Procedure for insurance claim A ship is insured against various risks by the Owner taking out different insurance policies. However, for many reasons, insurance claims often being denied by marine insurance providers. So that a shipowner can prosecute a claim accurately and successfully, the Master needs to send full details and documentation relating to any accidents or incidents resulting in damage to the ship, property, cargo, or personal injury. Nautical Institute publication, "The Mariner's Role in Collecting Evidence," is a good source of guidance to shipmasters.
  • The role of a insurance broker Marine insurance brokers play a significant role in helping companies and individuals procure marine cargo insurance, hull and machinery insurance, P and I cover, and other forms of insurance as the case may be. They can canvas the worldwide marine insurance market. The goal is to assist in getting the best terms of insurance cover at the most competitive premium rates.
  • Marine salvage procedures Marine salvage contracts fall into two main categories. First, those which enable salvage services to be rendered on the basis that the compensation to be paid to the salvors will be determined after the completion of the services. It can be done by settlement or if the parties cannot agree, then by a court or by an arbitrator
  • Role of a freight forwarder A freight forwarder, forwarder, or forwarding agent, is a person or a business entity that organizes shipments for individuals or corporations to get the goods from the point of origin to the desired market or from a producer directly to the customer or a distribution center. A freight forwarder dispatches shipments via a common carrier and books or otherwise arranges space for those shipments on behalf of shippers.
  • How a Non-Vessel Operating Common Carrier ( NVOCC) differs from a freight forwarder? A NVOCC (Non-vessel Operating Common Carrier) is "a common carrier that holds itself out to the public to provide ocean transportation, issues its bills of lading or equivalent documents, but does not operate the vessels that transport cargo." An NVOCC is a carrier. It enters into a contract of carriage with the cargo shipper. It undertakes responsibility for the carriage like a shipowner that owns a vessel. However, the NVOCC is a carrier that does not own or operate the vessel used to perform the carriage.
  • P & I Insurance cover and Members of IG club At the heart of P and I is the concept of "mutuality." Shipowners form a nonprofit association to protect and indemnify one another against third party liabilities. Unlike commercial insurance, the insured ship owners, meaning the "members" of the Club, are both the insurer and the insured. Each P and I Club is controlled by its members.
  • Role of shipbrokers London and New York have always been viewed as major shipbroking centers. In recent years, many U.S. ship brokerage firms have relocated to offices in Stamford and Greenwich, Connecticut, and nearby communities. Of course, there is a large shipbroking presence in Singapore, Hamburg, as well as other cities.
  • Sale & purchase brokers Sale and Purchase Brokers (S and P Brokers) are highly specialized shipbrokers. Their clients are typically ship owners. S and P Brokers serve as intermediaries in the business of selling and buying ships. They assist in the sale and purchase of second-hand tonnage and newbuilding. Their compensation is normally in the form of a commission.
  • Ship agency services A ship's agent works on the front lines, and there might involve an unlimited number of issues in port. The agent must work towards solving these problems. An agent needs to learn a lot fast about ships and cargo.
  • Role of a ship management company Ship management companies are located in the world's maritime centers. Many companies manage large fleets on behalf of numerous ship owners. Many of the larger management companies also own vessels. Essentially, the decision to outsource a ship management function is a financially driven one. In most cases, outsourcing of ship management services means that the shipowner can conduct business at a reduced cost, primarily due to the reduction of in-house staff and resources.
  • Ship finance considerations Ship finance is somewhat different from other asset-based lendings such as real estate finance. After all, shipping business earnings can be quite volatile and, therefore, less predictable. Additionally, the collateralized asset (the ship) is extremely mobile. The traditional method for ship finance was private resources.
  • Ship recycling industry Scrapping ships (also known as ship breaking or ship demolition) is a dangerous and controversial part of the shipping business. Ships have a life span of 20 – 30 years – sometimes a little more -sometimes a little less. Ships wear out, and there may be a lack of spare parts. After a while, they no longer make sense economically. The shipowner needs to make a decision – continue to repair or scrap.
  • Ship registry procedure To trade internationally, a ship must have a nationality. Without being registered under certain flag states, a ship cannot enter the geographic limit of another state. Once registered, a ship becomes subject to the laws of a registering nation. Registration makes the ship entitled to military protection, and therefore it is an extension of that nation anywhere in the world.
  • Maritime security concerns Maritime security issues affect the way ship owners, charterers, cargo interests, ports and terminals, and their insurers do business. There is the added expense to deal with. There has also been an increase in the number of international conventions and domestic legislation geared towards furthering maritime security.
  • How maritime law works in the United States? Maritime law used to apply only to American waters within the ebb and flow of the tide. However, it now covers any waters navigable within the United States for interstate or foreign commerce. Admiralty jurisdiction also includes some maritime matters not involving interstate commerce, for example, recreational boating.
  • The Master’s Responsibility during Salvage Operation Request for Salvage - The Master shall normally request salvage after consultation with the Company. However, he has complete authority to seek salvage assistance without reference to the Company if he considers this necessary.
  • Requirement of towing arrangement in oil tankers, readyness, & training onboard All Oil, Chemical and Gas Tankers above 20000 DWT, constructed on or after 1st July, 2002, are equipped with an “Emergency Towing Arrangement (E.T.A.) both Forward And aft to provide the ship with a rapidly deployed towage capacity in an emergency.

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marine underwriting services

Ascot U.S. offers a leading in-house Ocean Marine claims team with over 300 years of combined underwriting experience, enabling a strategically diversified team of seasoned professionals who have significant experience in the admitted marine market. Ocean Marine was one of the first U.S. teams Ascot launched on an admitted basis, and combines appropriately with our established marine presence at Lloyd’s. Ascot’s growing U.S. Marine platform delivers a unique ability to find and provide solutions, packaging all lines and leading multiple coverages and policy layers for a single Insured. We provide Marine Liability both on a primary and excess basis, including Brown / Green water Hull, Protection & Indemnity, Cargo, and Blue water Hull.

Marine Liabilities

Target industries include:.

  • Marine Contractors, Operators, Wharfingers, Concessionaires, Commodity Traders, Stevedores, and Pilots
  • Commercial Ship Repairers and Builders
  • Charterers, Banks, Municipalities, Port Authorities,
  • Areas Out of Appetite: Construction, Downstream/Refining Operations, Products/Manufacturing Liability
  • Entertainment/Passenger and Public Entity Vessels

Limits Offered: $50,000,000

  • $5M Primary, $50M Excess

Ascot Differentiator

  • Ability to Package
  • Experienced Claims Handling
  • Underwriting Experience
  • Regional and National Capabilities
  • Cross Sell Capabilties
  • Financial Strength

Blue Water Hull, War Risk, and Builder’s Risk

  • Cruise Ships
  • LNG and LPG
  • Car Carriers
  • General Cargo and Container Ships
  • Mortgagee Interest Insurance
  • Excess Hull

Limits Offered: $25,000,000

Brown / green water hull and p&i.

  • Municipalities
  • Port Authorities
  • Tug and Barge Operators
  • Crew and Supply Boats
  • Cruise/Entertainment/Passenger Vessels
  • Pilots Boats
  • Miscellaneous Vessel Operators

Limits Offered: $10,000,000

  • $5M P&I, $10M Hull

Target Products Include:

  • Manufactured Goods
  • Oil & Gas
  • Transit Only
  • Stock and Excess Stock
  • General Merchandise

Limits Offered: $15,000,000

  • Minimum Premium: $7,500
  • Geographic Scope: Worldwide
  • Admitted/Non-Admitted: Admitted and Non-Admitted
  • Underwriters Have Full Authority up to Max Limits
  • Ability to Offer Full STP Coverage
  • Underwriting Expertise
  • Ability to Offer Creative Solutions

Head of Hull & Liabilities

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Press — August 22, 2024

Ascot Group Limited Expands Third-Party Capital Capabilities with Dedicated Platform Leadline Capital Partners™ and New Institutional Investors

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© Ascot Group 2024

The information contained herein is intended for informational purposes only. Statements of coverage availability and scope are general in nature, subject to change and underwriting of any individual risk, and provide no guaranty or warranty of coverage, express or implied. Products and services are offered through insurance company affiliates within the Ascot Group. Not all products and services are available in every jurisdiction, and some may be available in the United States only on a surplus line basis through licensed surplus line brokers. The precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.

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Marine Underwriting Services, SIA

marine underwriting services

Basic data
Name Marine Underwriting Services SIA
Legal form Limited liability company (SIA)
Registration number, date 40103608205, 20.11.2012
Register, Included in The Register Commercial register, 20.11.2012
SEPA identifier LV27ZZZ40103608205
Data from the VAT Register Doesn't have
Legal address Legal address:
Postal address Baznīcas iela 4A, Rīga, LV-1010
Registration certificate number, date Nr. K176903. 25.09.2015
Fixed capital Paid capital - 15 600.00 EUR (Registered in State Enterprise register 30.01.2014)
Activity code (NACE) , version 2.0) (Source: SRS, CSB) , version 2.0) (Source: ZO.LV)
Data updated in the Register of Enterprises 12.02.2024
Encumbrances
Liquidation process Not registered
Actual entry in the insolvency register Not registered
Current claims for payments
Actual pledge acts Not registered
Actual collaterals Not registered
Tax debts (as of date)
Contact information
Phone +371 67830870
Financial indicators (last submitted year)
Year (last submitted)
Turnover
Profit after taxes
Liquidity
Profitability (return on assets)
Number of employees
Annual reports (11)
Year Accounting period Type Registered in State Enterprise register
, Annual report , 01.01.2023 - 31.12.2023 , 31.05.2024 01.01.2023 - 31.12.2023 Annual report 31.05.2024
, Annual report , 01.01.2022 - 31.12.2022 , 25.05.2023 01.01.2022 - 31.12.2022 Annual report 25.05.2023
, Annual report , 01.01.2021 - 31.12.2021 , 22.06.2022 01.01.2021 - 31.12.2021 Annual report 22.06.2022
, Annual report , 01.01.2020 - 31.12.2020 , 02.06.2021 01.01.2020 - 31.12.2020 Annual report 02.06.2021
, Annual report , 01.01.2019 - 31.12.2019 , 29.05.2020 01.01.2019 - 31.12.2019 Annual report 29.05.2020
, Annual report , 01.01.2018 - 31.12.2018 , 01.05.2019 01.01.2018 - 31.12.2018 Annual report 01.05.2019
, Annual report , 01.01.2017 - 31.12.2017 , 27.04.2018 01.01.2017 - 31.12.2017 Annual report 27.04.2018
, Annual report , 01.01.2016 - 31.12.2016 , 04.05.2017 01.01.2016 - 31.12.2016 Annual report 04.05.2017
, Annual report , 01.01.2015 - 31.12.2015 , 29.04.2016 01.01.2015 - 31.12.2015 Annual report 29.04.2016
, Annual report , 01.01.2014 - 31.12.2014 , 01.10.2015 01.01.2014 - 31.12.2014 Annual report 01.10.2015
, Annual report , 20.11.2012 - 31.12.2013 , 26.05.2014 20.11.2012 - 31.12.2013 Annual report 26.05.2014
Tax payments to state budget
(thous. EUR)
Year Total payments to state budget Personal income tax State mandatory social insurance contributions
2023
2022

Actual data

Due to amendments to the Commercial Law in connection with the official mandate, please become acquainted with the latest version of the statutes and the minutes of shareholders' meeting . This will help you to be sure that in these documents the expiry date of the mandate is not specified.

Actual data. Board (2)
Time Post, Rights to represent
From 20.11.2012 Head of the board/ Right of sole representation
From 20.11.2012 Member of the Board/ Right of sole representation
Actual data. List of procurations (0)
No data
Actual data. List of shareholders (1)
TimeSharesValueSharePercentNumber of votesRegistered in State Enterprise register
(40203363751)Rīga, Baznīcas iela 4A
From 07.02.2024 1040 15.00 EUR 15 600.00 EUR 100.00 % 1040 12.02.2024
Actual data. List of beneficial owners (2)
Time Country of residence Citizenship
From 08.02.2018 Latvia Latvia

Type of control:

Type of control:

From 08.02.2018 Latvia Latvia

Type of control:

Changes in personal data. Actual data. List of beneficial owners. (2)
Time
12.02.2024

Type of control: , Type of control:
Type of control: , Type of control:

12.02.2024

Type of control: , Type of control:
Type of control:

Awards
; 2019., 2020., 2021., 2022., 2023. year" border="0"/> 
Comparative indices (2023 year)
Index Place
Age of the company * 96536 - 96561  96536 - 96561
Net turnover   2833 ,  2833
Profit or loss   363  363
Equity capital   759  759
Fixed assets   9374  9374
Balance   676  676
Tangible assets   38490 - 38491  38490 - 38491
Liquidity   46240 ,  46240
Profitability   20362 ,  20362

About the company's comparative indices

Legal address on the map
Publications (0)
No publications found
  • 0.80 EUR Persons data
  • 0.20 EUR Financial indicators (last submitted year)
  • 1.00 EUR All data
  • Officials (0)
  • List of procurations (0)
  • Shareholders (4)
  • Beneficial owners (2)
  • Fixed capital (3)
  • Changes (6)
  • Additional data - Membership in other companies (4) - Departments - Branches, subsidiaries - History of changes in activities - Chronology of company events
  • Encumbrances - Suspension of economic activity - Claims for payments - Insolvency registry proceedings - Collaterals - Collateral for equity holders - Collateral for shares owned by a person - Commercial pledges
  • Finance and taxes - Annual reports (11) - Multi reports - Tax (fee) debts and analytics - Tax payments to state budget (10) - SRS list of decisions - The State support - Status of public benefit organization - History of the VAT payer data - History of a micro-enterprise taxpayer
  • Analytics - Relationship graph and graph on the map - Legal person's profile - Verification of the existence of a legal person in the true beneficiary control chain - Extended analysis of a company - Financial analysis (10) - Company valuation - Checking in the lists of sanctions - Verification of persons in sanction lists
  • Documents - ER documents (33) - Revoked powers - Verification of power of attorney in the Power of attorney register - Search in documents
  • Assets - Vehicles (Yes) - Tractor machinery (No) - Herds and cattle sheds - Search for an address in the Land Register
  • Others - Social enterprises register data - Creditor notifications - Court hearings (3) - Notices on procurement results (1) - Company events (16) - Publications - Mass media - Concessions - Holding companies
  • Credit reports - Paus Konsults credit history - Verdikts credit report

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Current tax debt information

U.S. & Canada – Ocean Marine

Our U.S. and Canada Ocean Marine team offers Marine Liability, Cargo, Blue Water Hull and Brown Water Hull coverages.  By carefully monitoring changes in the market and truly understanding clients’ risk exposures, our experienced ocean marine underwriters offer tailored solutions and responsive service.

Target Classes

We have a broad appetite including coverage for:

Marine Liability

  • Vessel operators, marine contractors, marine terminal operators/freight handlers, ship repairers, commercial boat builders, wharfingers, charterers, and marina operators
  • Manufactured goods of every description, raw materials and commodities including oil and gas products, ores, metals and soft commodities on an open or specific transit basis including project cargo

Blue Water Hull

  • Foreign and domestic ocean going vessels in excess of 2,500 gross registered tons

Brown Water Hull

  • Vessels including: tug/barge, passenger vessels, workboats, ferries, research vessels, crew boats, pilot boats and miscellaneous craft
  • Builder’s risk and boat dealers

Significant Capacity

  • Marine Liability – $25M
  • Cargo – $20M
  • Blue Water Hull – $10M
  • Brown Water Hull – $10M

Underwriting Highlights

  • Primary and Excess Marine Liability
  • Coverages include: Marine General Liability, Ship Repairers Legal Liability, Terminal Operators Legal Liability, Stevedores Legal Liability, Wharfingers Legal Liability, Charterers Legal Liability, Follow Form Excess P&I and Marine Liabilities, and Bumbershoot
  • Coverage options from All Risk to Named Perils for international and domestic marine shipments, coverage includes War, Strikes, Riots & Civil Commotions
  • Coverage extensions are available for storage, domestic transit and associated marine exposures
  • Coverage is available worldwide subject to U.S. trade sanctions and exclusions

Blue Water Hull

  • Physical Damage, Sue & Labor, and Collision Liability
  • Tonnage 15 years and under preferred
  • Physical Damage, Protection & Indemnity including Collision and Towers Liability on commercial domestic vessels operating in the coastal and inland waters of the U.S.

Specialist MGA for Marine Professionals and Logistics Providers

Freeboard maritime.

Freeboard Maritime is a specialist Managing General Agent (MGA) underwriting insurance policies for marine professionals and logistics providers. Supported 100% by Lloyd’s syndicates, we can offer bespoke, comprehensive liability coverage tailored to your specific needs.

Our Products

Marine professional indemnity (pi).

Freeboard Maritime’s Professional Indemnity Insurance is designed to protect firms and individuals within the maritime industry from allegations and claims made by customers or third parties arising from negligence, errors, or emissions in the course of performing their professional duties.

Cargo Liability Insurance

Freeboard Maritime’s Cargo Liability Insurance is designed to protect freight forwarders and logistics providers from claims made by customers and third parties for lost or damaged cargo under their care, custody and control.

Our Approach

We pride ourselves on delivering excellent service for our brokers and clients. The services we provide do not stop at underwriting, we can offer:

  • Bespoke insurance contracts to suit each Insured’s business needs.
  • Specialist underwriting knowledge.
  • Supported 100% by Lloyd’s of London Syndicates.
  • Worldwide Coverage.
  • No Claims Rebates.
  • Supportive and efficient claims service.
  • Contractual risk management and loss prevention guidance.
  • Support from worldwide network of correspondents.

Get in touch with us

FREEBOARD MARITIME 67 Lombard St London EC3V 9LJ

Lloyd's Box Box 393, Lloyd’s of London, EC3M 7HA

Our Locations

Call center.

  • 8am - 8pm EST Monday - Friday
  • (888) 540-5935

Plantation, FL 33313

Gulf coast - mobile, al.

  • (251) 405-6385
  • (954) 316-3143
  • Craig Perloff ext. 3322

161 Dauphin Street Mobile, AL 36602

Scottsdale, az.

  • (760) 707-0910
  • Justin Colletti ext. 4108

1450 W Guadalupe Road Suite 125, Gilbert, AZ 85233

Los angeles, ca.

  • (866) 881-1934
  • (954) 316-3105
  • Andrew Lanorias ext. 4121

15821 Ventura Boulevard Suite 545, Encino, CA 91436

Sacramento, ca.

  • (916) 480-6360
  • (954) 316-3103
  • Kevin Cullinan ext. 6385

455 University Ave Suite 330, Sacramento, CA 95825

San diego, ca.

  • (760) 707-0911

HQ - Plantation, FL

  • (954) 473-4488
  • (954) 473-8030

6951 W Sunrise Boulevard Plantation, FL 33313

Gainesville, fl.

  • (352) 692-2542
  • (954) 316-3107
  • Debbie Rascati ext. 2545

2850 NW 43rd Street Suite 100, Gainesville, FL 32606

Orlando , fl.

  • (407) 551-7868
  • (954) 316-3106
  • Eric Huntley ext. 7875

1005 S Dillard Street Winter Garden, FL 34787

Saint petersburg, fl.

  • (727) 369-2100
  • Alex Buck ext. 2103

3227 Bennett Street N Saint Petersburg, FL 33713

Atlanta, ga.

  • (770) 510-1609
  • (954) 316-3113
  • Gray Collier ext. 1613

3355 Annandale Lane Suite 200, Suwanee, GA 30024

Northeast - pennsylvania - nj - ny.

  • (212) 413-7400
  • (954) 316-3120
  • Ben Lynch ext. 7408

400 Northpointe Circle Suite 304, Seven Fields, PA 16046

Las vegas, nv.

  • (702) 545-9151
  • JD Koogler ext. 41205

911 N Buffalo Drive Suite 209, Las Vegas, NV 89128

Long island, ny.

  • (631) 521-2050
  • (954) 316-3144
  • Moe Riad ext. 2051
  • Chris Kicas ext. 2053

35 Pinelawn Road Suite 200, Melville, NY 11747

Charleston, sc.

  • (843) 297-8679
  • (954) 316-3146
  • Dominic Monda ext. 1872

176 Croghan Spur Road Suite 102, Charleston, SC 29407

  • (281) 298-3140
  • (954) 316-3142
  • Chris Walkerow ext. 3151

11940 Jollyville Road Suite 210-N Austin, TX 78759

  • Coleman Sears ext. 4750

6060 N Central Expressway Suite 538 Dallas, TX 75206

Houston, tx.

  • Tom Skora ext. 3143

2203 Timberloch Place Suite 230, The Woodlands, TX 77380

Portland, or.

  • (503) 265-4500
  • Todd McGough ext. 4501

8100 SW Nyberg Street Suite 330, Tualatin, OR 97062

Chesapeake, va.

  • (804) 252-0243
  • Heather Jones ext. 0243

1545 Crossways Blvd, Suite 267, Chesapeake, VA 23320

Contact us:, corporate office: 6951 west sunrise boulevard, plantation, fl 33313, phone: (954) 473-4488, fax: (954) 316-3100, follow us on:, get a quote now, call: (888) 540-5935, powered by:.

marine underwriting services

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