Top 25 Companies for Marine Insurance Underwriting
Top 25 Companies for Marine Insurance Underwriting
The marine insurance underwriting industry is a specialized field that's vital to the global maritime sector. These companies provide crucial insurance coverage for different types of risks associated with the shipping industry. Their services cover everything from damage to vessels and cargo, to liabilities for incidents such as oil spills or icy conditions. They offer tailored insurance solutions for marine vessels, facilities, cargoes, and even for the wellbeing of seafarers. With the growth of the global maritime industry and the increasing risks associated with climate change, cyber threats and geopolitical tensions, the role of these underwriting companies is more crucial than ever.
Top 25 Marine Insurance Underwriting Companies
1. MS Amlin
- Website: msamlin.com
- Headquarters: London, England, United Kingdom
- Founded: 2000
- Headcount: 1001-5000
- Latest funding type: Acquired
MS Amlin is a global specialty insurer and reinsurer providing multiple carrier insurance solutions. They offer claims services, marine insurance, property insurance, casualty insurance, and crisis management. With a focus on treating customers fairly, they operate in various domestic markets including France, the Netherlands, Belgium, and the UK. They have a strong capital strength and provide risk management solutions. MS Amlin is a leading player in the Lloyd's market and specializes in insurance and reinsurance products.
2. Britannia P&I Club
- Website: britanniapandi.com
- Headquarters: London, England, United Kingdom
- Founded: 1855
- Headcount: 201-500
Britannia is a company that provides insurance services for the maritime industry, with a focus on protection and indemnity (P&I) coverage. They offer practical guidance and advice on seafarer wellbeing and have a team of qualified lawyers to assist members with claims handling.
3. Maritime Program Group a subsidiary of One80 Intermediaries
- Website: maritimepg.com
- Headquarters: Westbrook, Connecticut, United States
- Founded: 1991
- Headcount: 51-200
Maritime Program Group (MPG) is a specialty insurance program company that offers comprehensive packaged solutions, top quality coverage, and unsurpassed service in the marine industry. They provide insurance for various types of marine vessels and facilities, including recreational marine facilities, private pleasure boats and yachts, inland marine programs, and ocean marine programs.
4. AM&T (Allianz Marine & Transit Underwriting Agency)
- Website: amandtaustralia.com.au
- Headquarters: North Sydney, Nsw, Australia
- Founded: 2012
- Headcount: 11-50
AM&T is an agent of the insurer Allianz Australia Insurance Limited, specializing in marine and transit insurance. They provide comprehensive policies that are underwritten by Allianz, ensuring responsiveness to the needs of their clients. With a team of experienced 'Marinos', AM&T offers expert advice and support throughout the policy lifecycle.
5. Marine Underwriting Services
- Website: underwriting.lv
- Headquarters: Riga, Riga, Latvia
- Headcount: 11-50
Underwriting.lv is a marine and transport insurance company based in Riga, Latvia. They offer a wide range of insurance products including marine hull, marine construction, P&I, charterers, yachts, cargo, ports, and suretyship. They provide emergency support 24/7 for professional brokers in the Baltic countries, Poland, Ukraine, Kazakhstan, Azerbaijan, and Turkmenistan.
6. Vero Insurance
- Website: veroinsurance.com
- Headquarters: Vero Beach, Florida, United States
- Founded: 1960
- Headcount: 11-50
- Latest funding type: Acquired
Vero Insurance, a Marsh & McLennan Agency LLC Company, has been providing exceptional insurance products and personalized service to families and businesses in Vero Beach and the Treasure Coast for over 50 years. With a reputation for fairness and integrity, Vero Insurance offers a range of insurance services tailored to meet the unique needs of their clients.
7. EIURS - Energy Industrial and Utility Risk Solutions
EIURS is a division of DUAL North America, Inc., offering energy, industrial, and utility risk solutions. They provide a range of insurance products and services to clients in various industries.
8. Aig
- Website: aig.com
- Headquarters: New York, New York, United States
- Founded: 1919
- Headcount: 10001+
- Latest funding type: Ipo
AIG (American International Group) is a global insurance and financial services company. It operates primarily within the Lloyd's Insurance Market through Syndicate 1183, specializing in War and Terrorism, Energy, and Marine Sectors. AIG offers a diversified portfolio of insurance solutions tailored to meet clients' unique needs.
9. Westland Insurance Group Ltd.
- Website: westlandinsurance.ca
- Headquarters: Surrey, British Columbia, Canada
- Founded: 1980
- Headcount: 1001-5000
- Latest funding type: Debt Financing
Westland Insurance is an insurance company that offers a wide range of insurance coverage for individuals and businesses. They provide auto, home, condo, tenant, marine, boat, business, farm, travel, motorcycle, RV, and pet insurance. With a focus on customer satisfaction, Westland Insurance aims to protect their clients' investments and provide peace of mind.
10. Hiscox
- Website: hiscoxgroup.com
- Headquarters: Hamilton, Hamilton, United Kingdom
- Founded: 1901
- Headcount: 1001-5000
- Latest funding type: Ipo
Hiscox is a global insurance company that provides specialized insurance products and services. They offer coverage for a variety of risks including property, marine, casualty, and specialty risks. Their expertise and strong customer relationships make them a trusted partner in the insurance industry.
11. Westchester, A Chubb Company
- Website: westchester.com
- Headquarters: Alpharetta, Georgia, United States
- Headcount: 501-1000
Westchester.com is a large and diverse excess and surplus lines commercial property and casualty insurance underwriter in the United States. They specialize in providing innovative specialty products for various industries such as property, specialty casualty, environmental, professional risk, inland marine, and more. With exceptional financial strength, underwriting excellence, and superior claims handling expertise, Westchester.com offers comprehensive insurance solutions for businesses.
12. Bryte Insurance Company Limited
- Website: brytesa.com
- Headquarters: Johannesburg, Gauteng, South Africa
- Founded: 1965
- Headcount: 501-1000
Bryte Insurance is an insurance company offering a wide range of insurance products and services. They specialize in business insurance, including body corporate, commercial, farmers, and small and medium enterprise insurance. They also offer specialist insurance for financial lines, jewellery and precious assets, hospitality, liability, specialist motor, property, engineering, marine, and Shariah-compliant insurance. Bryte is committed to customer partnerships and providing comprehensive coverage for various specialized risks.
13. Cib
- Website: cib.co.za
- Headquarters: Johannesburg, Gauteng, South Africa
- Founded: 1994
- Headcount: 201-500
CIB is a company offering commercial insurance products to various customer groups. They provide a range of insurance services including personal insurance, buildings insurance, agricultural insurance, culinary insurance, franchise insurance, niche insurance, engineering insurance, marine insurance, and motor fleet insurance.
14. HDI Global Specialty SE
- Website: hdi-specialty.com
- Headquarters: Hannover, Lower Saxony, United States
- Headcount: 1001-5000
HDI Global Specialty SE is a wholly-owned subsidiary of HDI Global SE and part of the Talanx Group, both strong and established players in the international insurance market. HDI Global Specialty SE brings together cross-business segment expertise and network reach writing agency and specialty insurance business. Specialist local teams are highly qualified to give quick responses and informed support to clients' local operations, specifically their special, unusual or difficult insurance needs. For additional information please go to: www.hdi-specialty.com Imprint: https://www.hdi-specialty.com/int/en/legals/imprint
15. Tokio Marine America
- Website: tmamerica.com
- Headquarters: Jersey City, New Jersey, United States
- Founded: 1911
- Headcount: 201-500
Tokio Marine America is a US based commercial property and casualty insurance provider. They offer a range of insurance products including automobile, homeowners, dwelling fire, umbrella, marine, and inland marine insurance. They are committed to being a Good Company by balancing organizational strength with compassion. Tokio Marine America supports initiatives like EndDD.org to end distracted driving and save lives.
16. Pioneer Insurance
- Website: pioneerassurance.co.ke
- Headquarters: Nairobi, Kenya
- Founded: 1930
- Headcount: 1001-5000
Pioneer Assurance is an insurance company offering a wide range of products and services including individual and group life assurance, general insurance, pensions and annuities. They provide financial protection to individuals, businesses, and organizations, ensuring peace of mind and security.
17. Liberty Specialty Markets Latam
- Website: libertyspecialtymarketslatam.com
- Headcount: 1001-5000
Liberty Specialty Markets LATAM is a global insurance and reinsurance company offering specialty and commercial insurance products. With a focus on key markets in the UK, Europe, Middle East, US, Asia Pacific, and Latin America, we provide stability, reliable outcomes, and long-term support to our clients and brokers. Our expertise spans various industries, including aviation, marine, property, casualty, and more.
18. Core Specialty Insurance Holdings, Inc.
- Website: corespecialtyinsurance.com
- Headquarters: Jersey City, New Jersey, United States
- Headcount: 201-500
Core Specialty Insurance offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. With a proven track record, decisive leadership, and underwriting talent, they provide innovative insurance solutions to meet the needs of their targeted customers and brokers.
19. Diversified Insurance
- Website: diversifiedinsurance.com
- Headquarters: Salt Lake City, Utah, United States
- Founded: 1964
- Headcount: 1001-5000
- Latest funding type: Acquired
Diversified Insurance is an insurance company that offers risk management solutions, property & casualty insurance, specialty insurance, and employee benefits services. They provide coverage for commercial property, cyber risk, travel accident, credit insurance, and more. With a team of industry experts, they advocate for their clients and simplify the insurance process, allowing businesses to focus on growth.
20. Ed.
- Website: edbroking.com
- Headquarters: London, England, United Kingdom
- Founded: 2016
- Headcount: 201-500
Ed Broking is a company that offers broking services in the financial and insurance industry. They provide specialized expertise in areas such as fine art, jewellery, specie, marine, and professional & executive risk. With offices in Beijing, Channel Islands, Dubai, London, Shanghai, and Singapore, they cater to a global clientele.
21. Lampe & Schwartze KG
- Website: lampe-schwartze.de
- Headquarters: Bremen, Bremen, Germany
- Founded: 1858
- Headcount: 201-500
Lampe & Schwartze Group is a company that offers insurance and risk management services. They provide a wide range of insurance solutions, including cyber insurance and marine insurance, to protect businesses from various risks. With their expertise and dedication, they help their clients manage and mitigate potential risks, ensuring their peace of mind.
22. Prestige Assurance Plc
- Website: prestigeassuranceplc.com
- Headquarters: Victoria Island, Lagos, Nigeria
- Founded: 1952
- Headcount: 51-200
Prestige Assurance Plc is an insurance company that offers a wide range of personal and commercial insurance products. Their offerings include motor insurance, health insurance, agricultural insurance, personal accident policies, burglary insurance, and more. They provide coverage for individuals and businesses, ensuring financial protection in various situations.
23. Mitra Iswara & Rorimpandey
- Website: mirbrokers.com
- Headquarters: Jakarta, Dki Jakarta, Indonesia
- Founded: 1975
- Headcount: 51-200
MIR Brokers is an insurance knowledge engineering and construction company offering a wide range of insurance services and products. They specialize in property and liability, machinery breakdown, engineering and construction, marine and aviation, employee benefits, cyber insurance, and more.
24. Trident Insurance
- Website: tridentins.com
- Headquarters: Hastings, Christ Church, Barbados
- Founded: 1979
- Headcount: 51-200
Trident Insurance is a company based in Barbados that offers a range of insurance products including health, home, motor, and marine insurance. They pride themselves on providing easy and convenient insurance solutions to their customers.
25. Midlands Management Corp.
- Website: midlandsmgt.com
- Headquarters: Oklahoma City, Oklahoma, United States
- Founded: 1990
- Headcount: 51-200
- Latest funding type: Acquired
Midlands is a fast-growing wholesale broker specializing in excess and surplus lines insurance. They offer world-class services such as risk management, catastrophic claims management, and TPA services. Midlands is known for protecting small businesses from lawsuits and safeguarding their valuable assets.
Want to find more marine insurance underwriting companies?
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