Top 26 Entities in Marine Insurance Market
Top 26 Entities in Marine Insurance Market
The marine insurance industry is a major sector within the global insurance landscape. It involves the assurance of vessels, cargo, and marine terminals, protecting against sea-related damages or losses. Companies within this sector range from established global players to emerging market-specific businesses, all providing tailored solutions for sea-related risks. The industry offers coverage against a wide variety of maritime concerns, from cargo damage and shipping accidents to piracy threats. As global trade and sea freight continue to rise, so does the demand for marine insurance. The industry is on a trajectory of further growth fuelled by transportation expansion, amplified trading activities, and an increasing awareness regarding the benefits of marine insurance.
Top 26 Marine Insurance Companies
1. 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.
2. Adamjee Insurance Company Limited
- Website: adamjeeinsurance.com
- Headquarters: Lahore, Punjab, Pakistan
- Founded: 1960
- Headcount: 501-1000
Adamjee Insurance Company Limited is a leading insurance company in Pakistan and UAE. They offer a wide range of insurance policies including fire, property, marine, car, motor, health and travel insurance. With a focus on customer satisfaction, Adamjee Insurance provides the best insurance coverage and aims to help individuals and businesses save money.
3. Magma HDI General Insurance Company Limited
- Website: magmahdi.com
- Headquarters: Mumbai, Maharashtra, India
- Founded: 2012
- Headcount: 1001-5000
- Latest funding type: Secondary Market
Magma HDI General Insurance Company Limited is an insurance provider in India offering a range of comprehensive general liability policies. They specialize in home insurance, personal accident insurance, engineering insurance, motor insurance, liability insurance, fire insurance, marine insurance, and miscellaneous insurance policies. Customers can compare different policies and choose the one that best suits their requirements.
4. 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.
5. Al Buhaira National Insurance Co.
- Website: albuhaira.com
- Headquarters: Sharjah, Sharjah, United Arab Emirates
- Founded: 1978
- Headcount: 201-500
- Latest funding type: Ipo
Al Buhaira National Insurance Company is a leading insurance company in Sharjah, Dubai, and Abu Dhabi, UAE. They offer a wide range of insurance products to suit clients' needs, including car insurance, health insurance, property insurance, marine insurance, and more. With a commitment to excellent service since 1978, they aim to help customers understand their risk exposures and provide protection through their insurance solutions.
6. J.B.BODA Group
- Website: jbbodagroup.com
- Headquarters: Mumbai, Maharashtra, India
- Founded: 1943
- Headcount: 501-1000
J.B.Boda Group is a global insurance and reinsurance brokerage firm with a presence in over 90 countries. We provide a range of insurance services including asset valuation, risk inspection, and insurance-related surveys. Our expertise spans across various industries such as aviation, agriculture, trade credit, and marine insurance.
7. 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.
8. 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.
9. Wells Insurance
- Website: wellsins.com
- Headquarters: Wilmington, North Carolina, United States
- Founded: 1920
- Headcount: 51-200
Wells Insurance is an insurance brokerage firm providing a wide range of insurance products and services. They offer commercial insurance, personal insurance, marine insurance, and employee benefits packages. With experienced professionals and a commitment to customer service, Wells Insurance aims to protect individuals, businesses, and properties.
10. Noord Nederlandsche P&I Club (NNPC)
- Website: nnpc.nl
- Headquarters: Haren (Gr.), Groningen, Netherlands
- Founded: 1937
- Headcount: 11-50
NNPC is an insurance company that provides fixed premium insurance solutions for inland shipping and marine industries. They offer excellent coverage and have a worldwide network of specialists to serve their clients.
11. 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.
12. Cover Genius
- Website: covergenius.com
- Headquarters: New York, New York, Australia
- Founded: 2014
- Headcount: 201-500
- Latest funding type: Series D
Cover Genius is an insurtech company that provides embedded protection for global customers. They offer a range of insurance and warranty products tailored for various industries, including travel, property, auto, cargo, and marine. Their solutions are accessible through a comprehensive API and can be integrated into eCommerce platforms. Cover Genius partners with leading digital companies to ensure the best services and peace of mind for their customers.
13. 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.
14. 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.
15. 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.
16. Apollo Syndicate 1969
- Website: apollounderwriting.com
- Headquarters: London, England, United Kingdom
- Founded: 2009
- Headcount: 51-200
Apollo is an independent specialist (re)insurer and service company dedicated to providing high quality products and services to clients, brokers, and capital partners at Lloyd's.
17. Premier
- Website: premiergroup.ca
- Headquarters: Vancouver, British Columbia, Canada
- Founded: 1989
- Headcount: 51-200
- Latest funding type: Acquired
Premier Group is a company offering specialty solutions and insurance products. They provide coverage for professional liability, commercial lines, pleasurecraft, and more. With multiple office locations in Canada, Premier Group is a reliable choice for insurance needs.
18. Berkley Aspire (a Berkley Company)
- Website: berkleyaspire.com
- Headquarters: Scottsdale, Arizona, United States
- Founded: 2005
- Headcount: 11-50
Berkley Aspire is a company that specializes in providing excess and surplus lines insurance policies to a wide range of customers. With a focus on fast turnaround and dedicated underwriters, the company aims to make the process of transacting insurance easy and efficient. They offer General Liability, Property, Inland Marine, and Excess policies through their appointed agencies in 49 states.
19. DUPI Group B.V.
- Website: dupi.com
- Headquarters: Rotterdam, Zuid-Holland, Netherlands
- Founded: 1988
- Headcount: 51-200
DUPI is an investment firm that has been investing in digitalization and data intelligence. They offer a portfolio monitoring tool and process. They specialize in Marine, P&I, CAR/Engineering, Property, Casualty, Charterers Liability, EURO P&I, and Shipping Defence insurance solutions for various business risks.
20. Pacific Marine Underwriting Managers Ltd.
- Website: pacificmarine.ca
- Headquarters: Burnaby, British Columbia, Canada
- Headcount: 51-200
Pacific Marine Underwriting Managers Ltd. is a Canada-based company specialized in pleasure craft insurance. They offer innovative products and tailored boat insurance policies suited for all boat owners. With flexible payment options and state-of-the-art online quote and bind system, Pacific Marine aims to provide a smooth and rewarding experience for their broker partners and clients.
21. Takagi & Associates, INC.
- Website: takagiinsurance.com
- Headquarters: Tumon, Guam, United States
- Headcount: 11-50
Takagi Insurance is a professional insurance consulting company that offers a wide range of insurance products for commercial and personal needs. With a team of knowledgeable professionals, they provide expert advice and assistance in navigating through the complexities of insurance policies.
22. JH Blades
- Website: jhblades.com
- Headquarters: Houston, Texas, United States
- Founded: 1952
- Headcount: 11-50
JH Blades is a company offering leading solutions for energy, marine, property, and cargo. They provide insurance services in these sectors.
23. 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.
24. Mediterranea Underwriting (MUW)
- Website: muwmarine.com
- Headquarters: Genova, Liguria, Italy
- Founded: 2020
- Headcount: 11-50
MUW Marine offers specialized marine insurance solutions for businesses involved in blue and brown water hull, cargo, inland marine, marine war, ports, and terminals. They provide tailor-made coverage for owners, brokers, and agents, with a focus on yachts/recreational marine, project cargo, and builders' risk.
25. Hellenic Hull Management Ltd.
- Website: hma.com.cy
- Headquarters: Piraeus, Limassol, Cyprus
- Founded: 1994
- Headcount: 11-50
American Hellenic Hull is a marine hull underwriter offering high-quality services for all types of vessels. It is a trade name of American Steamship Owners Marine Insurance Company (Europe), Ltd.
26. Costero Brokers Ltd.
- Website: costerobrokers.com
- Headquarters: London, England, United Kingdom
- Founded: 2017
- Headcount: 11-50
Costero Brokers is an insurance and reinsurance company providing tailor-made solutions for UK, US, and international clients. They specialize in hard to place risks such as political violence, terrorism, property, general casualty, marine, cargo, energy, healthcare, and personal cyber insurance.
Want to find more marine insurance companies?
If you want to find more companies that offer customized maritime risk solutions you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
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- Ownership: Which of these are private equity backed? Which are family-owned?
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...and a lot more!
