Lockton offers a range of products and services to meet business insurance needs around the world.

PRODUCT

Marine, Hull & Cargo

Marine Insurance Designed for your Needs

As the shipping world continues to contend with rapid industry change such as oversupply and reducing demand, increasing regulation and security concerns, the risk challenge of protecting ships and associated maritime infrastructure continues to grow.

Serving maritime industries including offshore, logistics, ports and terminals, cruise and passenger, bulk and commodity traders and marine construction, we are experts in marine insurance solutions both locally and globally.

Our marine practice group in Asia has industry leading knowledge and experience to advise on all marine related risk, as well as market relationships with insurers all over the world. Lockton has a truly global team of experts located in all major insurance and shipping hubs.

Our Products and Services

The core products and services we specialise in are:

Cargo and transit

  • Professional carriers and goods in transit carriers

  • Goods in transit - single and annual policies

Liability

  • Comprehensive general liabilities, including contractual liability

  • Terminal operators’ liabilities

  • Ship repairers’ liability

  • Transport / logistics / freight forwarders’ liabilities

  • Professional liability

  • Excess marine liabilities

  • Portfolio marine liability reinsurance risks

  • Special risks

Hull

  • Hull and machinery

  • Increased value, freight, and anticipated owners’ interest

  • War and terrorism, kidnap and ransom

  • Loss of hire and loss of revenue

  • Construction and builders’ risks

  • Mortgagees’ interest and mortgagees’ additional perils

  • Super yacht insurance

Protection and indemnity

  • Mutual and fixed premium cover

  • Charterers’ liability, including damage to hull and bunkers

  • Specialist operations, salvage operations and towage

  • Mutual club exclusion buy backs (non-poolable risks)

  • Liabilities arising from ownership or custody of cargo

Key Contacts - Marine Greater China

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Alan Wu

Senior Vice President, Marine, Specialty & Reinsurance - Greater China
alan.wu@lockton.com

Lin Xiaojun - Senior Partner - Greater China
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Xiaojun Lin

Senior Partner - Greater China
xiaojun.lin@lockton.com
+852 2250 2878

Latest News & Insights

As we observe Fire Prevention Month in March, businesses throughout Asia must remain vigilant against potential fire hazards. While the region contends with various natural disasters, such as typhoons and earthquakes, fires have also left their mark on the history of many countries, emphasizing the critical need for proactive measures in fire prevention and safety. Recent data from various fire departments across Asia highlights a troubling trend, with recorded fires witnessing an alarming increase compared to previous years. Contributing factors to this surge include heightened electricity demand during certain seasons, potentially straining power grids, as well as the presence of combustible materials that are susceptible to ignition.Through the fire: Learning from Fire Incidents in Asia

Cargo market remains stable amid global conflicts

The London cargo market continues to prove its stability to assureds in 2024 due to increased capacity, new entrants trading more actively since early 2023, a relatively static January reinsurance treaty renewal season, and more balanced profitability booked over the past few years. However, insurers’ reaction to geopolitical conflicts may require creative solutions and persistent negotiations to ensure appropriate protection.The London cargo market continues to prove its stability to assureds in 2024 due to increased capacity, new entrants trading more actively since early 2023, a relatively static January reinsurance treaty renewal season, and more balanced profitability booked over the past few years. However, insurers’ reaction to geopolitical conflicts may require creative solutions and persistent negotiations to ensure appropriate protection.

Steven Goldenberg joins Lockton leadership team as Executive Vice President, Operations

Steven Goldenberg joins Lockton leadership team as Executive Vice President, Operations  Steven Goldenberg joins Lockton leadership team as Executive Vice President, Operations

A Playbook Against MOAB: Preventive Measures Against the Mother of All Breaches

In 2023, a staggering 2,000 companies and government entities disclosed data breaches affecting over 400 million personal accounts. Recently, an alarming discovery unveiled a large data repository, totalling 26 billion records from past breaches, encompassing user data from major platforms like LinkedIn, Twitter, Adobe, and Canva. This unprecedented breach is now dubbed the Mother Of All Breaches (MOAB).In 2023, a staggering 2,000 companies and government entities disclosed data breaches affecting over 400 million personal accounts. Recently, an alarming discovery unveiled a large data repository, totalling 26 billion records from past breaches, encompassing user data from major platforms like LinkedIn, Twitter, Adobe, and Canva. This unprecedented breach is now dubbed the Mother Of All Breaches (MOAB).
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