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
We are pleased to announce that Nitin Verma will assume the additional responsibility of leading Lockton India's Professional and Executive Risk Practice, while continuing in his current role as Head of Growth, Corporate Solutions Group. The Professional & Exe ...
