live
Mar-01
Marine Reinsurance

Marine Solutions

Hull, cargo and marine liability capacity for commercial vessels, tankers and fleet risks.

#reinsurance
Underwriting Focus

Semurg Appetite

Capacity
Up to $50M, subject to risk profile, structure and underwriting approval
Coverage Focus
Hull & Machinery, Marine Cargo, selected marine liability and P&I-related exposures
Target
Commercial vessels, tankers, cargo portfolios and fleet risks
Geography
Selected international trading routes across Asia, South America, the Caribbean, Australia, Sub-Saharan Africa, MENA and CEE/CIS, subject to sanctions and accumulation review
Asset Type
Commercial vessels, tankers, offshore support vessels, marine cargo portfolios and port-linked logistics
Lifecycle
Operational / Voyage / Storage & transit
Structure
Facultative and treaty placements
Exclusions
Sanctioned vessels, prohibited cargo, undeclared route deviation and unmanaged high-risk accumulation
Marine

Marine risks require more than vessel data. Effective underwriting depends on route exposure, cargo profile, vessel condition, sanctions review, accumulation control and claims history — and Semurg is built to handle all of it.

Scope

What we cover

  • Commercial cargo vessels

    • Container ships
    • Bulk carriers
    • General cargo vessels
  • Tankers

    • Crude oil tankers
    • LNG and LPG carriers
    • Bunker tankers
  • Passenger and service vessels

    • Ferries
    • Barges
    • Tugboats
  • Fleets

    • Commercial
    • Cargo
    • Tankers
  • Infrastructure

    • Ports
    • Terminals
    • Port-linked logistics
Underwriting Scope

Coverage

Core coverage

Hull & Machinery
Physical loss or damage to insured vessels, machinery, equipment and onboard systems
Marine Cargo
Loss or damage to insured cargo during transit, storage or handling
Marine property
Property damage to marine infrastructure

Liability

Marine Liability / P&I Risks
Selected third-party liability, crew, pollution and operational exposures connected to vessel operations.

Excluded: Extensions: War, piracy, strikes, salvage, general average and additional route-specific extensions may be considered where agreed.

Out of appetite and exclusions

Sanctioned vessels, owners, cargo or counterparties
Prohibited or undeclared cargo
Undeclared trading areas or route deviations
Known unseaworthy vessels or unresolved class issues
Poor maintenance or known defects
War, piracy or political violence unless specifically agreed
Differentiators

Semurg's edge

Human & AI Synergy

  • Underwriter-led risk selection

    Marine capacity is assessed on route exposure, vessel condition, cargo profile and fleet accumulation. Underwriting decisions remain with experienced marine specialists — AI analytics support the assessment, not replace it.

  • AI-assisted submission intelligence

    Proprietary analytics cover sanctions screening, cargo exposure mapping and route risk profiling — providing structured exposure data at submission stage, before binding decisions are made.

  • Portfolio and accumulation control

    Continuous monitoring across vessels, cargo portfolios, ports and trading routes enables consistent risk selection and accumulation management at both placement and programme level.

  • Technology-enabled operations

    AI-supported workflows across underwriting, bordereaux, accounting, compliance and regulatory reporting — reducing administrative friction for brokers, MGAs and cedants across the placement lifecycle.

Structuring & Placement Capabilities

  • Selective appetite across underserved geographies

    Active capacity across trading routes and jurisdictions where standard market participation is limited — including Sub-Saharan Africa, MENA, CEE/CIS and selected Asia-Pacific corridors.

  • International market access

    Cross-border placement capabilities across global insurance and reinsurance markets — facultative and treaty structures placed directly without intermediary layers.

  • Efficient placement execution

    Submissions receive a substantive response from the underwriting team directly. Standard marine risks are assessed and quoted without escalation delays.

  • Claims and settlement coordination

    Cross-border claims handling with technical and operational oversight at placement level — supporting brokers and cedants through notification, assessment and settlement across jurisdictions.