Marine Reinsurance
Semurg Insurance offers comprehensive reinsurance coverage for marine hull and cargo risks. Our underwriters have the expertise and global experience to design secure tailor-made solutions to cover the most complex and critical risks. Our team of experienced marine experts will work with you to develop a reinsurance plan that reduces your risks and enhances the capacity and security of your business.
Cargo Reinsurance
Our international team of Cargo experts use their market knowledge and deep experience to deliver the best reinsurance coverage of the multiple risks associated with cargo across a wide range of industry sectors. Cargo reinsurance policy can be written for goods on land, sea, air and in storage in warehouses worldwide for all customer groups – from smaller local and regional companies through to large, complex multinational corporations.
We provide a comprehensive solution designed to suit our clients’ requirements, and our strong underwriting discipline ensures our clients are confident in the high quality of the coverage provided.
Risks covered:
- General Cargo Risks
- Bulk Commodity Risks, both Dry and Wet
- Heavy Lift Float On/Float Off Cargo
- Project Cargo including Delay in Start Up
- High Value Cargo/Specie Risks
- Cargo Owners Contribution to General Average and Salvage charges
- Shortage of bulk commodities
- Delay in Start Up Extensions to Project Cargo
- Overside Equipment Coverage
- And others
Marine Hull Reinsurance
Our experienced Marine Hull experts offer quality marine hull reinsurance protection at a cost-effective price. Marine Hull reinsurance policies can be written to cover a wide variety of vessels from single vessel to the whole fleet of a ship-owner, from super yachts to LNG carriers and cruise ships.
Our underwriters have the knowledge and market-leading expertise to design a tailor-made solution to cover essential, complex and critical risks related to marine hull.
Risks covered:
- Perils of the seas, rivers, lakes or other navigable waters
- Fire or explosion
- Violent theft by persons from outside the Vessel
- Jettison
- Piracy
- Breakdown of or accident to nuclear installations or reactors
- Contact with aircraft or similar objects, or objects falling there-from, land conveyance, dock or harbor equipment or installation
- Earthquake, volcanic eruption or lightning
- Accidents in loading, discharging or shifting cargo or fuel
- Bursting of boilers, breakage of shafts or any latent defect in the machinery or hull
- Negligence of Master, Officers, Crew or Pilots
- And others