Full protection by specialist in Marine Cargo, Hull and Liabilities (including Protection & Indemnity)
In a complex international environment for transport and logistics, there are a variety of risks for vessels and their cargo when merchandise is being transported between buyers and sellers in both domestic and global markets. Wherever cargo is being moved, there are risks present throughout the transport chain for the owner of the cargo whether it be the manufacturer, trader or purchaser. These risks range from loss and damage due to an accident, an act of God, inappropriate handling, theft, and robbery. Insurance cover against political and social risks is also becoming more important and it is vital to have experts who are familiar with the environment and can offer you tailor-made solutions.
For well over 100 years, QBE has been providing insurance protection for commercial hull, pleasure craft and cargo risks. We offer the international capabilities and the coverage capacity that comes from being part of a global insurance group.
We have brought together the expertise of QBE business operations in the Asia markets to create a QBE Marine Risks Network that offers comprehensive marine insurance protection to clients in select Asia markets covering:
- Marine Cargo
- Marine Hull and Pleasure Craft
- Marine Liabilities
- - Charterers' Liability
- - Marine Professional Indemnity
- - Ship Repairers' Liability
- - Transport Operators' Liability
- - Ships Owners' Protection and Indemnity
Protection & Indemnity (P&I) by Specialist
QBE Asia P&I is a collaboration between QBE Insurance (Singapore) Pte Ltd and British Marine, the two P&I providers within the QBE Group. QBE was founded in 1886 principally to provide insurance and solutions for risks comprising of but not limited to transportation, storage, ships, and land. British Marine was founded as a mutual in 1876 and is the largest and longest established P&I insurer outside the international group. The collaboration draws on the strengths of both operations to create a single, enhanced and comprehensive facility for the region.
QBE Asia P&I specialises in the underwriting of insurance for owners of small- to medium-sized merchant ships (customarily up to 10,000 GT), specialist craft, and fishing vessels operating in the region. By being served by an independent Insurance company, clients can feel secure in the knowledge that the premium they pay will not be subject to unbudgeted additional premium charges and that claims and underwriting are driven by the provider and not by reinsurers.
We are able to offer fixed cost insurance backed by Standard & Poor’s ‘A+’ rated security, whilst maintaining the tradition of mutual insurance in providing a high level of service to all our clients.
For more information, you can also visit the British Marine website at http://www.british-marine.com
* The above only serves as a general description of our products and services in our Asia Pacific Operations. Please note that not all the products are offered in all markets. To check on the availability in your market simply click the Product Finder on the left for availability in your market. For product details and coverage, please check with your local insurance broker or a QBE authorised agent.