Have you ever asked yourself if the marine industry plays a positive role in society? Residual Value Insurance helps companies manage asset value risk by guaranteeing that a properly maintained asset will have a specified value at a future date. It is a product suitable for lessors unwilling or unable to take asset risk and from investors wishing to limit their downside.
Edge will discuss cyber insurance solutions at a seminar arranged by Danish law firm Bech-Bruun. Covered solutions are tailored to maritime organizations and developed with market leading underwriters. US Marine General Thomas Waldhauser has said that famine could be a major cause of the re-emergence…. Blocking and Trapping Insurance responds if the vessel or vessels are physically blocked or trapped in ports, rivers, waterways, channels, or similar due to congestion, accidents or external physical damage caused by civil risks, war risks, nature cats and force majeure events.
The insurance pays an agreed daily indemnity. An Expropriation Insurance reduces these risks. Marine Risk is the only thing we do, so we know it well and have attracted others who share our passion.
An independent group of specialist brokers, we work together, punching above our weight on the global stage. We value teamwork and promote an open, relaxed, yet highly professional culture. We believe everyone can add value; we listen and respond positively to our clients and each other.
We enjoy the search for new solutions, sharing knowledge and innovating together. Financial Institutions and their clients are at risk of non-payment under Letters of Credit and other Instruments issued in accordance with UCP and received from overseas Banks. Insurance can be arranged to cover the risk of default by the obligor bank as well as political issues preventing payment. Loss of Hire insurance covers daily loss of income following a physical damage to the vessel.
The global marine insurance market is expected to grow at a compound annual growth rate of 2. Expropriation - Mobile Assets. Loss of Hire Insurance.More...