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Marine hull
Chubb Commercial Insurance

Chubb are recognised market leaders in marine hull and our underwriters have considerable experience of a broad range of risk types and territories.  They have strong, well established relationships with key clients and insurance intermediaries, both in the UK and overseas.

With a normal maximum line of $25m, our portfolio is international and varied, consisting of both easily recognisable ocean going passenger and cargo carrying tonnage alongside more isoteric and specialised risks such as fast craft, power barges, floating production and/or storage units, cable lay vessels and mining ships for example.

Committing security that is amongst the best available in the international market, Chubb’s underwriters are known for their considered and detailed approach to risk and risk selection and for maintaining an extremely high level of continuity and stability throughout the period of a market cycle and beyond.

Whilst a wide variety of coverage is provided, the majority of conventional policies underwritten provide full form coverage for first party physical damage, often in conjunction with third party collision liability.

A number of related interests are also considered including:

•        mega-yachts
•        short and long period construction and conversion risks
•        war risks
•        mortgagees and innocent owners interests
•        increased value and other total loss interests
•        marine property
•        marine peril related business interruption

In conjunction with other Chubb lines of business, we also consider business on a package basis.

We lead a significant proportion of contracts written with the majority of business accepted through Lloyd’s brokers on an insurance or facultative reinsurance basis.  Chubb also consider proportional reinsurance treaty business for specific territories where appropriate.

Working in close partnership with clients, Chubb will often commission the services of specialist consultants in assessing both the condition and management of a particular asset.