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.
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