Maritime Trade is a crucial component of the global economy as it plays a vital role in economic development. The industry is predicted to grow in the future and new technologies are being developed to improve efficiency and reduce environmental impact.

As a result Marine insurance is a key division within SiriusPoint's International business, and our company strategy is to be a best in class insurer within this market.

General Union Insurance underwrites marine insurance across its global platforms and is expanding its insurance book through its London branch.

The Marine insurance strategy includes underwriting corporations involved in every facet of the marine industry, from ship building, ports & terminals, to the vessels carrying the cargo. We work with every ancillary industry associated with the marine industry, including the marine leisure market, from marine operators to privately owned pleasure craft.

We support insurance brokers to develop partnerships with clients of every description involved in the Marine Industry and offer capacity support to Consortia and Managing General Agents, (MGAs), based on their risk appetite alignment and synergy with our own expertise, vision and values.

Our Marine Insurance offering includes:

• 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

General Union Insurance Marine Cargo Offering

Our Core Product offerings are:

• All Risks of Loss or Damage to Cargo, based on internationally recognised clauses and bespoke market wordings
• Cargo Owners Contribution to General Average and Salvage charges
• Shortage of bulk commodities
• Delay in Start Up Extensions to Project Cargo
• Overside Equipment Coverage

Territories covered:

Worldwide.

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