Marine and energy insurance
Markel has always been a leading Hull underwriter in the London market and is now able to offer the same service and expertise in Asia. We are able to quote and support hull and machinery, builders risks, increased value, mortgagees interests and war risks from our office in Singapore. With dedicated resources locally we can offer the required flexibility and responsiveness to our clients needs throughout the Asia Pacific region. We insure both Blue and Brown water vessels as well as all types of craft involved in the energy sector. Markel writes all classes of marine liability including ports and terminals, ship repairers and marina operators. We are able to consider both standard and bespoke wordings giving us the flexibility and responsiveness to service clients in all disciplines of the marine sector. Markel is a respected cargo lead underwriter and is able to consider all types of exposures from simple transits to large and complex project cargoes and multi-billion dollar turnover commodities accounts. We are able to offer a wide range of coverage including consequential loss as well as war and strikes cover in areas of perceived enhanced risk. With dedicated local resources we are able to service clients needs across the Asia Pacific region.
We are an established insurer of marine liabilities offering traditional and tailored coverage across Asia to a diverse customer portfolio. Our marine liability team is recognized as one of the market leaders regionally and across the globe. We lead any of the marine facilities offered through the Lloyds market and are regularly called upon to deliver presentations, training and advice to many of the regions trade associations and at industry forums. We travel widely and frequently throughout the region meeting brokers, cedant's, assured's and regulators. We offer direct insurance where licensed to do so, plus, traditional facultative re-insurance and work with many insurers on a co-share basis.
The modern day energy industry is a complex risk environment that needs cover for onshore and offshore operations, as well construction of new assets. Markel is a long-established leader in this specialist sector, drawing on the expertise of underwriters with international market experience. The Singapore Energy team is able to offer the Asian market-place a broad range of energy insurance products that are specifically tailored to the needs of our clients. Together with our industry-leading claims management team, Markel offers a world-class, integrated insurance product. Clients need an insurance partner that specializes in highly technical, bespoke insurance products, with the expertise to build flexible, innovative solutions and which is backed by longstanding financial stability to meet their ever evolving needs.