Marine Hull - MS Amlin plc Hull 3 Understanding the market Whether you’re looking to protect a...

Marine Hull 1

Marine Hull

Insurance

Marine Hull Brochure.2017 Final.indd 1 07/09/2017 13:04:51

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MS Amlin is a leading insurer and reinsurer,

and part of the global top-10 insurance group

MS&AD. With a 100-year record and more

than 2,000 people in 26 locations worldwide,

we deliver continuity for businesses

facing the most complex and demanding

risks. In turn, this promotes continuity

and prosperity around the world.

Our Marine and Aviation business• Aviation insurance • Cargo insurance • Energy insurance • Hull insurance • Liability insurance• P&I insurance • Specie insurance• War insurance• Yacht insurance


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Understanding the market

Whether you’re looking to protect a small tugboat, an inland hull craft or a large cruise vessel, hull insurance is an important product in today’s marine industry. As well as paying for necessary repairs to your vessel’s hull, it covers the cost of machinery malfunctions and problems with on-board equipment. So if anything goes wrong, you don’t have to worry about the financial implications of putting it right.

In an industry that faces more than its fair share of risks, choosing an experienced insurance partner makes a big difference. Price is important, but so too is having access to the right help, support and expertise whenever you need it – because situations can often change at a moment’s notice.

At MS Amlin we like to give you the best of both worlds. By taking the time to get to know your business, we deliver highly competitive products that match your individual requirements. Plus we have experts on hand to guide you through every step of the process – from your initial quote, right up to and including the time you may need to make a claim.

“Experience means a lot in the Hull insurance industry. Our knowledge and know-how helps to minimise your financial risk and keep your business afloat if anything goes wrong.”René van de Wiel Regional Manager Marine Hull (Europe) Global Product Group Leader Hull


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“By listening to our customers, we have learnt to focus on what’s important.”

Andrew Davies Hull Underwriter


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Why partner with us?

In such a complex market, we believe that the finer details often make a big difference. So as well as delivering a first class service, we make a point of keeping our processes simple, straightforward and always in your best interests.

Commercial consistencyWhatever business you’re in, you can expect a consistently high level of support, regardless of the size of the risk. If it helps, we can talk over the phone, in person or even visit your company on-site to get a better understanding of your requirements.

Creativity and flexibilityIf you are looking for a bespoke product, we are happy to make changes to our standard terms and conditions. Ultimately, our aim is to work in a commercially fair way and come up with a solution and that’s right for you.

Cross class solutionsAs a one-stop-shop for all your insurance needs, we offer a single access point to multiple product solutions. Alongside hull insurance, we have a full range of marine and aviation products, plus property and casualty options that are relevant to many types of business.

Strong working partnerships We know how important working relationships are in this industry, which is why we are committed to providing you with clear communication, competitive pricing and compatible products. Plus we always try to adapt our behaviour to the specific needs of your business.


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Our underwriting team

Our specialist underwriters are on hand to work with you and offer advice any time you need it. With a wealth of knowledge at our disposal and a proven track record in hull insurance, you can be confident that our cover will always reflect the true nature of your business.

Global

René van de Wiel Regional Manager Marine Hull (Europe)Global Product Group Leader Hull

[email protected] +31 10 799 58 19

London

Paul Western Lead Underwriter responsible for Syndicate 2001 Hull

+44 (0)20 7746 4328 [email protected]

Richard Lurcott Senior Underwriter

+44 (0)20 7746 1708 [email protected]

Andrew Davies Underwriter

+44(0)20 7702 6396 [email protected]

Steven Baker Underwriter

+44(0)20 7746 7515 [email protected] Antwerp

Ann Dekkers Underwriter

+32 3 222 27 21 [email protected]

“Our clients come to us because of our great products and offerings; they stay with us because of our first class service” Er Jun Regional Manager & Senior Underwriter


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Rotterdam

Marco Visser Lead Underwriter, Ocean Hull


Pim de Pooter Underwriter, Ocean Hull


Aram Stoop Lead Underwriter, Builders risk and point of reference for Builders risk Global


Bob Houtman Lead Underwriter, Landbased equipment


Carlo van Amen Underwriter, Landbased equipment


Rob Mouthaan Lead Underwriter, Inland Hull


Paris

Erwan Le Hénaff Underwriter

+33 1 44 70 73 17 [email protected] Dubai

Alex Becker Regional Manager & Senior Underwriter

+971 (0) 4709 6903 [email protected]

Mark Phythian Underwriter

+971 (0) 4709 6905 [email protected] Singapore

Er Jun Regional Manager & Senior Underwriter

+65 6557 0730 [email protected] Hong Kong

Timothy Lee Underwriter

+852 2855 6931 [email protected]


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“Putting together bespoke insurance products is relatively easy. But making them relevant, up-to-date and competitive is what sets us apart from so many of our competitors” Paul Western Lead Underwriter Hull


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Our products

Backed by an impressive team of underwriters, we cover vessels of many shapes and sizes.

Our expertise across all aspects of the shipping world has helped us build a particularly strong reputation in shipbuilding, dredging and offshore supply. But we also cover plenty of niche products, including loss-of-hire, mortgagees interest and towages.

Specialist areas • Offshore supply vessels• Shipyards• Inland Hull• Heavy lift vessels• Tugs/barges• Fishing vessels • Cruise vessels• Landbased equipment


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Our clients

Our Hull insurance portfolio is broad and diverse, both in terms of the products we offer, as well as the vessels and clients we help protect. Through offices around the globe we can service our clients with a global view and a local touch. With daily contact between our offices, and single, unified strategy, we are able to bring you the most appropriate solution.

As a leading global insurer, we are very comfortable handling complex, high value accounts, but equally competitive when it comes to smaller business requirements. So whether you represent a large bank or a small trading company, we are happy to assess all types of risk.

Providing you with the right options, in the right locations.

“With clients looking to insure vessels all over the world, our regional offices help us adapt our service to suit their individual needs and location.” Alex Becker Regional Manager & Senior Underwriter


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Our service

In such a specialist market, we know how important it is to be on hand and available whenever you need us. So we respond quickly to your requests, tailor our solutions to your individual needs and work closely with you to make sure that everything runs smoothly.

“Our clients come to us because of our great products and competitive pricing; they stay with us because of our first-class service.” Er Jun Hull Underwriter MS Amlin

Worldwide supportWith offices all around the world, we understand international risks and regional insurance practices better than most. It means we can offer worldwide cover, with genuine insight and a practical working knowledge of most geographical areas.

Expert underwriting We don’t let complex risks get in the way of a high-quality cover. Our talented underwriters relish a challenge and use creative thinking, to come up with competitive solutions that are in your best interests.

Intelligent data analysisOur sophisticated underwriting tools provide us with all the information we need to make instant decisions. It means our calculations are more accurate, our pricing is more realistically competitive and your cover is in place that bit quicker.

Experienced advisersWhether you’re dealing with us face-to-face, over the phone or online, we are friendly, approachable and transparent. If there are any issues, we will tell you; if you have any questions, we will answer them and if there’s anything you’re unsure about, we will explain it.

Efficient claims handling We know that when a vessel is out of action, it can have a significant impact on our client’s income. So we do our best to keep stress levels to a minimum – by giving you direct access to our experienced claims handlers, helping with the logistics and processing payments quickly.

“People matter in this industry, which is why we go out of our way to employ the very best.” Aram Stoop Lead Underwriter, Builders Risk


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We provide a host of alternative solutions for clients in terms of access to capital as well as packaged or monoline products, so you can be confident in the strength of our security, and the stability this provides.

Our underwriting subsidiaries are highly rated for their financial strength. We also benefit from the exceptionally high ratings of the MS&AD Group, one of the top-10 largest non-life insurers in the world, as well as being part of the Lloyd’s of London Chain of Security.

£3,005m2016 Gross written premium

£2,908m2016 Net assets*

+20yrsWealth of experience Senior Management average years industry experience

£100mClaims services Amount of funds settled using MS Amlin Advance to date

OVE

R

MS Amlin at a glance

Continuity through financial strength

* The increase in net tangible assets is largely attributable to the acquisition of MSILM and MSFRe, and an equity injection by MSI Japan to replace the subordinated debt of MS Amlin. Other factors contributing to the increase are defined within the MS Amlin plc Annual Report on pages 15-16.


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Financial strength

*Lloyd’s syndicate assessment

MS&AD Group

A+ (Stable) AM Best

A+ (Stable) S&P

A1 (Stable) Moody’s

Syndicate 2001

A (Excellent) AM Best

4+ (Stable)* S&P

A1 (Stable) Moody’s

45%

2016 Gross written premiumby strategic business unit

40%

15%

ReinsuranceProperty & CasualtyMarine & Aviation

GWP£3,005

2016 Gross written premium by geography

18%

31%

26%

25%

North AmericaEuropeUKOther

GWP£3,005

2016 Gross written premium by M&A product group

HullCargoYachtP&I WarLiabilityAviationEnergySpecie

3%

7%

10%

10%

11%

11% 12%

16%

20%

GWP£459m

Amlin Insurance SE

A (Stable) S&P

Lloyd’s

A (Excellent) AM Best

A+ (Strong) S&P

AA- (Very Strong) Fitch


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We look forward to working with you

For further information please contact the relevant expert on pages 6 & 7,

or visit us online at msamlin.com

Our offices

UKWe offer extensive broker support in the UK and write a large proportion of our Hull insurance business through our Lloyd’s of London, Syndicate 2001.

EuropeWith key offices in Rotterdam, Antwerp and Paris, we work closely with our brokers to offer a range of regional Hull insurance options.

Asia and Middle EastFrom our offices in Singapore, Hong Kong and Dubai, we work with Lloyd’s brokers on a full complement of Hull insurance solutions.


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040301

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01. LondonMS Amlin Underwriting Limited The Leadenhall Building 122 Leadenhall Street London EC3V 4AG

T: +44 (0)20 7746 1000

02. ParisAmlin Insurance SE 58 bis rue La Boétie F-75008 Paris France

T: +33 (0)1 44 70 7100

03. AntwerpAmlin Insurance SE Century Center de Keyserlei 58-60 box 6 B-2018 Antwerp Belgium

T: +32 (0)3 222 27 11

04. RotterdamAmlin Insurance SE Beurs World Trade Center Beursplein 37 3011 AA Rotterdam Netherlands

T: +31 (0)10 799 58 00

MS Amlin Marine N.V. Fascinatio Boulevard 622 2909 VA Capelle A/D Ijssel Netherlands

T: +31 (0)10 242 50 00

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05. HamburgMS Amlin Marine N.V. Axel-Springer-Platz 3, 20355 Hamburg Germany

T: +49 (0)40 8090 84010

06. DubaiMS Amlin (MENA) Limited Level 3 Precinct Building 2 DIFC P.O. Box 506929 Dubai – UAE

T: +971 (0) 4709 6900

07. SingaporeMS Amlin Asia Pacific Pte Ltd 138 Market Street, #03-01 CapitaGreen Singapore 048946

T: +65 6557 0580

08. Hong KongMS Amlin Asia Pacific Pte Ltd Level 3 Three Pacific Place 1 Queen’s Road East Admiralty Hong Kong

T: +852 2855 6930

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MS Amlin The Leadenhall Building 122 Leadenhall Street London EC3V 4AG

Tel: +44 (0)20 7746 1000

msamlin.com

© August 2017. The information contained herein is intended to be for informational purposes only and is correct at the time of printing. This brochure is not, and is not intended to be construed as, an offering of MS Amlin securities in the United States or in any other jurisdictions where such offers may be unlawful. The services and products mentioned in this brochure may not be available in the United States or in jurisdictions where Lloyd’s does not have a trading license. Potential insureds should consult with an appropriately licensed broker in their area for further information.

MS Amlin Underwriting Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under reference number 204918. Registered office The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AG. Registered in England Company No. 02323018.

Amlin Insurance SE is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under reference number 202062. Registered office The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AG. Registered in England. Company No. SE000095.

MS Amlin (MENA) Limited is regulated by the Dubai Financial Services Authority (DFSA). MS Amlin (MENA) Limited may only undertake the financial services activities that fall within the scope of its existing DFSA licence. MS Amlin (MENA) Limited’s principle place of business in the DIFC is MS Amlin (MENA) Limited, Level 3, Precinct Building 2, Dubai International Financial Centre, Dubai, United Arab Emirates. P.O. Box 506929. This document is intended for Professional clients only as defined by the DFSA and no other person should act upon it.

MS Amlin Asia Pacific Pte Limited is approved by the Monetary Authority of Singapore to underwrite on behalf of the members of Syndicate 2001 at Lloyd’s. Registered in Singapore No. 200711910C Registered office 138 Market Street #03-01 CapitaGreen Singapore 048946. Registered Non-Hong Kong Company 35F Central Plaza, 18 Harbour Road, Wanchai, Hong Kong Cr. F0021764


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