Review of the Marine Hull Insurance market - JLT

JLT Marine CapabilitiesAt JLT we constantly look toalign our business with theshipping industry and the varioussectors we serve. We aim tocontinue to be flexible enough todo that so we can continue toassist owners and operators withtheir existing exposures and alsotheir future aspirations.Our marine division is one of thelargest in the world looking after theinterests of some 5,000 vessels fromcoastal tonnage to USD1bln FPSOs.We also look after a third of theworld gas fleet and many of theworld’s largest port and terminaloperators. We place in excess ofUSD 260m of marine premium intothe market and handle over 1,500claims each year.We take pride in our service and thebusiness that we have grown aspart of a consistent team over anumber of years. We have anaverage of 14 years service withinour team. Our approach to businessis different from other brokers whichensures that we deliver the bestresults to our clients.Most importantly we understandthe shipping industry and thenumerous pressures of operatingin that arena. We ensure that thetime and effort and considerableexpense put into running operationsare fully appreciated by insurers.We structure deals that are sensitiveto an individual operator’s positionin the marketplace to enhance theirtrading position.We invest heavily in spending timewith our clients to understand theirtechnical operation, aspirations andculture. When accidents happenwe are there to swiftly get you backafloat. Our senior executives travelextensively to maintain this approachand we encourage the lead insurersto visit your operation for themselvesto facilitate an understanding andco-operation which is in our viewessential to getting the best value.We specialise in marine risks fromtraditional Hull and Machinery andP&I to Financial, Credit and Politicalrisks exposures. We maximise thecoverage with underwriters to ensurethat our clients get value for money.The size of our book also gives usthe capability to leverage the bestdeals for our clients. For example,we are the largest producer of tankerbusiness to the providers of COFRguarantees and hold a similar statuswith a number of the leading marineinsurers in the world.