THB MARINE. Creative solutions for challenging and complex risks THBGROUP.COM

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1 THB MARINE Creative solutions for challenging and complex risks THBGROUP.COM

2 OUR OFFERINGS CARGO & STOCK THROUGHPUT WAR & PIRACY HULL & MACHINERY PROTECTION & INDEMNITY MARINE LIABILITY PORTS & TERMINALS

3 OUR SERVICE Established in 2006, we believe our Marine team offers an unparalleled combination of strength, scale and personalised service. We also appreciate that an insurance policy is only as good as the claims that are covered and settled from it, and in this arena we pride ourselves on providing you with a quality service. From first advice to final settlement our aim is to minimise delays and turn around the collection with minimal inconvenience to our client. With the backing of parent company AmWINS Group, Inc. the largest Property & Casualty wholesale broker in the United States we believe THB has the commercial and intellectual resources required to meet the most exacting demands of clients around the world. THB is a top 10 global reinsurance broker, placing $1.8 billion in annual premiums. And as part of the AmWINS Group, we are a top 10 contributor at Lloyd s, placing $1.1 billion into the Lloyd s market that s 3% of all Lloyd s premium. 3

4 CARGO & STOCK THROUGHPUT BENEFITS Whenever there is a movement of goods internationally, commercial terms of trade impose requirements for cargo insurance. Such insurance should be tailored to fit the operation of the Insured whether it be a straightforward transit from warehouse to warehouse or a more complex import, production, storage and distribution risk (i.e. a Stock Throughput policy). We offer a broad range of products both from Lloyd s and specialist insurers in the European, Far East and American markets to cater for the exposures faced by importers, exporters, wholesalers, distributors and manufacturers world-wide. THB Marine has extensive experience and technical knowledge when it comes to providing customised solutions in a number of specialist areas of the industry. SPECIALIST AREAS Commodities Oil and petroleum products Frozen and chilled goods Agricultural Manufactured goods Construction and project cargoes Containers and equipment At any one time we have a number of comprehensively worded, high limit, market-leading programmes in place which enable us to quickly provide premium indications and to incept cover at short notice. COVERAGES INCLUDE: Physical Loss or Damage Political Risks Business Interruption Trade Disruption 4

5 WAR & PIRACY BENEFITS Piracy has become more common in recent years and is now a pressing issue for Owners, particularly those trading into or via the Middle East who are most often the targets of threats towards their vessels. Other areas of increased activity are West Africa and Indonesia. Ship security, crew safety and the associated risks of War and Piracy are now more widely available within the Lloyd s market and cater not only for Owners, but, also for Charterers who potentially have an exposure to lost earnings should a vessel be seized. COVERAGES INCLUDE: War Risks Terrorism Piracy Kidnap and Ransom Loss of Charter Hire Charterers loss of earnings 5

6 HULL & MACHINERY BENEFITS The team has an ever-growing portfolio of both Owners and Insurers that spans the globe. For many years this has been a fiercely competitive market - now as THB Marine, with new markets and a worldwide network of marine specialists, we believe we can offer an improved service to provide the best coverage at the most competitive pricing in the continually expanding Hull and Machinery market. SPECIALIST AREAS Hull and Machinery Increased Value/ Disbursements Loss of Charter Hire Voyage/Towage/ Break Up Risks Mortgagees Interest Freight Interest Builders Risks/Construction 6

7 PROTECTION & INDEMNITY BENEFITS Though originating over 150 years ago to pool areas of risk not covered by early marine underwriters, P&l Clubs are now governed by the same rules and regulations as the commercial insurers and so are far more transparent in their approach to underwriting. We make it our business to keep our clients advised of market trends in both the mutual and commercial market, so that they can make informed and timely decisions with the aim of keeping them ahead of their competitors. With a wide range of experience within our P&l team, much of it gained in overseas offices, we believe we are recognised by the P&l Insurers as one of the stronger and more active brokers in the market. COVERAGES INCLUDE: Protection and Indemnity Charterers Liability Freight Demurrage & Defence COFR Bunker/CLC Blue Card Specialist Operations/ Offshore 7

8 MARINE LIABILITY BENEFITS As societies worldwide become increasingly litigious, our clients have to assume additional contractual liabilities on a regular basis which often require increased limits, as well as far more complex coverage issues than ever before. Our liability experts tailor both primary and excess policies on a regular basis for a wide range of operators, from all areas of the maritime industry. SPECIALIST AREAS Marine General Liability Ship Repairer s Liability Marina Operator s Liability Underwater and Over-Side Equipment Specialist Operations Offshore Operations Marine Employer s Liability (US Jones Act) Stevedores Liability Errors & Omissions Warehouseman s Liability 8

9 PORTS & TERMINALS BENEFITS We have a strong and wide-ranging book of clients in this class of business. Each client presents a different risk profile that we assess and to which we tailor coverages accordingly. Our aim is to provide each client with the best coverage, with the strongest Insurers at the most competitive pricing levels. Our portfolio ranges from Terminal Operators, Port Authorities, Ship Agents, Warehouse and Transport Operators right through to Logistic Operations, Freight Forwarders and NVOCCs. COVERAGES INCLUDE: Physical damage to port property - buildings, cranes, handling equipment Loss of or damage to cargo under our client s care custody and control Loss of or damage to owned or leased cargo handling equipment Liability to third parties for property damage, injury, death or disease Port Authorities property and liability arising from regulatory breaches Business Interruption and blockage of ports and channels Professional Indemnity covering negligent acts or omissions of staff 9

10 COFR WHAT IS IT? A COFR is a vessel Certificate of Financial Responsibility for Water Pollution which is issued in accordance with the Oil Pollution Act of 1990 (OPA 90) and CERCLA. Operators are no longer required to carry a paper copy as this document is verified electronically.

11 COFR Who requires a COFR? Vessels over 300 GT trading to the USA are required to hold a valid COFR. What US Territories outside of the contiguous U.S.A require COFR? American Samoa Baker Island Guam Hawaii Howard Island Jarvis Island Johnston Atoll Kingman Reef Midway Atoll Northern Marianas Palmyra Atoll US Virgin Islands Wake Atoll What is required for a COFR Application? In order to obtain a Certificate of Financial Responsibility we will require: Vessel Name IMO Number Gross Tonnage Year Built Vessel Type P&I Letters of Entry/Undertaking 11

12 THB MARINE THB MARINE +44 (0) TOBY KAYLL MANAGING DIRECTOR T: +44 (0) E: CHARLES RAWKINS BROKER T: +44 (0) E: ALAN STEWART DIRECTOR T: +44 (0) E: KEITH REARDON DIVISIONAL DIRECTOR T: +44 (0) E: DARREN CRUMP SENIOR BROKER T: +44 (0) E: SARAH COLLIER WAKEFIELD SENIOR BROKER T: +44 (0) E: GARY TYLER SENIOR TECHNICIAN MARINE CARGO T: +44 (0) E: HOWARD TOYNTON SENIOR TECHNICIAN T: +44 (0) E: ALFIE MARSH JUNIOR BROKER T: +44 (0) E: MIKE ROBERTS CLAIMS MANAGER T: +44 (0) E: THBGROUP.COM THB Marine is a trading name of Thompson Heath & Bond Limited authorised and regulated by the Financial Conduct Authority Thompson Heath & Bond Limited is registered in England and Wales, company number Registered office 107 Leadenhall Street, London EC3A 4AF THB_MAR_07.18