Markel International.

Transcription

1 Markel International. Marine and Energy Marine overview 1

2 Markel Style Markel Style is how we do business; it s our vision and values, our code of behaviour, and it governs all our actions. Markel has a commitment to success. We believe in hard work and a zealous pursuit of excellence while keeping a sense of humour. Our creed is honesty and fairness in all our dealings. The Markel way is to seek to be a market leader in each of our pursuits. We seek to know our customers needs and to provide our customers with quality products and service. Our pledge to our shareholders is that we will build the financial value of our company. We respect our relationship with our suppliers and have a commitment to our communities. We are encouraged to look for a better way to do things... to challenge management. We have the ability to make decisions or alter a course quickly. The Markel approach is one of spontaneity and flexibility. This requires a respect for authority but a disdain of bureaucracy. At Markel we hold the individual s right to self-determination in the highest light, providing an atmosphere in which people can reach their personal potential. Being results-oriented, we are willing to put aside individual concerns in the spirit of team work to achieve success. Above all, we enjoy what we are doing. There is excitement at Markel, one that comes from innovating, creating, striving for a better way, sharing success with others...winning. 02 Marine and Energy

3 A global brand Markel International is a subsidiary of Markel Corporation, a US-based holding company for insurance and investment operations around the world, that trades on the New York Stock Exchange (NYSE: MKL), has $32.8 billion of combined assets and $9.5 billion of shareholders equity. In 2017 Markel Corporation wrote gross premium of $5.5 billion. Markel International writes insurance and reinsurance business through five divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International s insuring entities include Syndicate 3000, Markel International Insurance Company Limited, Markel Insurance SE., Markel Resseguradora do Brasil S.A. and Markel Seguradora do Brasil S.A. Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal and tax consultancy services. Marine and Energy 03

4 Markel International offices UK Ireland France Spain Netherlands Switzerland Germany Arabian Gulf India Malaysia Singapore China Japan Canada Colombia Argentina Brazil 04 Marine and Energy

5 Facts and figures Markel Corporation Assets of $32.8 billion* Shareholders equity of $9.5 billion* Gross written premiums of $5.5 billion* Markel International A major part of the international operations of Markel Corporation Writes on behalf of Markel Syndicate 3000 and Markel International Insurance Company Limited 77% wholesale (Lloyd s/london market), 23% national markets Long-term growth in book value Financial strength ratings Markel International Insurance Company Limited Standard & Poor s A.M. Best Markel Insurance SE Standard & Poor s A.M. Best A (Strong) A (Excellent) A (Strong) A (Excellent) Syndicate 3000** / Lloyd s Standard & Poor s A+ (Strong) A.M. Best Fitch A (Excellent) AA- (Very strong) $10 $800 $700 $8 $600 $6 $500 $400 $4 $300 $2 $200 $100 $ $0 Book value ($B) / Book value per share ($) *At 31 December 2017 **Benefits from ratings for Lloyd s ***Figures shown are on an underwriting year basis Marine and Energy 05

6 Meet our team and products Paul Jenks Divisional Managing Director Marine and Energy +44 (0) Paul Jenks joined Markel international in 2001 as managing director of marine and energy and was promoted to the board in Paul has over 30 years experience as an insurance underwriter in the Lloyd s marine market and has been instrumental in growing Markel s marine and energy business. Our marine and energy portfolio covers a wide variety of classes and this enables us to offer our clients a range of products from large multisectioned packages down to the smallest mono-lined solutions. We enjoy our client relationships and we take great pride in delivering first class underwriting and claims services. Chris Fenn Managing Director Marine +44 (0) chris.fenn@markelintl.com Chris joined Markel in 2008 as the class underwriter of the Marine and Energy liability team and he became managing director of marine in He was previously with Lloyd s broker, Newman Martin and Buchan for 11 years, where he was team leader of the marine liability team. 06 Marine and Energy

7 Class split by gross written premium Julian Samuel Managing Director Energy +44 (0) Julian began his career in Lloyd s in 1989 working for CWJ Tankard and Others Syndicate. He then moved to D. E. Hope Syndicate 1009 in 1994, where he was appointed class underwriter for energy in The syndicate became the Markel Syndicate 3000 in 2002 where Julian has continued to head the energy team until May 2016 when he was appointed managing director of the energy division. Julian was chairman of the Lloyd s Marine Under 35 s committee in 1999 and currently serves as a member of the Joint Rig Committee. Energy 29% Marine liability* 23% Cargo 16% Hull** 15% Specie 6% Terrorism 6% War 5% * including Galleon, energy liability, marine trades, ports and terminals, and UK marine ** including yacht Marine and Energy 07

8 08 Marine and Energy

9 Cargo Markel have one of the most experienced cargo teams in Lloyd s. With combined underwriting knowledge of more than 75 years we are recognised as a leader in this class. The team provides protection for goods whilst in transit (by land, sea or air), in store during the ordinary course of transit and whilst in long-term storage. Coverage is tailored to our clients individual needs in order to provide them with a bespoke policy for the industry sector that they operate in. This is all supported by our in-house claims team who provide a first class service, should a client suffer a loss. Maximum line $50,000,000 Coverages High tech industries Oil, gas and petrochemicals Air spares Wineries Frozen food / fish catch Metals Cotton Machinery and equipment Satellite pre-launch Delay in start-up (DSU) written in conjunction with cargo Ryan Godfrey Senior Head of Cargo ryan.godfrey@markelintl.com Richard Burnett Senior richard.burnett@markelintl.com Natalie Binning natalie.binning@markelintl.com Graham Williams graham.williams@markelintl.com Monica Novella Assistant monica.novella@markelintl.com Gustaf Kristainsson Singapore gustaf.kristainsson@markelintl.com Marine and Energy 09

10 10 Marine and Energy

11 Specie The specie team is led by Rob Ashby who joined Markel in 2009 and is one of the leading fine art and specie underwriters in the Lloyd s market. Rob, who has over 15 years experience, and his team provide a full range of fine art, specie, jewellers block and cash in transit products that can be tailored to meet the requirements of clients, from those operating at individual locations through to those operating on a global basis. Maximum line $120,000,000 Rob Ashby Senior Head of Specie robert.ashby@markelintl.com Max Elliot max.elliot@markelintl.com Coverages Fine art (private collections, museums, exhibitions, galleries and dealers) Bullion and precious metals Diamonds, precious and semi-precious stones Cash and securities Mining risks (diamonds and raw minerals prior to refining) Jewellers block Cash in transit Marine and Energy 11

12 12 Marine and Energy

13 Hull and war Markel is a recognised leader of hull and war business with a long and successful history in the class. The team is led by Jason Page who began his career in 1988 and was appointed senior underwriter at Markel in We offer a full range of products across our worldwide account. These products can be tailored to meet the requirements of clients, from smaller local/domestic companies to global operations. Maximum lines Hull $25,000,000 Construction $50,000,000 MII $50,000,000 Marine war $75,000,000 Coverages All risks Increase value / freight interest Limited conditions / navigation Mortgagee s interest Builders / construction risks Port risks Marine war Blue water tonnage, including but not limited to: bulkers, tankers, containers, LNGs, LPGs, passenger vessels Brown water tonnage, including but not limited to: tugs, barges, offshore support/supply, dredgers, specialist pipelay, liftboats and fishing vessels Jason Page Senior Head of Hull and War jason.page@markelintl.com Daniel McCarthy Senior daniel.mccarthy@markelintl.com Kate Gordge kate.gordge@markelintl.com Katie Costello katie.costello@markelintl.com Gustaf Kristainsson Singapore gustaf.kristainsson@markelintl.com Marine and Energy 13

14 14 Marine and Energy

15 Yacht Markel are recognised yacht specialists providing tailored solutions for owners of yachts and pleasure craft worldwide. The team is led by Mike Wimbridge who began his career in the London market in 1987, joining Markel as senior yacht underwriter in October We offer cover across an extensive range of accredited policy forms, including our own Markel large yacht product. We acknowledge the need for superior speed and quality of service and pride ourselves in the offering we provide. Our underwriters have over 30 years of experience in dealing with all types of yachts and pleasure craft and are supported by our in house claims service. Maximum line $50,000,000 Coverages Comprehensive all risks PD products including customary liabilities Private pleasure use / skipper chartered Ancillary covers where written in conjunction with PD e.g. personal effects, uninsured boaters, medical expenses Mike Wimbridge Senior mike.wimbridge@markelintl.com Chris Lytton Assistant chris.lytton@markelintl.com Gustaf Kristainsson Singapore gustaf.kristainsson@markelintl.com Marine and Energy 15

16 16 Marine and Energy

17 Terrorism Our terrorism account was established in 2010 by Ed Winter. Ed has built Markel into a leading terrorism market in Lloyd s, providing excellent service to a variety of brokers and insureds worldwide. The team provides protection against physical damage, business interruption and contingency losses directly caused by acts of war, terrorism and political violence. This includes cover for strikes, riots, civil commotion, insurrection, coup d état, war, civil war and counter insurgency. We also provide specialist cover for losses arising from cartel and gang violence. Terrorism and political violence Maximum lines Terrorism/SRCCMD $75,000,000 War and Political Violence $20,000,000 Coverages Terrorism/SRCCMD/War and Political Violence Physical damage to first party property Business interruption following physical damage to first party property Bodily injury to third parties Physical damage to third party property Physical damage to first party property caused by cyber terrorism Operators extra expense Event cancellation Long periods for construction projects Contingency Ed Winter edward.winter@markelintl.com Chloe Gordge chloe.gordge@markelintl.com William Newman william.newman@markelintl.com Tom Simpson tom.simpson@markelintl.com Marine and Energy 17

18 18 Marine and Energy

19 Terrorism Active assailant Maximum lines Active Assailant $30,000,000 Loss of Attraction $10,000,000 Threat $30,000,000 Coverages Active Assailant Medical expenses and counselling costs Crisis management service pre/post loss advice and support Business Interruption following a property damage and/or bodily injury Physical damage to first party property Extra expenses Employee retraining Recruitment costs Loss of Attraction Non-damage business interruption cover No requirement for first party property damage trigger Responds to losses suffered in the aftermath of a terrorist or active assailant incident within 3,000 feet Threat Business interruption as a result of the threat of terrorism No property damage trigger required Threat reported within 1,500 feet Ed Winter edward.winter@markelintl.com Chloe Gordge chloe.gordge@markelintl.com William Newman william.newman@markelintl.com Tom Simpson tom.simpson@markelintl.com Marine and Energy 19

20 20 Marine and Energy

21 Marine liability The marine liability team are established and leading underwriters offering traditional and tailored coverage on a worldwide basis to a diverse selection of clients. Andrew Carter who began his career in Lloyd s in 1995 and joined Markel in October 2014 as a senior underwriter, leads the team offer products on a stand-alone basis or through package policies tailored in conjunction with our other underwriting teams. Our marine client portfolio ranges from small to large vessel operators, shipyards, traders and salvage contractors. We are also a major reinsurer of the International Group P&I Clubs and fixed premium P&I providers, leading a number of these contracts. Andrew Carter Senior Head of Liability andrew.carter@markelintl.com Simon Engelen Senior simon.engelen@markelintl.com Maximum line $60,000,000 Coverages Marine liability Marine umbrella Charterers Construction Ship repairers Pollution Professional indemnity Maritime employers Salvors Social responsibility P&I Brown water vessel operations Inland/coastal trading Primary, excess, or quota share Standalone or packaged with Hull P&I club and fixed premium facilities Louise Foley louise.foley@markelintl.com Abigail Piper abigail.piper@markelintl.com Colin Fordham Senior Singapore colin.fordham@markelintl.com Marine and Energy 21

22 22 Marine and Energy

23 Ports and terminals Our ports and terminal portfolio provides liability, property, handling equipment, business interruption, craft and terrorism cover for ports and terminals on a worldwide basis. The team is led by Andrew Carter who has over 23 years experience in the Lloyd s, London and regional UK marine insurance markets and provides a full range of Ports and Terminals products. These products can be tailored made to meet the requirements of clients, from those operating at individual locations through to those operating on a global basis. Maximum lines Property $25,000,000 Liability $60,000,000 Coverages Third party liability Property and handling equipment Business interruption Port craft Terrorism Andrew Carter Senior Head of Liability andrew.carter@markelintl.com Simon Engelen Senior simon.engelen@markelintl.com Holley Higgins holley.higgins@markelintl.com Hazel Ward hazel.ward@markelintl.com Marine and Energy 23

24 24 Marine and Energy

25 UK marine The UK Marine team is led by Hazel Ward who has extensive knowledge of the UK Regional & London Marine Markets. The team has a wealth of experience in providing a full range of products which can be tailored to meet the individual requirements of the client, from the largest ports & harbours in the UK to the smaller, privately owned boat yards. We are able to write all types of marine, non-cargo business, with particular focus on ports and harbour authorities, ship repairers, hull & machinery, marinas and marine trade industries. Maximum lines Liability 30,000,000 Property 15,000,000 Coverages Property and equipment Business Interruption including loss of profit, revenue or rent Hull & Machinery Legal & Contractual Liability Removal of Wreck Employers Liability Terrorism Hazel Ward hazel.ward@markelintl.com Holley Higgins holley.higgins@markelintl.com Simon Engelen Senior simon.engelen@markelintl.com Andrew Carter Senior Head of Liability andrew.carter@markelintl.com Marine and Energy 25

26 26 Marine and Energy

27 Marine trades Markel has a long and distinguished reputation for providing specialist marine insurance products. The team provides package policies for marinas, yacht clubs, boat builders, boat repairers and similar risks. We can offer cover for either a stand-alone liability package or liability and property cover combined. Our product can be provided on a worldwide basis and is available in several different languages. We are interested in writing the smallest family owned marinas to the largest super yacht facilities. Maximum lines Liability $30,000,000 Property $15,000,000 Coverages Liability General liability Marina operators liability Products liability Boat repairers liability Pollution liability Personal and advertising injury liability P&I cover Property Buildings & contents Lifting equipment Marina installations Vessels under construction Business interruption Vessels Goods in transit Holley Higgins holley.higgins@markelintl.com Hazel Ward hazel.ward@markelintl.com Simon Engelen Senior simon.engelen@markelintl.com Andrew Carter Senior Head of Liability andrew.carter@markelintl.com Marine and Energy 27

28 28 Marine and Energy

29 Galleon Galleon Marine Insurance Agency is recognised as a leading provider of liability insurance for marine professionals and logistics providers. Our clients range from sole traders right through to leading international logistics companies operating from multiple locations. We pride ourselves on our personal yet professional approach and offer a specialist service suited to our clients requirements. We provide bespoke policies that are tailored to suit each Insured s business needs based on simple yet extensive policy wordings. We understand the unique and broad roles within the maritime and logistics industry and our wording is designed to cater for this. Each assured is different so we work with our clients to ensure their insurance needs have been fully met. Our team has over 47 years of market experience. Maximum Line $30,000,000 Coverages Professional indemnity Cargo liability Warehouseman s liability Third party property damage and bodily injury Loss of documents Libel and slander Breach of authority Contribution to general average Fines and duties James Munn Senior james.munn@galleon.uk.com Chris Curran Senior chris.curran@galleon.uk.com Tom Batterbury Assistant thomas.batterbury@galleon.uk.com Colin Fordham Senior Singapore colin.fordham@markelintl.com Marine and Energy 29

30 30 Marine and Energy

31 Energy liability We are a leading underwriter of energy liabilities, offering a broad spectrum of offshore and onshore coverage written on a worldwide basis. We have a wide base of clients from small to major upstream E&P companies, drilling and service contractors. The energy liability team is one of the most experienced teams in the Lloyd s Market and has expert knowledge of the energy sector. We meet regularly with our clients to gain a full understanding of their insurance requirements and we work closely with our energy property underwriters, participating on packages and standalone placements. Maximum line $60,000,000 Coverages Protects against injury or damage to third parties and property, including pollution for: Offshore & onshore E&P Drilling contractors Service contractors Offshore construction Renewable energy OPA Andrew Carter Senior Head of Liability andrew.carter@markelintl.com Simon Engelen Senior simon.engelen@markelintl.com Louise Foley louise.foley@markelintl.com Abigail Piper abigail.piper@markelintl.com Colin Fordham Senior Singapore colin.fordham@markelintl.com Marine and Energy 31

32 32 Marine and Energy

33 Energy Our energy account offers coverage on a worldwide basis for all aspects of upstream and midstream oil and gas activities. Our clients include small to mid size businesses as well as major industry players. Policy coverage offered includes business interruption or loss of production income, construction of energy related structures, control of well and physical damage to installations. Our energy team has over 50 years of industry experience at Markel. Upstream and midstream Maximum lines Upstream $200,000,000 Midstream $125,000,000 Julian Samuel Managing Director Energy julian.samuel@markelintl.com Stuart Smith Senior stuart.smith@markelintl.com Rohan Davies Senior rohan.davies@markelintl.com Main areas of participation Offshore exploration and production Packages worldwide Physical damage to fixed and floating structures Subsea installations Business interruption following physical damage loss Contractor fleets Renewables Onshore contractors equipment Land rigs Associated well site equipment Completion equipment Control of well Stand alone, primary and excess layers Onshore and offshore exploratory/ developmental drilling Construction Offshore projects for all offshore assets Plants Midstream Gas processing and distribution Terminals LNG facilities Renewables Pipelines Tanks Land rigs and associated equipment Drilling and completion equipment Consultant engineer Dr Ray Guy ray.guy@markelintl.com Ben House ben.house@markelintl.com Clifford Blayney Assistant clifford.blayney@markelintl.com Tim Foister Energy Singapore tim.foister@markelintl.com Aminah Sulaiman Assistant Singapore aminah.sulaiman@markelintl.com Marine and Energy 33

34 34 Marine and Energy

35 Energy Downstream and midstream Maximum lines Downstream $25,000,000 Midstream $125,000,000 Main areas of participation Midstream Gas processing and distribution Terminals LNG facilities Renewables Pipelines Tanks Land rigs and associated equipment Drilling and completion equipment Downstream Oil refineries Petrochemical plants Petrochemical fertilizer plants Julian Samuel Managing Director Energy Greg Walters Downstream Marine and Energy 35

36 36 Marine and Energy

37 Energy Renewables Our renewables account is written through our Lloyd s consortium AMREC (Axis Management Renewable Energy Consortium) offering a comprehensive range of coverages in a geographically diverse portfolio. Maximum line $100,000,000 Main areas of participation Packages worldwide Physical damage to fixed structure Wind Farms Business interruption following physical damage Onshore Wind Turbines Solar Bio fuels Hydro Construction All on and offshore construction projects Julian Samuel Managing Director Energy julian.samuel@markelintl.com Tara Swift Renewables tara.swift@markelintl.com Stuart Smith Senior stuart.smith@markelintl.com Marine and Energy 37

38 38 Marine and Energy

39 Policy wordings We pay particular attention to policy wordings, as the Markel Style says We seek to know our customers needs and to provide our customers with quality products and service. We set ourselves a number of challenges to ensure that our policy wordings achieve this: The policy must be suitable for purpose, meeting the needs and expectations of the customer The policy must be clear, unambiguous and easily understood by the customer The policy must be sold on an open, transparent and reasonably priced basis The policy must contain reasonable prospects of claims being paid in accordance with expected outcomes There must not be any unreasonable post sales barriers in respect of change or cancellation In order to accomplish this we have a dedicated wordings team headed by Ian Powell who has thirty two years of policy wording expertise, having started his career in the oil and gas division of Willis Faber & Dumas in Ian subsequently worked for C T Bowring and Alexander Howden, engaging with underwriters and assureds during the negotiation of property and liability wordings, before moving into an underwriting environment. In 2003 Ian joined Liberty Syndicates where his primary function was the review, negotiation and agreement of wordings and also the drafting of new products. In March 2015 he joined Markel International and is now wordings manager tasked with ensuring that our clients receive the cover that both they and our underwriters have agreed on in a clear and unambiguous manner. This is achieved by reviewing wordings on a risk by risk basis and also ensuring that our own Markel products are fit for purpose. Ian Powell Wordings Manager ian.powell@markelintl.com Marine and Energy 39

40 Claims We have a highly trained and qualified team of claims specialists with in-depth experience across all the company s lines of business. We draw on the expertise of external lawyers, loss adjusters and other professionals where necessary, to ensure we deal diligently and effectively with claims. We measure our performance against our own internal standards as well as those of regulatory bodies and regularly seek feedback from our broking clients. We understand the need for flexibility in a changing industry and are looking for ways to work smarter and more cohesively across teams and jurisdictions. We strive to be proactive in serving the needs of our brokers and insured s and want to build on our business relationships to maintain a personal element to the service we provide. 40 Marine and Energy

41 Kevin Phillips Claims Manager Kevin Phillips is the claims manager for the marine and energy division of Markel International. He has extensive knowledge of marine claims having worked in this field for over 34 years. Kevin travels frequently with the underwriters marketing the claims service and expertise of his team as well as promoting the commerciality and transparency of our claims handling. Tom Upton Senior Claims Adjuster Energy Kelly Reeder Senior Claims Adjuster Hull and War Rory Edwards Senior Claims Adjuster Liability Darren McEwan Senior Claims Adjuster Cargo and Specie Daniel Wells Claims Adjuster Hull and War Tristan Davison Claims Adjuster Energy Chay Wilkinson Claims Director Singapore Marine and Energy 41

42 1018M