Ocean Marine

Ocean Marine was one of the first U.S. teams Ascot launched on an admitted basis and combines appropriately with our established marine presence at Lloyd’s.

Ascot’s growing U.S. Marine platform delivers a unique ability to find and provide solutions, packaging all lines and leading multiple coverages and policy layers for a single Insured. We provide Marine Liability both on a primary and excess basis, including Brown / Green water Hull, Protection & Indemnity, Cargo, and Blue water Hull. Ascot U.S. offers a leading in-house Ocean Marine claims team with over 300 years of combined underwriting experience, enabling a strategically diversified team of seasoned professionals who have significant experience in the admitted marine market.

Key Facts

Target Industries
  • Marine Contractors, Operators, Wharfingers, Concessionaires, Commodity Traders, Stevedores, and Pilots
  • Commercial Ship Repairers and Builders
  • Charterers, Banks, Municipalities, Port Authorities,
  • Areas Out of Appetite: Construction, Downstream/Refining Operations, Products/Manufacturing Liability
  • Entertainment/Passenger and Public Entity Vessels
Limits Offered: $50,000,000
  • $5M Primary, $50M Excess
Ascot Differentiator
  • Ability to Package
  • Capacity
  • Experienced Claims Handling
  • Underwriting Experience
  • Regional and National Capabilities
  • Cross Sell Capabilities
  • Financial Strength
Target Industries
  • Tankers
  • Bulkers
  • Cruise Ships
  • LNG and LPG
  • Car Carriers
  • General Cargo and Container Ships
  • Mortgagee Interest Insurance
  • Excess Hull
Limits Offered: $25,000,000
Ascot Differentiator
  • Ability to Package
  • Capacity
  • Experienced Claims Handling
  • Underwriting Experience
  • Regional and National Capabilities
  • Cross Sell Capabilties
  • Financial Strength
Target Industries
  • Municipalities
  • Port Authorities
  • Tug and Barge Operators
  • Crew and Supply Boats
  • Cruise/Entertainment/Passenger Vessels
  • Pilots Boats
  • Miscellaneous Vessel Operators
  • Mortgagee Interest Insurance
  • Excess Hull
Limits Offered: $10,000,000
  • $5M P&I, $10M Hull
Ascot Differentiator
  • Ability to Package
  • Capacity
  • Experienced Claims Handling
  • Underwriting Experience
  • Regional and National Capabilities
  • Creativity
  • Cross Sell Capabilties
  • Financial Strength
Target Industries
  • Manufactured Goods
  • Machinery
  • Clothing
  • Oil & Gas
  • STP
  • Transit Only
  • Stock and Excess Stock
  • General Merchandise
Limits Offered: $15,000,000
  • Minimum Premium: $7,500
  • Geographic Scope: Worldwide
  • Admitted/Non-Admitted: Admitted and Non-Admitted
Ascot Differentiator
  • Underwriters Have Full Authority up to Max Limits
  • Ability to Offer Full STP Coverage
  • Underwriting Expertise
  • Ability to Offer Creative Solutions

 

Contacts

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