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Marine risks

Our clients regularly face a range of challenging marine risks, which require reinsurance/insurance coverage. Meeting their specific needs is our priority.

Challenge Group has extensive knowledge of marine reinsurance that has been developed through long-term experience and exposure to these types of risk. As a result, we are able to work proactively in identifying and successfully placing suitable protection for our clients.

Long-established connections in the international industry and access to a wide variety of international and alternative markets mean we can offer the most effective reinsurance solutions. These are supported by reliable security, competitive terms, professional expertise and a flexible underwriting approach.

We believe that each risk has its own market and we are focused on identifying these markets and handling all placements. Whether it's a fleet of fishing vessels from Venezuela, a small pleasure yacht from Papua New Guinea or a highly competitive shipbuilding project from a Chinese shipyard, we work together on all risks to achieve placement with suitable coverage.

In our opinion, there are three key factors that have helped us achieve success and earn the respect of our business partners – fast and professional response, an in-depth knowledge of international law and significant experience in resolving complex losses. This mutual trust is very important to Challenge when placing all types of marine risks:

  • Marine Hull
  • Cargo
  • P&I and other marine liabilities
  • Builders Risks
  • War Risks
  • Marine Properties
  • Disbursements and/or Increased Value
  • Species, cash in transit, jewellers block etc.
Materials
Challenge Group Presentation
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News
07.06.2017
The event is a joint effort between Labuan IBFC and the Labuan International Insurance Association, an association representing the insurance and risk management industry in the jurisdiction. The conference will highlight the benefits of self-insurance, with special focus on captive insurance...
11.01.2017
On10th January, Insurance Institute of London (IIL) held a lecture on a new reinsurance player in the Russian market – Russian National Reinsurance Company (NRC). Mr. Nikolay Galushin, the president-chairman of NRC, was invited to update the London market on NRC’s current opportunities...