Marine Insurance and Risk Management Capabilities

Video Player

00:06

00:00

00:24

Use Up/Down Arrow keys to increase or decrease volume.

Marine Insurance and Risk Management Capabilities

Lockton stands apart

The only truly independent broker of our size on the market, we’re not tied to shareholders or investors. Which means...

Lockton stands apart

Lockton is the world’s largest independent insurance broker.

What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 1...

Lockton stands apart

The only truly independent broker of our size on the market, we’re not tied to shareholders or investors. Which means...

Organic global growth

Charitable donations to more than 250 organisations

Client retention rate

Reinvestment due to our private ownership

Offices worldwide

Premiums placed

Welcome to Lockton Marine

06 *Hull and IGA market 2021

Lockton Marine is a unique global force in marine risk

You don’t get one of us, you get all of us.

Approaching $1 billion of global premium placed and with an estimated 8% global market share*, we have influence in a...

Our proposition is unique. We offer the detailed, high touch service levels exemplified by our specialist brands, pow...

Premiums placed

Multilingual associates

Client countries

Marine insurers worldwide

Global locations

Claims specialists

Vessels insured

Singapore, Singapore: Transportation and Container ships wait on the ocean in front of the port of Singapore.

So who is ‘all of us’?

We are a team that wants to disrupt the status quo, who set out to gather the world’s leading marine specialists unde...

So who is ‘all of us’?

We are a team that wants to disrupt the status quo, who set out to gather the world’s leading marine specialists unde...

Global Lockton offices

Lockton Marine assets / key hubs (20+ office locations)

Lockton office locations

Global Lockton offices

Lockton Marine assets / key hubs (20+ office locations)

Lockton office locations

Our specialist insurance allows our clients to recover costs that arise from loss or damage, so they avoid or minimis...

Metal hull background/texture.

Hull & Machinery

If a vessel or equipment is lost or damaged, the consequences can be expensive and complex. Lockton Marine’s Hull & M...

Products Hull & Machinery Increased value/disbursements Freight Loss of hire/Loss of earnings War risks (including Ca...

Additional products Contract review Risk advisory Claims consulting Lender requirements

Products and additional services

Our specialist insurance allows our clients to recover costs that arise from loss or damage, so they avoid or minimis...

Metal hull background/texture.

Products Hull & Machinery Increased value/disbursements Freight Loss of hire/Loss of earnings War risks (including Ca...

Additional products Contract review Risk advisory Claims consulting Lender requirements

Products and additional services

aerial top view container ship runing have wave in green sea, bangkok, thailand.

“ It has been a pleasure working with Lockton Marine. Operating globally requires unique risk management solutions a...

aerial top view container ship runing have wave in green sea, bangkok, thailand.

High angle view of a cargo ship approaching a transhipment hub in the Mediterranean region on a sunny day.

Our P&I services are comprehensive and are among the best in the world, covering programme design, placement, documen...

Protection & Indemnity

P&I or third party liability risks are often our clients’ largest financial exposures. The risks range from liabiliti...

Products P&I (mutual) P&I (fixed premium) Freight, demurrage and defence (FDD) MOA and shipbuilding FDD Time Chartere...

Specific industry programmes Off Shore Container lines Logistics Cruise and passenger Oil Yachts Commodity Traders Re...

Products and additional services

High angle view of a cargo ship approaching a transhipment hub in the Mediterranean region on a sunny day.

Our P&I services are comprehensive and are among the best in the world, covering programme design, placement, documen...

Products P&I (mutual) P&I (fixed premium) Freight, demurrage and defence (FDD) MOA and shipbuilding FDD Time Chartere...

Specific industry programmes Off Shore Container lines Logistics Cruise and passenger Oil Yachts Commodity Traders Re...

Products and additional services

a ship approaching to the pier in Shodoshima

“ The team is a credit to the industry.” Shipowner – bulk carriers and military vessel operator

a ship approaching to the pier in Shodoshima

“ The team is a credit to the industry.” Shipowner – bulk carriers and military vessel operator

Aerial view on Zeebrugge port in Belgium. View from container ship

Liability & Property

Marine risks don’t end at the water’s edge. Whether our clients’ activity is in ports and terminals, commodity tradin...

We have specialist facilities built on our longstanding market relationships, which can provide capacity from A+ rate...

Liability & Property insurance coverages

Liability risks Liability for loss of or damage to cargo and vessels at the insured’s premises Liability to third par...

Aerial view on Zeebrugge port in Belgium. View from container ship

Property risks All risks property damage including business interruption/extra expense Physical loss of or damage to ...

Charterers’ liabilities Customs liability Consequential loss Fines and duties Errors and omissions Legal expenses an...

This image was taken in Leangbukta in Asker municipality, Norway. The image was taken with a drone in July 2019.

This image was taken in Leangbukta in Asker municipality, Norway. The image was taken with a drone in July 2019.

“ Lockton Marine have established themselves as an integral part of our Insurance and Risk Management function. They ...

Pakari beach, New Zealand

Pakari beach, New Zealand

Lockton’s Marine Project Risk team develops products akin to financial instruments or options, which deliver solution...

Marine Project Risk

Unlike traditional insurance solutions, Marine Project Risk or Special Risk products are designed at the business dev...

Products Anticipated cost of replacement Blocking and Trapping Contingent war Contract termination Delay in delivery ...

Additional services Risk focused financing agreement, building and chartering contract review Bespoke product design

Products and additional services

Pakari beach, New Zealand

Pakari beach, New Zealand

Lockton’s Marine Project Risk team develops products akin to financial instruments or options, which deliver solution...

Products Anticipated cost of replacement Blocking and Trapping Contingent war Contract termination Delay in delivery ...

Additional services Risk focused financing agreement, building and chartering contract review Bespoke product design

Products and additional services

“ Every shipowner in the world has insurance brokers running their doors down – all being capable of assisting with ...

“ Lockton Marine is our exclusive go to broker on revenue, cash flow protection and project risks.” Group Risk Manage...

Container ship passing through the Suez Canal in the early hours of morning.

Cargo & Logistics

Whatever our clients’ industry, the risk attached to both regional and global supply chain usage gets more complex ev...

Our Cargo & Logistics specialists work closely with clients to develop bespoke cover that protects each business’s un...

Products Guaranteed outturn for bulk liquids and cargos Bailees liability Land based oilfield equipment Motor truck c...

Products and additional services

Global transit risks Warehouseman’s liability Governmental rejection War Specific industry programmes Agriculture Au...

Retail Warehousing Wholesale Additional services Contract review Due diligence for acquisitions and divestments Lend...

Container ship passing through the Suez Canal in the early hours of morning.

Our Cargo & Logistics specialists work closely with clients to develop bespoke cover that protects each business’s un...

Products Guaranteed outturn for bulk liquids and cargos Bailees liability Land based oilfield equipment Motor truck c...

Products and additional services

Global transit risks Warehouseman’s liability Governmental rejection War Specific industry programmes Agriculture Au...

Retail Warehousing Wholesale Additional services Contract review Due diligence for acquisitions and divestments Lend...

Brighton by pass, A27

Brighton by pass, A27

“ I had every faith that you would deliver a great result, so a big thank you from me for delivering a wonderful outc...

Manual worker pulling mooring rope on container ship, Asian seeman

Shipbuilders’ risks

A shipyard presents a unique set of risks. Lockton Marine’s experts help clients protect themselves from these risks ...

Products Ship repairers’ liability, including: Voluntary removal of wreck Strikes Liability for third party bodily in...

Additional services Contract review Risk advisory Claims consulting Lender requirements

Products and additional services

Manual worker pulling mooring rope on container ship, Asian seeman

Products Ship repairers’ liability, including: Voluntary removal of wreck Strikes Liability for third party bodily in...

Additional services Contract review Risk advisory Claims consulting Lender requirements

Products and additional services

“ We are one of the largest naval and commercial shipyards in Turkey building vessels for both the domestic and overs...

“ We are one of the largest naval and commercial shipyards in Turkey building vessels for both the domestic and overs...

The Lockton yacht practice offers advice and solutions for comprehensive Yacht Insurance. Designed to address every e...

The Lockton yacht practice offers advice and solutions for comprehensive Yacht Insurance. Designed to address every e...

Yacht sailing on the sea

Yachts & Superyachts

Our comprehensive yacht insurance goes beyond physical assets – it protects clients from the liabilities associated w...

Products Hull and machinery Tenders and submersibles Loss of charter hire Personal effects and fine art Kidnap & rans...

Products and additional services

Additional services Builders’ risks Boat transportation Mortgagees interest Charterer’s cancellation Contract review ...

“ As an established Yacht Management company which represents very discerning owners, we are always looking for a ser...

The Lockton yacht practice offers advice and solutions for comprehensive Yacht Insurance. Designed to address every e...

Yacht sailing on the sea

Products Hull and machinery Tenders and submersibles Loss of charter hire Personal effects and fine art Kidnap & rans...

Products and additional services

Additional services Builders’ risks Boat transportation Mortgagees interest Charterer’s cancellation Contract review ...

Sailing a yacht on the Southern Ocean. South Australia.

“ I have found the service to be nigh well exemplary. Lockton have fully satisfied our requirements.” Retail insuranc...

“ We are always looking for a service second to none. We have found that Lockton Marine’s team meet the brief and ser...

Sailing a yacht on the Southern Ocean. South Australia.

“ I have found the service to be nigh well exemplary. Lockton have fully satisfied our requirements.” Retail insuranc...

“ We are always looking for a service second to none. We have found that Lockton Marine’s team meet the brief and ser...

Pakari beach, New Zealand

We have a bespoke ‘no win no fee’ arrangement with a market leading recovery specialist who are ready to pursue both ...

Our Lockton Marine claims team has decades of loss handling experience across all kinds of risk areas. Our clients ex...

With state of the art workflow management and MI reporting, clients can access claims information 24/7, anywhere in t...

When it happens to you, it happens to us. In the event of a claim, we negotiate hard on your behalf and hold your han...

Pakari beach, New Zealand

Our Lockton Marine claims team has decades of loss handling experience across all kinds of risk areas. Our clients ex...

With state of the art workflow management and MI reporting, clients can access claims information 24/7, anywhere in t...

“ Thank you so much for securing the settlement of this claim. Hard work very much appreciated!” Retail insurance bro...

The blue steams of glacier water from the Vatnajokull glacier floawing to the coast in the south of Iceland.

The blue steams of glacier water from the Vatnajokull glacier floawing to the coast in the south of Iceland.

“ Never had such service.” London Market underwriter

“ Your personal guidance throughout the years has been invaluable to myself and I can only thank you.” Insured – Flee...

Our clients are…

Shipowners, managers and charterers

Terminal operators, stevedores and wharfingers

Banks and ship financiers

Transport & logistics sector (including truck brokers)

Port authorities

Marine construction & manufacturing

Bulk commodity traders

Marine and oilfield service contractors

Marina owner and operators

Ship repair yards

Built with in5.

Marine Insurance and Risk Management Capabilities1 / 46