The marine insurance underwriting sector focuses on providing protection against risks associated with maritime activities. These risks can include damage to vessels, cargo loss, and liabilities arising from maritime operations. Companies in this industry, ranging from multinational insurers to specialized agencies, offer products like hull and cargo insurance, as well as coverage for marine businesses. The industry is evolving with increasing automation in risk assessment and claims processing, driven by technological advancements and changing maritime environments. Sustainability efforts are also gaining traction, pushing companies to address the environmental aspects of marine operations more seriously.

This list features 25 marine insurance underwriting companies of varying sizes, with headquarters located in countries such as Norway, the United Kingdom, Germany, and the United States. Founded between 1907 and 2012, these companies specialize in marine insurance services, including protection for yachts, commercial vessels, and marine contractors. Their operational diversity allows them to cater to different maritime needs, demonstrating the industry's adaptability to global market trends and client demands.

Continue reading to discover the premier marine insurance underwriting companies.

Top 25 Marine Insurance Underwriting Companies

1. Gard AS

• Website: gard.no
• Ownership type: Private
• Headquarters: Arendal, Agder, Norway
• Employee distribution: Norway 74%, Greece 6%, Denmark 5%, Other 15%
• Founded year: 1907
• Headcount: 501-1000
• LinkedIn: gard-as

Gard AS, based in Arendal, Norway, has been a prominent player in the marine insurance sector since its inception in 1907. The company offers a comprehensive range of insurance products and services specifically designed for shipowners, offshore contractors, and energy exploration companies. With a workforce of approximately 700 employees and a global footprint that includes 13 offices worldwide, Gard is well-positioned to address the complexities of maritime operations. They insure around 18,000 vessels, demonstrating their significant market presence. Gard's commitment to sustainability and risk management is evident in their proactive approach to loss prevention and claims handling, ensuring that clients receive not only coverage but also valuable support in navigating the challenges of the marine environment.

2. Steamship Mutual

• Website: steamshipmutual.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 77%, Cyprus 8%, Greece 6%, Other 9%
• Latest funding: February 2015
• Founded year: 1909
• Headcount: 51-200
• LinkedIn: steamship-insurance-management-services-ltd

Steamship Mutual, based in London, England, is an insurance provider that specializes in protection and indemnity (P&I) insurance tailored for shipowners and operators. Established in 1909, the company has built a reputation for offering a range of insurance products, including war risk coverage and loss prevention services. This focus allows them to help clients manage maritime risks effectively. Steamship Mutual operates globally, with a significant presence in the UK, Cyprus, Greece, Hong Kong, and Singapore. Their commitment to providing high-quality service and support is evident in their extensive resources for loss prevention and risk management. The company has not reported any recent funding, indicating stability and self-sufficiency in its operations.

3. MS Amlin

• Website: msamlin.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 61%, Netherlands 17%, Belgium 7%, Other 16%
• Latest funding: $5.3B, September 2015
• Founded year: 2000
• Headcount: 1001-5000
• LinkedIn: mitsui-sumitomo-insurance-group_2

MS Amlin Ltd is an insurance and reinsurance company based in London, UK, founded in 2000. It operates as part of the global non-life insurance group MS&AD. The company provides specialty insurance solutions to commercial enterprises and reinsurance protection to other insurers. MS Amlin is active in the Lloyd's, UK, and Continental European markets, focusing on managing and reducing risks for clients through various insurance products and services. Notably, MS Amlin Marine NV serves as their managing general agent, offering tailored marine insurance solutions. The company employs over 1,700 people and has a significant presence in the marine insurance sector, which is critical for businesses involved in shipping and maritime activities.

4. Pantaenius Yacht Insurance

• Website: pantaenius.com
• Ownership type: Family Owned
• Headquarters: Hamburg, Hamburg, Germany
• Employee distribution: Monaco 45%, Spain 21%, Denmark 21%, Other 12%
• Founded year: 1997
• Headcount: 201-500
• LinkedIn: pantaenius-yacht-insurance

Pantaenius Yacht Insurance, founded in 1997 and based in Hamburg, Germany, is a family-owned insurance company that specializes in yacht and boat insurance. The firm provides a range of products tailored to the needs of individual boat owners and businesses in the maritime sector. Their offerings include hull insurance, third-party liability, crew insurance, and charter insurance, among others. Pantaenius has established a significant presence across Europe, with offices in countries such as Monaco, Spain, Denmark, Greece, and the United Kingdom. The company prides itself on delivering personalized insurance solutions that mitigate the risks associated with yacht ownership and operation. With a customer base of over 100,000 and a network of 35,000 specialists, Pantaenius is recognized for its efficient claims management and customer service, which are critical in the insurance industry.

5. Global Marine Insurance Agency

• Website: globalmarineinsurance.com
• Ownership type: Private
• Headquarters: Traverse City, Michigan, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1989
• Headcount: 51-200
• LinkedIn: global-marine-insurance-agency

Global Marine Insurance Agency, based in Traverse City, Michigan, has been providing specialized marine insurance solutions since its inception in 1989. The agency focuses on offering tailored insurance products for the boating community, including yacht insurance, mega yacht insurance, and commercial marine insurance. Their clientele ranges from individual boat owners to marine businesses, highlighting their ability to address unique insurance needs. With a dedicated team of marine insurance specialists, Global Marine emphasizes customer service and has built strong relationships with various insurance carriers. Their operational footprint extends beyond Michigan, with additional locations in Seattle, Merced, and Miami, allowing them to serve a wider audience. The agency's commitment to understanding the intricacies of marine insurance is reflected in their extensive resources and educational content available on their website, aimed at informing clients about their options and the importance of proper coverage.

6. Vero Insurance New Zealand

• Website: vero.co.nz
• Ownership type: Private
• Headquarters: Auckland, Auckland, New Zealand
• Employee distribution: New Zealand 100%
• Founded year: 2001
• Headcount: 501-1000
• LinkedIn: vero-insurance-new-zealand

Vero Insurance New Zealand, founded in 2001 and based in Auckland, is a private insurance company that provides a wide array of insurance products. These include personal, business, and notably, marine insurance. Vero serves both individuals and businesses, helping them protect their assets and manage risks effectively. The company operates through a network of brokers and advisers, ensuring that clients receive customized insurance solutions. Vero is recognized for its expertise in marine underwriting and claims, offering specialized products such as hull insurance for commercial and fishing vessels, cargo insurance, and marine legal liability. This focus on marine insurance underscores their commitment to this sector, making them a relevant player in the industry.

7. DUAL Group

• Website: dualgroup.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 82%, Spain 3%, Mexico 2%, Other 12%
• Latest funding: October 2023
• Founded year: 1998
• Headcount: 1001-5000
• LinkedIn: dual-international-limited

DUAL Group, founded in 1998 and headquartered in London, is an insurance and underwriting agency that operates across 21 countries. With a workforce of over 900 employees, the company specializes in providing tailored insurance products and services to brokers and intermediaries. DUAL Group is recognized for its entrepreneurial spirit and commitment to delivering exceptional underwriting services. They are one of the largest international managing general agents (MGAs) and a prominent coverholder at Lloyd's, which allows them to connect capacity providers with new markets effectively. Their product offerings include a dedicated marine and energy division, which covers various aspects of marine insurance, such as hull insurance and maritime employers liability. This specialization highlights their active involvement in the marine insurance sector, making them a relevant player in the industry.

8. Nexus Underwriting

• Website: nexusunderwriting.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 55%, United States (USA) 20%, Malaysia 16%, Other 9%
• Latest funding: $2.6M, August 2014
• Founded year: 2008
• Headcount: 201-500
• LinkedIn: nexus-underwriting

Nexus Underwriting, founded in 2008 and based in London, is an insurance company that provides a wide array of insurance products. Their offerings include accident and health, credit and surety, financial lines, marine insurance, and reinsurance. The company primarily serves businesses and organizations looking to manage risks and safeguard against financial losses. With a workforce of around 192 employees, Nexus operates through various global offices, including significant presences in the United States and Malaysia. Notably, they have received funding amounting to approximately £2.59 million, which reflects investor confidence in their business model and growth potential. Their marine insurance segment includes specialized products such as yacht insurance and coverage for marinas and marine trades, highlighting their active role in the marine insurance sector.

9. Haven Knox-Johnston

• Website: havenkj.com
• Ownership type: Corporate
• Headquarters: West Malling, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 100%
• Latest funding: $12.7M, November 2020
• Founded year: 1992
• Headcount: 11-50
• LinkedIn: haven-knox-johnston

Haven Knox-Johnston, founded in 1992 and based in West Malling, England, is an insurance company that specializes in marine insurance. The firm offers a comprehensive range of boat insurance products designed for various types of vessels, including yachts, motorboats, and commercial boats. Their policies cater to both individual boat owners and businesses, providing essential coverage to protect investments and mitigate risks associated with boating. The company prides itself on its customer service, having won awards for its support and service quality. With a dedicated team of professionals who are passionate about boating, Haven Knox-Johnston aims to deliver tailored insurance solutions that meet the unique needs of its clients. The company is a trading name of Howden UK Brokers Limited, which adds to its credibility and resources in the marine insurance sector. In November 2020, Haven Knox-Johnston secured funding amounting to £12.7 million, indicating a strong financial backing to enhance its offerings and market presence.

10. Zenith Insurance NG

• Website: zenithinsurance.com.ng
• Ownership type: Private
• Headquarters: Lagos, Lagos, Nigeria
• Employee distribution: Nigeria 93%, United States (USA) 6%, Other 1%
• Founded year: 1970
• Headcount: 201-500
• LinkedIn: zenith-insurance

Zenith Insurance NG, officially known as Zenith General Insurance Co, is a private insurance provider located in Lagos, Nigeria. Established in 1970, the company has built a reputation for offering a wide array of insurance products tailored to both individual consumers and businesses. Among its offerings are marine insurance products, including marine hull and marine cargo insurance, which address the specific risks associated with maritime activities. Zenith aims to provide essential coverage that allows its clients to manage risks effectively. The company employs approximately 234 individuals, primarily based in Nigeria, and has received an A+ rating from Augusto & Co, reflecting its commitment to quality service and financial stability. Zenith Insurance NG continues to serve the Nigerian market, ensuring that customers can operate with confidence, knowing they are protected against potential losses.

11. Antares Reinsurance Company Ltd

• Website: qatarreinsurance.com
• Ownership type: Private
• Headquarters: Bermuda
• Employee distribution: United Kingdom (UK) 38%, Qatar 31%, Bermuda 25%, Other 6%
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: qatar-re

Antares Reinsurance Company Ltd, founded in 2009 and based in Bermuda, operates as a private insurance and reinsurance firm. With a workforce of around 51-200 employees, the company provides a broad spectrum of insurance products, including accident and health insurance, cargo insurance, and casualty treaty services. Antares is particularly notable for its marine insurance offerings, which include Marine Excess of Loss, Marine Hull & War, and Marine Liability. The company serves both businesses and consumers, delivering customized solutions to manage risks and mitigate financial losses. Antares operates through various regional hubs, including the UK, Qatar, Bermuda, and Switzerland, ensuring a comprehensive approach to risk management. Their involvement in the marine insurance sector is underscored by their active participation in Lloyd's, where they write a significant volume of marine business. This strategic positioning allows Antares to cater to a wide array of marine insurance needs across different markets.

12. Coast Underwriters Ltd

• Website: coastunderwriters.ca
• Ownership type: Private
• Headquarters: Vancouver, British Columbia, Canada
• Employee distribution: Canada 100%
• Founded year: 1948
• Headcount: 11-50
• LinkedIn: coast-underwriters-ltd

Coast Underwriters Ltd, based in Vancouver, British Columbia, has been a dedicated marine insurance provider since its establishment in 1948. The company specializes in offering tailored insurance solutions for businesses engaged in marine activities, including cargo insurance, hull insurance, and marine liability coverage. With a focus on both international and domestic markets, Coast Underwriters serves clients in the shipping and logistics sectors, helping them mitigate risks associated with marine operations. The company operates across Canada, with offices in key shipping centers such as Toronto, Montreal, and Halifax. As a subsidiary of Intact Financial Corporation, Coast Underwriters benefits from a robust backing that allows them to confidently address a wide range of marine insurance needs. Their commitment to integrity and customer service is evident in their claims handling philosophy, which emphasizes fairness and transparency.

13. Msig Usa

• Website: msigusa.com
• Ownership type: Corporate
• Headquarters: Warren, New Jersey, United States (USA)
• Employee distribution: United States (USA) 93%, Brazil 3%, Other 5%
• Latest funding: December 2012
• Founded year: 1984
• Headcount: 201-500
• LinkedIn: mitsui-sumitomo-insurance-group

MSIG USA, based in Warren, New Jersey, is a corporate insurance provider that specializes in commercial insurance solutions, including property and casualty insurance. Founded in 1984, the company serves a variety of industries, helping businesses manage risks and protect their assets through customized insurance products and risk engineering services. Notably, MSIG USA offers marine insurance products, specifically ocean and inland marine insurance, which positions them within the marine insurance underwriting sector. As a subsidiary of MS&AD Insurance Group, MSIG USA benefits from a global network and financial strength, allowing them to provide comprehensive coverage across the United States and beyond. Their commitment to risk management and customer service further enhances their standing in the industry.

14. Novamar Insurance Group, Inc.

• Website: novamarinsurance.com
• Ownership type: Private
• Headquarters: Sarasota, Florida, United States (USA)
• Employee distribution: United States (USA) 57%, Mexico 43%
• Founded year: 1987
• Headcount: 11-50
• LinkedIn: novamar-insurance-group

Novamar Insurance Group, Inc. is an insurance agency based in Sarasota, Florida, specializing in marine and yacht insurance. Established in 1987, the company has dedicated itself to providing tailored insurance solutions for boat owners and yacht enthusiasts. Novamar addresses the unique risks associated with maritime activities, offering a range of services including yacht programs, commercial marine insurance, and specialized coverage for Mexican boat liability. The firm prides itself on its client-focused approach, emphasizing personalized service and expertise in navigating the complexities of marine insurance. With a team of experienced professionals, Novamar has developed proprietary insurance programs to meet specific client needs, such as their Mexican Vessel Liability Program. Their strong relationships with underwriters enable them to deliver competitive premiums and comprehensive coverage options, making them a notable player in the marine insurance sector.

15. DUAL Corporate Risks

• Website: dualcorporaterisks.com
• Ownership type: Private
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2003
• Headcount: 501-1000
• LinkedIn: dual-corporate-risks

DUAL Corporate Risks, based in London, is a private insurance agency that specializes in underwriting services. Founded in 2003, the company operates as part of the DUAL Group, which is recognized as one of the largest international managing general agents (MGAs). DUAL Corporate Risks provides a wide array of insurance products across various sectors, including property, financial lines, marine, and liability insurance. Their marine insurance offerings include hull insurance, maritime employers liability, and marine/offshore general liability, among others. The company serves primarily insurance brokers and intermediaries, leveraging its global network to deliver tailored insurance solutions. With a strong emphasis on underwriting expertise and a commitment to high standards of service, DUAL Corporate Risks has established itself as a reliable partner in the marine insurance market.

16. Coastal Marine

• Website: cmaunderwriting.com
• Ownership type: Private
• Headquarters: Kuala Lumpur, Kuala Lumpur, Malaysia
• Employee distribution: Malaysia 65%, United Kingdom (UK) 9%, Hong Kong S.A.R 9%, Other 18%
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: coastal-marine-asia

Coastal Marine Asia, based in Kuala Lumpur, Malaysia, is a private marine insurance provider that specializes in underwriting services for marine hull and cargo. Established in 2012, the company has carved out a niche in the marine insurance sector, offering tailored insurance solutions and risk management services to businesses in the shipping and marine industries. Coastal Marine operates across various regions, including Asia, the Middle East, Africa, and Europe, demonstrating a broad operational footprint. The company prides itself on its technical expertise and commitment to customer service, providing end-to-end insurance and reinsurance products for both brown and blue water vessels. Their services include marine hull underwriting, cargo underwriting, claims management, and finance management, among others. Coastal Marine has also been recognized for its innovative approach to underwriting, which allows them to consider a wide range of risks and provide comprehensive solutions to their clients.

17. LIG Marine Managers

• Website: ligmarine.com
• Ownership type: Private
• Headquarters: St. Petersburg, Florida, United States (USA)
• Employee distribution: United States (USA) 90%, Russia 10%
• Founded year: 1989
• Headcount: 11-50
• LinkedIn: lig-marine-managers

LIG Marine Managers, based in St. Petersburg, Florida, is a private insurance company founded in 1989. With a workforce of around 39 employees, the company specializes in commercial marine and longshore insurance. They offer tailored coverage solutions designed specifically for marine businesses, including marinas and contractors, addressing their unique insurance needs. LIG Marine Managers is recognized for its ability to provide online quotes and expert consultations, making the insurance process more accessible for clients. The company also emphasizes education in the marine insurance field, co-sponsoring the Certified Marine Insurance Professional designation and hosting various webinars to keep industry professionals informed. Their focus on longshore insurance and related services positions them as a significant player in the marine insurance underwriting market.

18. Continental Reinsurance

• Website: continental-re.com
• Ownership type: Corporate
• Headquarters: Lagos, Lagos, Nigeria
• Employee distribution: Nigeria 46%, Kenya 20%, Botswana 12%, Other 21%
• Latest funding: September 2015
• Founded year: 1985
• Headcount: 51-200
• LinkedIn: continental-reinsurance

Continental Reinsurance Plc, established in 1985 and headquartered in Lagos, Nigeria, is a corporate entity that specializes in providing a wide array of reinsurance products and advisory services to insurance companies across Africa. With a workforce of approximately 202 employees, the company operates in more than 50 countries, showcasing its extensive reach within the continent. Continental Reinsurance offers solutions in various sectors, including motor, liability, marine, and life insurance, thereby assisting clients in effectively managing their risks. The company has developed a reputation for its technical expertise and customer service, particularly in marine and aviation insurance, which is a critical area for many of its clients. Their commitment to the African market is evident through their regional offices and tailored services that cater to the unique needs of different countries. The company has not reported any recent funding, indicating a stable operational model that relies on its established market presence and client relationships.

19. Seascope Insurance Services

• Website: seains.com
• Ownership type: Private
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 92%, Greece 8%
• Founded year: 1970
• Headcount: 51-200
• LinkedIn: seascope-insurance-services-limited

Seascope Insurance Services is an independent insurance broker based in London, specializing in marine insurance and reinsurance. Established in 1970, the company has built a reputation for providing tailored insurance solutions to shipowners, charterers, and operators. Their expertise spans various marine disciplines, including Hull & Machinery, Protection & Indemnity, Special Risks, and Yacht insurance. Operating primarily in the European Economic Area and the Middle East, Seascope ensures that clients are well-protected against maritime risks. The company is also a licensed Lloyd's broker, which allows them to operate in one of the most prestigious insurance markets globally. With a dedicated team of specialists, Seascope focuses on delivering quality service and in-depth knowledge to meet the unique needs of their clients. They have expanded their reach through associate companies in Greece, Singapore, and Hong Kong, enhancing their ability to serve a global clientele.

20. Premier

• Website: premiergroup.ca
• Ownership type: Corporate
• Headquarters: Vancouver, British Columbia, Canada
• Employee distribution: Canada 96%, Bangladesh 4%
• Latest funding: April 2015
• Founded year: 1989
• Headcount: 51-200
• LinkedIn: premier-marine-insurance-managers-group

Premier, established in 1989 and headquartered in Vancouver, British Columbia, is an insurance company that provides a range of insurance products, including Professional Liability, Environmental Liability, and notably, Marine Insurance. With a workforce of approximately 187 employees, Premier operates multiple offices across Canada, including locations in Calgary, Toronto, London, and Cambridge. The company administers over 150,000 policies, showcasing its significant involvement in the insurance market. Premier's marine insurance division, specifically the Premier Marine Insurance Managers Group (WEST) Inc., is recognized as one of Canada's largest providers of boat and yacht insurance. This specialization reflects their commitment to addressing the unique needs of marine clients, offering tailored solutions for both pleasurecraft and commercial marine operations. Premier's underwriting agency is backed by domestic and London security, ensuring a robust framework for managing risks associated with marine activities.

21. Suez Canal Insurance - SCI

• Website: sci-egypt.net
• Ownership type: Private
• Headquarters: Ad Doqi, Giza Governorate, Egypt
• Employee distribution: Egypt 100%
• Founded year: 1979
• Headcount: 501-1000
• LinkedIn: sci-1979

Suez Canal Insurance - SCI, founded in 1979, is a private insurance company based in Ad Doqi, Giza Governorate, Egypt. As the first private sector insurance company in Egypt, SCI has established a significant presence in the insurance market, offering a range of products that include marine hull and cargo insurance, motor insurance, medical insurance, and more. The company serves both corporate clients and individual consumers, providing essential coverage to manage risks associated with unforeseen events. With a network of over 40 branches across Egypt, SCI has built a strong operational foundation. The company has been recognized for its contributions to the insurance sector, receiving a credit rating from AM Best, which reflects its financial strength and stability. SCI's involvement in national projects and private sector initiatives further underscores its commitment to supporting the Egyptian economy and enhancing its service offerings in the marine insurance sector.

22. Atrium

• Website: atrium-uw.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 95%, United States (USA) 4%, Other 1%
• Latest funding: $522.5M, July 2019
• Founded year: 1932
• Headcount: 51-200
• LinkedIn: atrium-underwriters-ltd

Atrium Underwriting Group Limited, based in London, is an insurance and reinsurance company that has been active since 1932. Operating within the Lloyd's market, Atrium specializes in a variety of underwriting services across sectors such as marine, energy, aviation, and property. The company is known for its tailored insurance solutions, which help businesses manage risks effectively. Atrium's marine insurance offerings include marine property and marine liability, showcasing their involvement in the marine sector. With a workforce of around 223 employees, Atrium emphasizes quality and expertise in its operations, ensuring that clients receive consistent and reliable service. The company is regulated by the Prudential Regulation Authority and the Financial Conduct Authority, underscoring its commitment to compliance and industry standards. In 2019, Atrium secured significant funding, further solidifying its position in the market and enabling continued growth and innovation in its underwriting practices.

23. ProSight

• Website: prosightspecialty.com
• Ownership type: Private
• Headquarters: Morristown, New Jersey, United States (USA)
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: prosight-specialty-insurance

ProSight, officially known as Coaction Specialty Insurance Group, is a privately-owned specialty property and casualty insurance company based in Morristown, New Jersey. Founded in 2009, the company has established itself as a significant player in the insurance market, focusing on tailored solutions for various industries. ProSight operates through several product verticals, including marine, energy, and transportation insurance. Their marine insurance offerings are designed to meet the specific needs of businesses involved in commercial marine activities, fuel distribution, and marine construction, among others. The company prides itself on its underwriting expertise and a customer-centric approach, which allows them to provide innovative solutions that address the unique risks faced by their clients. ProSight has not reported any recent funding, indicating a stable operational model since its transition to a private entity in 2021.

24. Axa Xl

• Website: axaxl.com
• Ownership type: Private
• Headquarters: Hamilton, Pembroke, Bermuda
• Employee distribution: India 33%, United States (USA) 19%, United Kingdom (UK) 13%, Other 35%
• Founded year: 1986
• Headcount: 10001+
• LinkedIn: axaxl

Axa XL, founded in 1986 and based in Hamilton, Bermuda, operates as a private insurance and reinsurance company. With over 10,000 employees, it provides a wide array of risk management solutions tailored for mid-sized and multinational businesses, as well as high-net-worth individuals. Axa XL's offerings span various sectors, including professional liability, casualty, and specialty insurance. Notably, they have a dedicated focus on marine and logistics insurance, which positions them as a relevant player in this niche. Their global presence allows them to serve clients in more than 200 countries, enhancing their capability to address the unique challenges faced by marine operators. Axa XL emphasizes strong partnerships and customer service, which are critical in the marine insurance market where trust and reliability are paramount.

25. NAGICO Insurances

• Website: nagico.com
• Ownership type: Corporate
• Headquarters: Philipsburg, Sint Maarten, Sint Maarten (Dutch part)
• Employee distribution: Sint Maarten (Dutch part) 33%, Trinidad and Tobago 32%, Dominica 7%, Other 28%
• Latest funding: July 2021
• Founded year: 1982
• Headcount: 201-500
• LinkedIn: nagico-insurances

NAGICO Insurances, founded in 1982, is a corporate insurance provider based in Philipsburg, Sint Maarten. With a workforce of approximately 315 employees, the company operates across 21 territories in the Caribbean, including the Dutch, English, and French Caribbean. NAGICO offers a comprehensive suite of insurance products, which includes health, life, auto, and notably, marine insurance. Their marine offerings include Marine Cargo, Marine Liability, and Marine Hull insurance, catering to both personal and commercial maritime needs. NAGICO has built a reputation for efficient claims management, particularly in response to hurricanes, which is crucial in a region prone to such natural disasters. The company has not reported any recent funding, indicating stability in its operations and a focus on organic growth. NAGICO's commitment to the marine insurance sector is evident through its tailored solutions designed to protect clients' maritime investments and operations.

Marine Insurance Underwriting Insights: Key Companies

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