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Marine Liability
Specialty
AXA XL Insurance offers marine insurance around the world. Marine liability coverage includes all classes of marine and related support operations.

Product details

Capacity

  • London (Lloyd’s Syndicate): USD 150 million
  • London (XL Insurance Company SE): USD 150 million
  • New York: USD 50 million
  • Insurance segment global network: USD 30 million
  • Combined limit of USD 150 million, any one risk, any one program

Coverage

AXA offers liability insurance for all classes of marine and related support operations. Given the international nature of the shipping industry, AXA provides marine insurance to cover vessels, ports and ship repair yards throughout the world. Risks are written on both a primary and an excess of loss basis. We use our knowledge and experience in the marine insurance business to provide tailored coverage for a range of international clients.

Areas of expertise include:

  • Protection and Indemnity
  • Ports and Terminals
  • Charterers
  • Ship repairers
  • Niche lines
  • Marine liability insurance coverage

Client Profiles

  • Global shipping companies
  • Global Ports and Terminal operators
  • Vessel Charterers
  • Ship owners

Typical Information Required

  • Five-year loss record
  • Description of operations
  • Policy terms/coverages required
  • Proposed schedule of underlying limits, coverage and carrier for excess layers

Benefits & Services

  • Excess of loss, primary or quota share participation
  • Global fronting: locally admitted marine insurance policy issuance in over 140 countries
  • Worldwide capabilities
  • Global claims network supporting marine insurance clients

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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