Marine liability reinsurance is beneficial for shipping companies, port operators, shipbuilders, marine contractors, and logistics providers involved in maritime activities.

While standard marine insurance covers direct losses to vessels or cargo, marine liability reinsurance protects insurers from large third-party claims and catastrophic events.

Yes, coverage can be customized to address particular exposures such as pollution, crew injury, or contractual liabilities unique to your operations.

It allows insurers to spread risk, stabilize their financial results, and underwrite larger or more complex risks with greater confidence.

Claims are typically reported to the primary insurer, who then liaises with the reinsurer to assess and settle the claim according to policy terms.

Yes, common exclusions may include intentional acts, wear and tear, or non-compliance with regulations. Specific exclusions depend on the policy wording.

It’s advisable to review coverage annually or whenever there are significant changes in operations, regulations, or risk exposure.

Most policies can be structured to provide global coverage, but it’s important to confirm territorial limits and compliance with local regulations.