Marine & Energy Treaty Reinsurance
Comprehensive marine and energy treaty reinsurance services with global expertise and flexible solutions.
We write a world-wide portfolio on a pro-rata and excess of loss basis, which is split between the London market and international business. Coverage is provided for the following marine and energy specialty classes of business:
- Hull and machinery
- Cargo
- Marine war
- Fine art and Specie
- Yachts
- Inland marine
- Marine and energy liabilities
- Energy
- War, Terrorism and Political Violence
We offer consistency and technical expertise on pricing, with strong modelling capabilities. Our team is empowered to make decisions; we adopt a flexible approach and seek to provide an efficient service for our clients.
What sets us apart
- We offer consistency and technical expertise on pricing, with strong modelling capabilities.
- We ensure we understand our client’s business, their approach and their ultimate ambition.
- Our team is empowered to make decisions; we adopt a flexible approach and seek to provide efficient, bespoke service for our clients.
- The team has more than 100 years of combined experience within the marine and energy treaty market.
- Our Head of Marine Treaty is chair of the LMA Joint Excess Loss Committee and sits on the LMA Marine Committee.
- Capacity of USD 30m any one programme on a lead and follow basis.
- We offer a broad range of products through all of the Canopius platforms.
- The ability to write XOL, Pro-Rata and Retrocessional business.
Geographical locations
Currently Canopius will accept risks from all international locations except Iran, North Korea and Cuba.
Speak to one of our specialist underwriters – select from the regions below
FAQs
What is Marine Treaty Insurance?
Marine Treaty Insurance refers to a reinsurance arrangement where insurers transfer a portion of their marine insurance liabilities to a reinsurer through a treaty agreement. It allows insurers to spread their risk and manage their exposure more effectively. Canopius offers world-wide coverage.
How Does Marine Treaty Insurance Work?
In a marine treaty arrangement, insurers cede a defined portion of their marine insurance portfolio to a reinsurer in exchange for a premium. The reinsurer assumes liability for losses within the agreed-upon parameters outlined in the treaty.
What types of reinsurance coverage do you provide?
We provide coverage for a variety of marine and specialty classes, including hull, cargo, specie, marine and energy liabilities, energy, war, political violence and terrorism, and political risk.
What is the difference between pro-rata and excess of loss basis?
Pro-rata reinsurance involves sharing the premiums and losses between the insurer and reinsurer in proportion to the agreed terms, while excess of loss reinsurance provides coverage for losses that exceed a specified amount.
How do you support offshore energy projects?
We offer specialised coverage for offshore energy projects, ensuring they are protected against unique risks associated with the offshore environment.
What role do reinsurance programmes play for insurance companies?
Reinsurance programmes provide essential risk management for insurance companies, enabling them to manage their exposure to large claims and stabilise their financial performance.
What are reinsurance solutions?
Reinsurance solutions are tailored arrangements that meet the specific needs of insurance companies, covering various product lines to ensure comprehensive protection against diverse risks.
