Marine, Cargo and Energy

Costero Brokers Ltd. have extensive experience in marine, cargo and energy placements.

Marine Insurance

With access to Lloyd’s and International markets, we provide tailor-made Insurance and Reinsurance cover for our clients who engage in the Marine and Cargo transportation sector. Using our in-house experience of this extensive and complex insurance market, we deliver a knowledgeable yet personal service to our clients to ensure their specific requirements are met.

We can create personalised covers for our clients for the following classes in marine business:

Marine and Specialist Liabilities
Protection and Indemnity
War Risks
Builder’s Risk
Loss of Hire
Charterer’s Liability
Cargo – Costero global lineslip in place

Stock throughput
Hull, Commercial Fleets, Singletons, Specialist Vessels and Yachts
P&I and Marine liabilities
Ports, Marinas and Terminals
Builders Risks
Freight Liability

Energy Offshore and Onshore

Property and Liability
GOM Wind exposure
Construction

In addition to above we also have in-depth expertise in coverage for Subsea Cables, Over-side Equipment, Ports & Terminals, and other “water edge” business.

Energy

We are brokers of choice for Energy Reinsurance and Insurance services due to our long-established relationships in the markets. We offer the ability to tailor to our clients’ needs in both the worldwide Upstream and Downstream Insurance and Facultative / Treaty Reinsurance Sectors, together with a thorough understanding of industry issues within these segments, to create bespoke products.

Geographic Scope

Worldwide

Structure of Placement

Insurance (Single Risk or Binders) Reinsurance

Marine Claims

The marine industry is an area of rapid growth in both opportunity and complexity with ever-changing needs.
The claims process across all areas of Marine (Hull, P&I, and Cargo) requires a specialist’s expertise and tailored support to assist policy holders to navigate what can be a fraught experience, effectively and painlessly.
This process should include claims advocacy (broking), adequate preparation, adjusting and specialist consultation.
We have serviced claims on the below but are not limited to:

Hull and Machinery & everything connected therein
Loss of Hire
Yacht Claims

Marina Losses
Cargo
Protection and Indemnity (P&I claims) for pollution, wreck removal, crew repatriation, and personal accident.

Dedicated and skilled claims professionals can lead to the following outcomes:

Work with our assured to ensure that they have a full understanding of the policy coverage and wordings
Covers all the needs of the assured’s business
Covers all the needs of the assured’s business
We make sure our assured remains informed at every stage along the process, both to manage their expectations
and keep them in the process

SPEAK TO OUR EXPERTS

MARINE, CARGO, AND ENERGY