SVP, Ocean Marine, North America
Ocean Marine
US Ocean marine insurance covering cargo, liability and hull exposures with flexible capacity, tailored solutions and expert risk management.
Our US Ocean Marine team offers a flexible and consistent underwriting approach providing coverage for marine liabilities, cargo, blue water hull and brown water hull exposures.
Our experienced underwriting, claims and risk control professionals have specialized ocean marine experience. By carefully monitoring changes in the market and truly understanding each client’s risk exposures, we take a collaborative approach to offering tailored solutions, responsive service and risk mitigation strategies.
Coverage features
| Product | Target classes (not limited to) | Capacity | Underwriting capability | |
|---|---|---|---|---|
|
Marine Liability |
Vessel operators, marine contractors, marine construction, marine terminal operators/ freight handlers, ship repairers, commercial boat builders, wharfingers, charterers, and marina operators. |
US $25m |
|
|
|
Cargo |
Manufacturers, importers, exporters, and distributors including general merchandise consumer goods, chemicals, petroleum and petroleum based products, food and beverage, machinery, project cargo and other commodities. |
US $25m |
|
|
|
Blue Water Hull |
Foreign and domestic oceangoing vessels in excess of 2,500 gross registered tons. |
US $10m |
|
|
|
Brown Water Hull |
Vessels including tug/barge, passenger vessels, workboats, ferries, municipalities, research vessels, crew boats, pilot boats, and miscellaneous craft; builders’ risk and boat dealers. |
US $15m |
Physical damage, protection and indemnity including collision and towers liability on commercial domestic vessels operating in the coastal and inland waters of the US. |
|
|
Logistics |
Freight brokers, forwarders, 3PLs, multi-modal operators, customs brokers, NVOCC’s, indirect air carriers, motor carriers, warehouse operators, shared economy, terminal operators, drayage operations. |
US $25m |
|
Experts
For more information and to find coverage that best suits your needs, speak to our US Ocean Marine experts.
Expert claims handling designed for complex ocean marine risks
We are committed to providing outstanding claims service for all Ocean Marine coverages, delivering:
- Fair and appropriate outcomes for our insureds, tailored to the unique challenges of marine risks.
- Efficient service, timely responses, and fast payment of agreed claims to minimize disruptions in operations.
- Value-added expertise from product and industry specialists with deep knowledge of Ocean Marine exposures.
We achieve this by integrating our claims team into the underwriting process and aligning our claims professionals with each Ocean Marine product line and geographic region. With a focus on comprehensive, proactive solutions, we collaborate closely with our clients to ensure that their risk management strategies align with their operational and financial objectives. Whether navigating complex marine claims or seeking tailored coverage for specific Ocean Marine risks, Sompo will be by your side every step of the way, providing peace of mind and enhanced financial security.
Global coverage
Navigating global waters?
Speak to our Multinational experts about a convenient, consistent approach to accessing global coverage that is compliant with local regulations.
Get in touch
Need detailed claims history?
Use the form to request loss run information for your policy or client. Please provide as much detail as possible to help us locate the correct records and process your request efficiently. Once submitted, our team will review your request and respond as soon as possible.