Despite being a newcomer, we are committed to delivering exceptional service, tailored uniquely to each client's needs.
about us
Founded in 2023, WE UNDERWRITING operates as a Managing General Agent within the marine insurance sector, having secured primary authorization from a renowned insurer. Our team comprises experts hailing from the international marine insurance market, boasting decades of collective experience.
LINES OF BUSINESS
Our most robust areas of expertise
“WE” is prepared to offer insurance coverage across the following types. Our specialists are committed to ensuring you receive precisely what you need
Marine Hull & Machinery
01
Covers physical damage to the vessel and its machinery caused by perils such as collisions, grounding, and weather-related incidents.
01
Increased Value & Disbursements
02
Additional coverage beyond the standard hull policy limit, typically used to protect against total loss situations where the insured value exceeds the agreed hull value.
02
War & Strikes
03
Safeguards vessels against damage, loss, or detention resulting from warlike actions, hostilities, or strikes, which may not be covered under standard marine policies.
03
Loss of Hire
04
Compensates vessel owners for lost income resulting from an insured event that renders the vessel unable to operate, such as damage or repairs, ensuring financial stability during downtime.
04
Builder’s risks
05
Provides coverage for vessels under construction or renovation, protecting against damage, theft, or other losses that may occur during the building process until delivery to the owner.
05
million GT across the portfolio
15+
WE UNDEWRITING IN NUMBERS
take a look at our portfolio
vessels are insured through us
55% Average Loss Ratio
17
average age of the vessel
More than 20 types of vessels insured
600+
vessels are insured through us
Clients from 30+ countries
92,16%
6,02%
1,50%
1,50%
Geographical premium distribution
Europe
Asia
Oceania
MENA
B+
Credit Rating
(Good) by Am Best — the largest credit rating agency in the world
The finalized agreement between "WE UNDERWRITING" and "SUN RE Ltd." was reached in late 2023. As our inaugural security, "Sun Re Ltd." enables us to participate in international marine insurance placements on their behalf on a following basis, with a cap of $7.5 million USD.
security
Sun RE Ltd.