War Risks

Home   /   War Risks

Trusted by clients and markets alike, Fortune Marine Services is the leading maritime war risks (re)insurance broker in the world.

 

Our experienced and influential team place the reinsurance for some of the world’s largest war mutuals, as well as a large volume of direct war risks for individual shipowners, ship managers and charterers across the globe.

 

Handling in the region of 10,000 breach of warranty voyages each year, we negotiate these and annual cover on a daily basis and with a variety of markets. Competitiveness in rating comes as standard and our clients receive expert and timely advice every time.

 

 

 

WHAT DOES MARINE WAR INSURANCE COVER?

 

Our breadth of experience allows us to develop insurance programmes that have all aspects considered:

 

  • War risks (conventional cover)
  • War protection and indemnity (P&I) and crew war liability
  • Crew war personal accident
  • Kidnap and ransom
  • Cargo war risks
  • Ship seize, confiscation and associated risks
  • Quarantine
  • War loss of hire
  • Piracy loss of hire
  • Charterers’ additional hire expenses
  • Charterers’ liability for ransom payments
  • Cyber related exposures

 

BREACH OF WARRANTY ONLINE SYSTEM

ADDING VALUE THROUGH TECHNOLOGY

The current breach call process for shipowners involves a large amount of paperwork, email traffic and phone calls. It also suffers from in-built delays due to time zone differences and underwriter response times.

Fortune Marine Services’s proprietary Breach of Warranty Online System (BOWOS) was built in direct response to our clients’ needs to streamline this process.

Designed for mutuals and individuals alike, BOWOS offers:

  • A simple and efficient declaration process
  • 24/7 availability from any location
  • Secure access for nominated users
  • A personalised homepage
  • Pre-agreed additional premium rates
  • A secure ‘notes’ system capturing all correspondence
  • Immediate documentation
  • Customised mapping and routing application
  • Management reporting and complete audit trail