EMBRACE THE CHALLENGE OF THE SEAS

Exploring new territories

The ocean is mankind’s gateway to discovery. Our foray into the London Marine MGA market established us as industry pioneers, and we continue to make waves today. While our products evolve, our ethos is constant: service is our priority and our word remains our bond. Some values never change.

Sector specialists. Market leaders.

We are not afraid to write challenging risks. Our ethos is based on calculation, expertise and specialism rather than a gung-ho attitude. Our advanced risk management techniques allow us to write bespoke, trade specific risk transfer solutions, proactively helping our clients to manage volatility. The proof is in our product.

An accountable approach to risk

In 2018, we founded Amphitirite because we believed there was a better way. That entrepreneurial spirit continues to run through everything we do as we evolve. It is present in our approach to risk, and in our horizontal and collaborative environment.

We do not simply encourage free thinking among our team, we demand it. And we empower decision making to foster accountability. How does that help you? By ensuring that each and every one of our team shares our desire to establish us at the forefront of the industry. That means being better.

Better at anticipating and managing upcoming trends. Better at in-depth research. Better at risk intelligence. Ultimately, better at giving you the service you deserve.

Empowered leadership
seamless service

We pride ourselves on the speed of our response: to claims, underwriting enquiries and more. We firmly believe that business success is founded on personal relationships as well as exceptional products and service; our emphasis on proactive client management reflects this.

Regardless of your size or the complexity of risk you need to manage, we encourage collaboration with our specialist underwriters. Their experience and expertise is readily available to you. Such openness and transparency reduces turnaround times and helps us produce competitively priced solutions tailored to your needs.

Risk Management

We are proactive in implementing end-to-end bespoke loss prevention and loss mitigation solutions across a diverse range of risks and products. This, as opposed to the more commoditised transactional and passive approach to risk transfer, provides a superior, better value product.

But don’t just take our word for it. Here’s what our clients have to say:

CLIENT TESTIMONIALS

  • Senior Claims Broker, Lloyd’s Broker

    We were notified of a complex claim which required detailed consideration. AMP were approachable and pragmatic throughout the journey with exceptional turnaround times.

  • Head of Claims, Lloyd’s Broker

    I would strongly recommend using AMP as a company off the back of the claims service/management that I have experienced. I cannot speak highly enough of AMP’s claims team. They are very proactive, professional, knowledgeable, and positive in their approach to the claims handling, which makes the entire process effortless for us and our clients.

  • Claims Director, Lloyd’s Broker

    I’ve been impressed by the quality and speed of response from Amphitrite to various claims they have handled for our clients over the last year. Their level of technical marine claims knowledge and expertise is outstanding and this is coupled with a refreshing, practical no-nonsense approach which seeks to find fair and acceptable solutions to claims rather than creating barriers to settlement. I am very pleased to recommend their services.

  • Senior Marine Broker, Lloyd’s Broker

    The team at Amphitrite are a pleasure to work with, they’re always available and the turnaround time for new enquiries is one of the best in the London Hull market. They’ll consider most risks we present and are more than happy to offer alternatives in cover and pricing, which certainly simplifies my job as a broker.

  • Director, Marine

    It is a pleasure to see genuinely empowered underwriters, servicing their clients in a professional and timely manner, whilst maintaining complete approachability. It is something that is rarely seen in today’s market and it is appreciated and valued by brokers and our clients.  

  • Director, Marine

    Amphitrite are a pleasure to deal with, not only as a capacity provider but as a true market leader with decisions based on both knowledge and gut instinct. The team have a dedication to serving brokers whether in person, phone or email, no matter where they may find themselves.

    They are very much specialists in their field, making them a go-to market for their target tonnage. They sometimes say no, but this is indicative of their objectivity and expertise. They can always explain the reason for their decision.

  • Head of Marine

    Amphitrite have always looked to add value wherever possible by providing practical solutions to brokers. They understand shipping and are not afraid of challenging scenarios or tonnage.

    They take service very seriously and we are always impressed with the fast turnaround time on quotes and emails.

    With their long term paper in place, they were the first of a new generation of MGA’s who provide a genuine alternative to Lloyds and London Insurance Company Security. They are a genuinely entrepreneurial and passionate Marine Insurer.

  • Managing Director, Marine

    Amphitrite have always, from day one, been able to consider risks that others wouldn’t because it’s not ‘vanilla’ business. Whether that be because a vessel type, age, trading pattern or the loss record isn’t favourable, the ability to assess risk and offer solutions is a big part of why Amphitrite have been a success.

    Outside of the high-level underwriting service we’re used to, the claims service is top class, with great communication and fast turnaround times when it really matters.

  • Head of Marine

    Amphitrite provide a unique solution in the market. Their “outside the box” thought process provides various options for clients to review and helps deliver a positive outcome for both sides.

    Their ability and willingness to quote on the spot – regretfully a dying art in the market – is a notable strength.

  • Divisional Director, Marine

    Amphitrite’s underwriting team demonstrate first-class technical understanding of marine risk, which is reflected in their ability to make bold decisions and respond quickly and comprehensively to the broker.

    As well as being happy to underwrite 'usual' risks, they also have an appetite for more niche marine risks, which differentiates them from many of their peers. 

    Their claims function is top-tier, with admirable stability of personnel. As a broker I have no hesitation in recommending Amphitrite as a claims leader to our clients.

    The stability and multi-year longevity of their relationship with their capacity supporter makes it clear they are not here for the short-term. 

  • Managing Director, Marine

    Amphitrite demonstrate deep knowledge of specialised marine risks and exhibit the ability to quantify and evaluate risks that most of the competition can't.

    Managing Director, Marine

  • Executive Director, Marine

    Amphitrite have the perfect combination of expertise and flexibility. Our clients really appreciate their enthusiasm to find a solution in the most challenging circumstances. Their level of service always meets and exceeds expectations. We are a 24/7 business and Amphitrite understand that.

    Their unique understanding of the most complex difficult risks makes them stand out in the market.

PRODUCTS

    • Cost of repairing physical loss or damage to the vessel.

    • Reimbursement following a total loss of a vessel, either actual or constructive.

    • Expenses to prevent or mitigate a loss (sue and labour, salvage, general average).

    • Collision and third-party liabilities.

    • Expenses associated with claims (survey fees, expert fees etc.)

    • Physical loss or damage to the vessel caused by a war peril.

    • Loss of Hire / earnings as a result of a war peril.

    • Drugs seizure cover for innocent owners and operators.

    • An agreed amount paid triggered by total loss on the hull and machinery policy covering the anticipated future earnings of the vessel providing cover that is traditionally excluded by a loss of hire policy.

    • Physical loss or damage whilst a vessel is being constructed, undergoing conversion or repair works.

    • Cover for loss of charter / income following physical damage to the vessel.

    • All-Risk Coverage: Provides broad protection against almost all risks of loss or damage unless specifically excluded.

    • Named Perils Coverage: Covers only specific risks outlined in the policy, such as fire, theft, or collision.

    • General Average: Covers losses incurred when cargo is sacrificed for the safety of the ship and its remaining cargo.

    • War and Strikes: May cover loss due to war, civil unrest, or strikes that can affect transit.

    • Loading and Unloading: Covers damage that occurs during the loading or unloading process.

    • Theft and Pilferage: Provides coverage against theft or partial theft of the cargo.

    • War on Land Coverage in cargo insurance typically refers to protection against risks and damages arising from war-related activities while goods are in transit on land.

TYPES OF VESSELS

    • General Cargo

    • Tankers

    • Bulk Carriers

    • Refrigerated Cargo Vessels

    • Containerships

    • Ferries, Roro’s & Landing Craft

    • Passenger Ships

    • Yachts & Pleasure Craft

    • Tugs & Barges & Pontoons

    • Inland Tonnage

    • Dredging & Wet Construction

    • Fishing vessels and fishing support vessels

    • Supply, Salvage & Support Vessels

    • Other Specialist Vessels

RISK APPETITE

MARINE HULL

    • Newly formed operations

    • Singleton & doubletons

    • Small & medium size fleets

    • Brown and green water risks

    • Elderly vessels

    • Limited conditions

    • Non-IACS unclassed vessels

    • Distressed tonnage

    • Physical loss or damage whilst a vessel is laid up for an extended period, usually in excess of 30 days. Coverage can be extended to include limited navigation depending on the type of risk.

    • Tows – Demolition and repositioning voyages.

    • Under own power – Demolition and repositioning voyages.

MARINE CARGO

    • Long and short term storage up to a max 12 months on a primary and/or excess basis

    • Single location

    • Certain pharmaceutical accounts

    • Specific automobiles

    • XS stock excluding CAT

    • Consequential loss

    • Certain perishables

    • Small premium accounts (less than $50k premium)

    • Project cargo & dry tows, heavy lift

    • Single shipments

    • Cargo war

    • Damaged cargo

    • Cash on board the vessels

    • Providing cargo cover alongside marine hull account i.e. project cargo, single shipment, cargo war

    • Small premium accounts (less than $50k premium)

AMPHITRITE TEAM

TO LEARN MORE ABOUT OUT SPECIALIST MARINE INSURANCE UNDERWRITING AGENCY, CONTACT THE TEAM

AMPHITRITE NEWS

SECURITY

Amphitrite Underwriting Limited is a Managing General Agent and Coverholder backed 100% by Arch Capital Group Ltd, a Bermuda based public limited liability company which writes insurance, reinsurance, and mortgage insurance on a worldwide basis. As a Standard & Poor’s 500 company, Arch is recognised leading global financial services company.

Arch Capital or NASDAQ: “ACGL” has over $3bn of annual revenue and over $55bn in total assets with a financial strength rating of A+ from Standard & Poor’s, AA- from Fitch Ratings and A+ from AM Best Company.

Complaints procedure:

Whilst we endeavour to provide an excellent level of service at all times, we understand there may be occasions where you feel that you  have not received the service you expect from us. We want to hear about any issues to ensure that we can continually improve our service and we will deal with any complaint fairly, promptly, and efficiently.

You can report a complaint in the following ways -  Telephone 020 4511 3350 - Email – complaints@amphitrite.insurance

In writing – Amphitrite Underwriting Limited, 145 Leadenhall Street, London, EC3V4QT

We will review and respond to your complaint in line with our complaints procedure, which is available on request. Following our response to you, if you remain unhappy you may  have the right to take your complaint to the Financial Ombudsman Service. You can contact the Financial Ombudsman Service by telephone on 0800 0234 567 and further information is available at www.financial-ombudsman.org.uk/.

Amphitrite Underwriting is a trading name of Amphitrite Underwriting Limited Registered in England under 11309258. Registered Office 2nd Floor Hygeia House, 66 College Road, Harrow, Middlesex, United Kingdom, HA1 1BE.

Amphitrite Underwriting Limited is authorised and regulated by the Financial Conduct Authority (FRN: 994686). These details can be checked on the FCA’s Register by visiting the FCA’s website – www.fca.org.uk or by contacting the FCA on 0800 111 6768.