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    Richard Young

    Richard Young

    Focus Group Leader - Hull & War

    We participate in the insurance of approximately 20% of the world's ocean-going trading tonnage and are the prominent leader of voyage and tow business in the London market.

    The Beazley Marine team is a recognised leader in the insurance of owner-operated shipping company business. Our underwriters have an excellent understanding of the industry and their customer base and place great importance on maintaining a close and knowledgeable relationship with the management of the companies we insure.

    We aim to offer unrivalled speed and excellence in our technical and claims service. Customised policies and programmes are available to suit individual requirements and both standard and non-standard covers are offered for all ages and types of vessel.

    We provide competitive quotes across a broad spectrum of coverages including ITCH / American Institute Clauses and Norwegian Hull forms. Coverage is provided for hull time all risks and limited conditions, voyage and towage risks, increased value / disbursements, loss of hire, total loss only, mortgagee's interest, building risks, port risks, yachts / pleasure craft, reinsurance and war risks.

    Please refer to separate sections for further detail on Builders' Risks, Hull & Machinery, Increased Value, Mortgagee's Interest, Voyage & Tow.

    We will pay these losses

    As we write a wide range of non-standard and customised covers the losses we pay out on varies considerably but typically would include total loss of a vessel, repair costs following damage to a vessel, certain expenses and liabilities, sue & labour, GA contribution, salvage costs, etc. All subject to the terms and conditions of the actual policies.

    Target market

    • Shipowners
    • Charterers
    • Terminal operators
    • Ship repairers
    • Freight forwarders
    • Marine surveyors
    • P&I clubs
    • Port authorities
    • Financial institutions involved in the maritime industry

    Key territories



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