Marine

United's Marine Capacity:

• Cargo $20,000,000
• Hull $20,000,000
• Marine Liabilities $10,000,000
• Stock Throughput $3,000,000

Mission

The goal of United Insurance Company, through its marine program, is to provide meaningful and stable capacity to its Shareholders and the captive insurance companies under the management of Aon Insurance Managers, worldwide.

Background

The marine program was created in 1973 as a facility to provide capacity to captives. Many of today's reinsureds have been clients since that time.

Structure

Most programs tend to have a recognized marine insurance provider issuing a policy of insurance to the parent organization (insured). The captive provides reinsurance to the issuing carrier and in turn purchases Quota Share or Layered reinsurance from United (and commercial markets). Those programs with a significant retention can expect to receive a substantial credit on their excess of loss pricing.

Creativity and Flexibility: United has provided alternative risk transfer solutions to captives for over 27 years. This experience enables United to propose and structure programs that best fit the individual client based upon their risk appetite and financial mass.

Benefits

• Direct access to commercial reinsurance market
• United receives significant reinsurance support from highly rated reinsurers
• Flexibility in program structure and design
• Long term relationships stabilizes rates
• Significant limits offered on all Marine lines
• Underwriting and claims service with almost 22 years of experience

• Underwriting Information
• Solution diagrams