ABOUT US
Market leaders in specialist marine insurance
British Marine offers comprehensive products, in-depth experience and the financial strength and security to deliver on our promises.
British Marine was founded in 1876. Since then, it has built a reputation for catering to the needs of smaller vessels, including tugs, harbour craft, fishing vessels and cargo vessels. In 2000, British Marine was demutualised and in 2005, it was acquired by the QBE Insurance Group. Today, it is a leading marine insurer, providing cover to vessels all over the world.
Unlike many other providers, we offer both P&I and Hull and Machinery insurance – individually or combined – and can cover 100% of the risk.
At a glance
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Years in operation
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Vessels insured
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US$0m
Correspondents in 230 ports
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US$0m
Business based outside the UK
A leading alternative to the P&I Clubs
Financial strength
British Marine is owned by the QBE Insurance Group. The strength of the QBE Insurance Group balance sheet means that you can transfer your risks to us, confident in the knowledge that if you ever need to make a claim, we’ll be here for you.
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Gross written premium
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Net earned premium
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Combined operating ratio
US$m
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Insurance profit
All figures from 2021. For more, visit the Financial Reports and Presentations area on the QBE Insurance Group website, where you can also find information for investors and shareholders.
Highly rated
British Marine is a wholly-owned subsidiary of QBE Insurance (Europe) Limited, which forms part of the QBE Insurance Group, both of which receive financial strength ratings from the leading rating agencies.
QBE Insurance (Europe) Limited
A+
Stable
A+
Stable
A
Stable
QBE Europe SA/NV (“QBE Europe”)
Standard & Poor's A+ Stable
Fitch Ratings A+ Stable
A.M. Best A Stable
QBE Insurance Group
A+ Stable
A+ Stable
A Stable
QBE UK Limited (“QBE UK”)
A+ Stable
A+ Stable
A Stable
QBE Europe SA/NV (“QBE Europe”)
A+ Stable
A+ Stable
A Stable
British Marine's executive team
Grant has been in the industry since 2006. He started his career as an Aviation underwriter, before becoming an underwriter for Ports and Terminals, Marine and Energy Liability. In 2014, he was appointed Portfolio Manager of Marine Liability at QBE and in 2016, he became Portfolio Manager of Marine Liability Specialty, which comprises QBE’s Marine Liability syndicate and British Marine P&I.
Guy began his career in Lloyd's in 1985. Since 1989 he has been underwriting Fixed Premium insurance and in 1991 was one of the founders of Osprey Underwriting Agency, becoming CEO in 2012. In 2020 he assisted an International insurance broker in setting up their US office and then joined British Marine as Portfolio Manager of the P&I business in September 2021.