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$0m
Business based outside the UK
A leading alternative to the P&I Clubs
Financial strength
British Marine is owned by the QBE Insurance Group. The strength of the QBE Insurance Group balance sheet means that you can transfer your risks to us, confident in the knowledge that if you ever need to make a claim, we’ll be here for you.
US$m
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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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Net insurance revenue
All figures from 2023. 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
AA-
Stable
A+
Positive
A
Stable
QBE Insurance Group
S&P Global Ratings AA- Stable
Fitch Ratings A+ Positive
A.M. Best A Stable
QBE UK Limited (“QBE UK”)
S&P Global Ratings AA- Stable
Fitch Ratings A+ Positive
A.M. Best A Stable
QBE Europe SA/NV (“QBE Europe”)
S&P Global Ratings AA- Stable
Fitch Ratings A+ Positive
A.M. Best A Stable
Company
S&P Global Ratings
Fitch Ratings
A.M. Best
QBE Insurance Group
AA- Stable
A+ Positive
A Stable
QBE UK Limited (“QBE UK”)
AA- Stable
A+ Positive
A Stable
QBE Europe SA/NV (“QBE Europe”)
AA- Stable
A+ Positive
A Stable
British Marine's executive team
Kevin joined QBE in 2005, and has held a number of roles in the Marine Cargo, Ports & Terminals and Transport & Logistics teams in both London and Singapore. In 2020, whilst retaining responsibility for the Ports & Terminals portfolio, he was given the wider remit within QBE’s International Markets division to lead the Portfolio Solutions business and London Market facilities for QBE. In 2022, Kevin was appointed Director of Marine and Product Lead for Marine – Europe.
Matthew began his career in insurance in 2007, joining as an underwriting assistant for the 1036 O’Farrell syndicate, part of the QBE insurance group. He has since risen through the underwriting ranks and has recently been promoted to Portfolio Manager – Hull and War in April 2022, overseeing both the Syndicate Hull and British Marine Hull products.