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British Marine

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

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Insurance profit

All figures from 2017. 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

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Stable

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A+

Stable

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A

Stable

QBE Insurance (Europe) Limited

Standard & Poor's A+ Positive

Fitch Ratings A+ Positive

A.M. Best A Stable

QBE Insurance Group

Standard & Poor's A+ Stable

Fitch Ratings A+ Stable

A.M. Best A Stable

QBE Insurance (Europe) Limited

A+ Positive

A+ Positive

A Stable

QBE Insurance Group

A+ Stable

A+ Stable

A Stable

British Marine's executive team

Tim Pembroke

Tim has worked for over 30 years in the marine insurance market and has extensive experience of the Lloyd’s and wider international markets. He has served on many boards and working parties, including the Lloyd’s Market Association (LMA) board and the LMA marine committee, and he has been chairman of the Joint Cargo Committee. He has also served on committees within the International Union of Marine Underwriters.

Grant Smith

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.