Marine Insurance Manager

Reports To

Experience Required

Employment Type

Role Summary

1. Portfolio Administration & Insurance Support

• Support the management of the marine insurance portfolio, including Hull & Machinery (H&M), Protection & Indemnity (P&I), War Risks, AWRP, and KNR covers.
• Maintain and update certificates of entry and H&M policies to reflect changes in vessel ownership, valuation, mortgagee, and loss payee details.
• Coordinate condition survey schedules and ensure timely completion, including implementation of any required clause amendments.
• Monitor vessel insurance coverage to ensure adequacy in line with trading patterns and operational requirements, escalating discrepancies where necessary.

2. Offshore & Contractual Risk Management

• Assist in reviewing offshore service agreements (e.g., SUPPLYTIME, TOWCON) to assess insurance obligations and liability exposures.
• Coordinate with chartering and operations teams to ensure contractual insurance requirements are reviewed prior to contract execution.
• Verify that third-party towed vessels maintain appropriate H&M and P&I coverage in accordance with contractual obligations.
• Escalate complex contractual and risk-related matters to senior management for review and approval.

3. Recycling Voyage Insurance

• Support the arrangement of H&M and P&I coverage for vessels undertaking demolition or recycling voyages.
• Liaise with brokers and underwriters to obtain quotations and prepare coverage comparisons for management review.
• Maintain organized records and documentation relating to single-voyage recycling insurance placements.

4. Claims Management Support

• Assist in coordinating the end-to-end claims handling process in collaboration with surveyors, underwriters, brokers, and P&I Clubs.
• Prepare and organize expense statements, deductible invoices, and supporting documentation for submission to insurers.
• Maintain accurate claims registers and monitor settlement progress and timelines.
• Provide timely claims updates to internal stakeholders while escalating significant developments appropriately.

5. Broker & Underwriter Engagement

• Maintain effective working relationships with brokers, underwriters, and insurance market counterparts.
• Support the preparation of renewal submissions, underwriting presentations, and related documentation.
• Track market developments, premium trends, and insurer feedback to support renewal and negotiation strategies.
• Assist in promoting recycling-related business opportunities to underwriters where applicable.

6. Regulatory & Compliance Oversight

• Support compliance with international maritime regulations, including ISM and ISPS requirements.
• Monitor disclosure obligations and assist in identifying and addressing compliance gaps.
• Ensure insurance records, policy documentation, and related files are maintained in accordance with company standards and audit requirements.

7. Legal & Administrative Coordination

• Assist in the review and administration of legal matters arising from MOAs, trading agreements, demolition contracts, and other contractual arrangements.
• Prepare summaries, reports, and briefing notes for senior management and legal counsel as required.
• Coordinate with legal, operations, and commercial teams to support insurance-related matters across the business.

Qualifications & Experience

• Bachelor’s degree in Maritime Studies, Business Administration, Finance, Law, or a related discipline.
• 3–6 years of relevant experience in marine insurance, P&I, or maritime operations.
• Sound knowledge of H&M, P&I, War Risks, and related marine insurance products.
• Familiarity with marine contracts such as TOWCON, SUPPLYTIME, and MOA is advantageous.
• Understanding of ISM/ISPS regulatory requirements.
• Previous exposure to claims handling, survey coordination, or loss adjusting processes is preferred.
• Experience from the shipowner’s side, or equivalent industry exposure, with a strong understanding of marine operations, insurance requirements, and market practices.
• Established relationships within the marine insurance and maritime services network, including brokers, underwriters, P&I Clubs, surveyors, correspondents, and agents.

Skills & Competencies

• Strong organizational skills with the ability to manage multiple priorities and deadlines effectively.
• Excellent written and verbal communication skills.
• Ability to collaborate effectively with cross-functional teams and external stakeholders.
• Strong analytical and problem-solving capabilities, particularly in reviewing contractual insurance provisions.
• Proficiency in Microsoft Office applications (Word, Excel, Outlook); familiarity with insurance management systems is an advantage.
• High level of professionalism, integrity, and discretion in handling confidential information.