Marine Professions

The Renaissance Wayon Marine Professions’ Insurance

Ship managers, Marine Brokers and associated professions contribute so much to the Cyprus economy, yet they are very rarely in the spotlight. Perhaps the only sector apart from professional services operating in a truly global context you face a range of risks on a daily basis, yet the local insurance market knows so little about you and does even less for you.

You make sure the logistics chain runs, often at uncertain cost to you and with cyclical margins. All along you and your clients are exposed to natural catastrophes, perils of the sea, geo-political risks, even human error.

We understand all these risks and can ensure that if it makes commercial sense to pass any of them to an insurer market we will do it for you. Meaningful risk transfer will allow you to service your clients without fear of any conflict in case of a loss.

Available solutions include:

  • Professional Liability Insurance, which could include:
    • Ship management/ Crewing services
    • Advisory Services
    • Fiduciary services
    • Breach of Data Protection
  • Cargo Insurance: Through established IT platforms that allow you to provide your clients with first class global cover and enable you to generate an additional revenue stream for your business.
  • Project Cargo Insurance: For specific key projects that need tailor made cover
  • Property Insurance: To protect your own assets
  • Directors’ and Officers’ Liability Insurance, particularly suitable for limited liability companies
  • Office insurance that includes Property, Employer’s and Public Liability cover
  • Employee Benefits, such as Group Medical, Life, Accident and Travel Insurance, to assist in attracting and retaining top-class talent. For ship management companies we offer partnership opportunities to provide solutions to clients in the following fields:
    • Crew Accident/ Life/ Medical cover
    • Crew Kidnap and Ransom

We do what we are best at. For the moment we only offer marine hull to large yachts only, however in the near future we will be able to service commercial hull and P&I accounts.

Our solutions are available to practices of all sizes and from a number of insurers, local and international.

    Our Promise on Service

  • Starts with Listening: We take time to understand your specific needs and design a tailor-made program.
  • Continues with commitment: We are a family-owned business, just like most of our clients. Our commitment is to our clients and not any public shareholders.
  • Evolves with your business:We grow with you, share knowledge and expertise and maintain the relationship for the long-term.