Marine & Energy

Our Marine & Energy business lines include Marine Hull, Marine Liability, Fine Art & Specie, Renewable Energy, Upstream Energy & Liabilities and Cargo & Specie.

Business lines

Marine Hull

Ark’s Marine Hull specialists share a wealth of knowledge and technical expertise, and offer cover on a worldwide basis for both physical damage and third-party liability.

A relentless focus on exceptional broker and client service has enabled us to grow close working relationships and make well informed, on-the-spot decisions. All of our underwriting is supported by a dedicated, highly experienced Marine Claims Team to ensure that all claims achieve the best possible outcomes.

Our emphasis is on covering small to medium-sized fleets, with owners who demonstrate a high quality of risk management and loss prevention measures.

Our cover includes:

  • Hull and machinery: primarily brownwater with some smaller bluewater tonnage
  • Increased value
  • Loss of hire
  • Port risks
  • Builders risks
  • Specialist tonnage: including dredgers, fishing vessels and harbour craft
  • Marine war risks
  • Yachts

Marine Liability

Ark underwrites a diverse portfolio of direct and reinsurance Marine Liability business.

We cover a wide spectrum of risk types and service a varied clientbase, from large global companies to small, privately owned firms.

Our underwriting is supported by a dedicated Marine Claims Team whose broad experience ensures that all claims are dealt with promptly and expediently.

Our products cover:

  • Protection and indemnity
  • Specialist operations
  • Ship repairers
  • Shipbuilding and repair
  • Terminal operators
  • Stevedores
  • Charterers’ liabilities

Fine Art & Specie

We cover organisations or private individuals for high value assets such as fine art, coins, stamps, collectables, bullion, precious metals, cash, diamonds, jewellery and watches.

Our bespoke insurance policies provide specialist cover for items in storage, on display or in transit. All of our products can be enhanced with class-specific extensions such as defective title, restoration cover and employee infidelity.

Recognised as market leaders in fine art and specie business lines, Ark underwriters’ in-depth knowledge provides our clients with the right cover that works when it matters.

We provide cover for:

  • Private and corporate art, coin and jewellery collections, museums, galleries, dealers, auctioneers and classic cars storage
  • Armoured car, cash management and ATMs
  • Retail, wholesale and manufacturing jewellers, diamond and gemstone dealers
  • Pawnbrokers and cheque cashers
  • Miners and refiners of precious metals and stones
  • Banks and financial institutions

We provide worldwide cover for all risks of physical loss or damage to assets in storage, on display or in transit.

Renewable Energy

We offer worldwide coverage for construction and operational renewable energy projects.

This includes construction and erection all-risk policies, delay in start-up, marine cargo, operational all-risk policies, business interruption, machinery breakdown and third party liability.

Classes covered include:

  • Onshore and offshore wind farms
  • Solar: photovoltaic (PV) and concentrated solar plants (CSP)
  • Hydroelectric plants
  • Geothermal

Our highly specialised Renewable Energy Team operates in a dynamic industry. Our longterm relationships with coverholders and producers enable us to adopt a flexible and innovative approach and meet the complex and challenging needs of our clients.

Upstream Energy & Liabilities

Ark’s Upstream Energy Team offers first-party and third-party coverage in the oil and gas sector.

Our clients are typically operating and non-operating partners with financial interests in onshore and offshore exploration and production assets. These include independent or privately owned institutions, multinational oil companies, midstream operators and state-owned entities.

We also offer a broad suite of coverage to supplier companies, including mobile drilling, servicing and marine contractors.

All risk policies are available for worldwide facilities and activities during both construction and operational phases, including:

  • Physical loss, physical damage and ancillary coverages
  • Operators extra expense
  • Business interruption, loss of production, delay in start-up and loss of hire
  • Natural perils such as the Gulf of Mexico windstorm
  • Third-party liability

Cargo & Specie

The Cargo Account provides coverage for both general goods and specialist items in transit by air, sea, road and rail. We also cover storage of goods in the ordinary course of transit for extended periods.

We provide cover for:

  • Satellite pre-launch
  • Heavy and oversized cargoes carried by heavy lift vessels or by barge and in tow
  • Commodities including oil, metals, cotton and grains
  • Wine producers
  • Car manufacturers
  • Textiles and clothing
  • Electronics

Ark’s experienced underwriters are able to deal with highly complex risks. Our team can act as leading underwriter or following market and utilise both institute clauses and bespoke wordings. We are able to write business in most territories worldwide (subject to sanctions) and our underwriting is backed by a dedicated Marine Claims Team.

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