Maritime Mutual Insurance Association Limited

Virgin Islands (British)

Contact Information

Harbour House Cockbum Town

Virgin Islands (British)

1 649 946 2626

About

<table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="42%></td> </tr> <tr> <td width="42%">Maritime Mutual, an internationally recognised Club, is now in its second successful decade of providing comprehensive insurance cover to transport intermediaries and the shipping industry. This on-going success has encouraged the Board of Directors to offer the benefits of membership of this exclusive Club to selected shipowner clients for Protection & Indemnity (P&I) and Freight, Demurrage & Defence (FD&D) and to charterers for Charterer's Liability and FD&D risks.</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Specialist Agents & Brokers</td> </tr> <tr> <td width="42%">Maritime Mutual cover is only available through formally appointed agents and approved brokers who have been carefully selected for their market expertise and specialist knowledge of marine liability insurance. These experts act as your personal "risk pilots" to ensure that you get the cover you really need at the right price.</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> The Benefits of Mutuality at Predictable and Economic Cost</td> </tr> <tr> <td height="6" width="42%">Maritime Mutual, unlike a fixed premium P&I insurer, has no shareholders demanding a profit on their investment. Instead, mutuality provides that the Club is owned by and is run solely for the benefit of its Members. Accordingly, your combined premiums pay for your combined claims, backed up by a comprehensive structure of first class re-insurance policies to provide full protection against major catastrophes and associated supplementary calls.</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Skilled and Versatile Underwriting</td> </tr> <tr> <td width="42%">Maritime Mutual's strategy is to understand your business and your particular risks. Our underwriters are skilled professionals with many years of marine market experience. They work closely with our appointed agents and approved brokers to combine London market expertise with regional needs and commercial realities. The result being that shipowners and charterers get the liability insurance protection which their operations demand - "no more, and no less" - because there is no point in paying for more than you really need.</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Reliability, Strength & Security</td> </tr> <tr> <td width="42%">Maritime Mutual is fully licensed and incorporated under the stringent requirements of British Crown Dependent Territory law. It is supervised and regulated by government insurance authorities and is entitled to conduct all classes of marine insurance business. Maritime Mutual's strength is derived from a combination of market expertise, selective underwriting and the vigorous defence of liability claims. Its Management is comprised of professional practitioners, well versed in underwriting, risk management, claims settlement and legal services and whose combined experience of the insurance industry exceeds 125 years. Maritime Mutual's security is backed by a highly efficient reinsurance programme provided by specialist Lloyd's Syndicates and financially secure insurance companies. This programme has been devised by one of the world's top three re-insurance brokers. The resulting package provides Maritime Mutual's members with peace of mind and quality service at economic cost. </td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Selective Membership </td> </tr> <tr> <td width="42%">Membership of Maritime Mutual is selective so as to avoid exposure to high risk operations such as VLCC's, cruise operators and US personal injury and pollution risks. Preference will also be given to owners and charterers who seek a long term service partnership with their insurer, together with favorable terms for members who are pro-active in respect of loss prevention and claims reduction.</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Immediate Service Response</td> </tr> <tr> <td width="42%">Maritime Mutual understands that swift and effective response to an emergency is of critical importance. Maritime Mutual, during its many years of experience, has developed an international directory of correspondents and lawyers who are available either directly or through our appointed agents and approved brokers 24 hrs. a day. Our pledge is to provide maximum service with the minimum disruption so as to get your operation back on course just as quickly as possible.</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Claims Settlement</td> </tr> <tr> <td width="42%" height="91">Claims are a fact of life and without them you would not need insurance. Maritime Mutual's claims handling policy is to: · Control and minimise the loss · Carefully and objectively investigate the cause · Work with agents/brokers to adjust the claim and agree a fair settlement · Accomplish prompt payment</td> </tr> <tr> <td width="42%"> </td> </tr> <tr> <td width="42%"><img src="images/ball.gif" width="11" height="9"> Loss Prevention</td> </tr> <tr> <td width="42%" height="216" valign="top">Maritime Mutual believes that mutuality demands close attention to loss prevention and the reduction of claims. Our technical team's remit is to liaise with our members to identify shipboard hazards and recommend practical and economic solutions for rectification. With reference to contractual issues, our legal team is available to provide their advice and assistance in relation to bills of lading, C.O.A.'s and charterparties as well as crew contracts and ship management matters. They can also help you in assessing the creditworthiness of the charterers you may wish to do business with. Give them a call - they are there to help you. The advantages of our pro-active loss prevention programme are reflected in our Member's success in reducing losses and increasing their profitability. Indeed, the Club's success is your success. In closing, we are delighted to welcome you as a full Member of Maritime Mutual. </td> </tr> </table>

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