Marine Kidnap for Ransom

A piracy incident is a serious crisis situation, within a highly complex legal environment, where not only high valued assets, such as ship and cargo, are at stake, but also human life. Such extreme situations call for extremely high levels of tact, expertise and handling capability.

It is therefore our utmost priority and belief to use only highly specialised capacities that are both financial stabile and highly commited to the (Marine) Kidnap for Ransom line of insurance and that also provide access to the best possible crisis consultants, in case of any such incident. We cannot and will not settle for any less.

The annual covers (with maximum Limits of up to USD / EUR 15 million) that we are able to provide to clients domiciled in Europe are highly competitive and, we feel, best in class. Higher Limits are available, however only under special circumstances.

We are also able to provide spot Marine Kidnap for Ransom + Loss of Hire (also available on a stand-alone basis) coverage for transits and/or calls to the High Risk Areas using our digital smart|insure platform. It allows the our clients (EU and Non-EU) to obtain quotes, bind cover and receive the relevant documentation, all within minutes. Here we offer Limits of up to USD / EUR 25 million.

The capacity we represent are all S&P A rated.

To gain access or to get a quote, send us an email underwriting@assetsecure-si.com and we will get in touch soonest.

Marine War Risks

War is generally characterised by extreme collective aggression, physical destruction and usually high mortality and does not, unfortunately, exclude targets at sea. The results can be asset losses in the millions and unfortunately, also the loss of human life.

The War Risks insurance coverage that we provide our clients, both on an Annual and on Spot basis, is designed to cover damage to the ship and certain liabilities, resulting from acts of War that standard Hull & Machinery and P&I insurance choose to exclude. This typically includes damage or loss caused by war, civil war, revolution, rebellion, strikes, arrest, weapons of war, terrorists etc.

We are able to provide both Annual Basic War Risks coverage and Spot War Risks coverage for transits and/or calls to the High Risk Areas with Limits of up to USD 100 million any one vessel on the basis of the internationally recognised Institute War and Strike Clauses.

The capacity we represent are all S&P A rated.

Let us know in case you are interested in getting an alterbative quote by sending us an email underwriting@assetsecure-si.com.

Marine Security Incident Response incl. Drug & Malicious Seizure

Maritime companies (e.g. Shipowners / Managers & Operators) face risks both at port and at sea such as unlawful vessel seizure, corrupt port authorities, political unrest, smuggling, cyber threats, stowaways – there are agrowing number of political, security and integrity risks that can disrupt operations, threaten crew and quickly eliminate the thin profit margins of a difficult market.

The all-inclusive nature of this policy removes the financial uncertainty associated with engaging security consultants and responding instantly to complex integrity and security-related issues anywhere in the world, giving businesses total peace of mind and reassurance that they will meet their duty of care obligations.

The cover we provide can be extended to include Drug and / or Malicious Seizure Loss of Hire, a must have in todays world. Clients looking for the standard Drug Seizure cover have come to appreciate the extra breadth of cover they receive, for a highly competitive price.

The capacity we represent are all S&P A rated.

If you are interested, do feel free to send us an email underwriting@assetsecure-si.com.

Marine Hull & Machinery

Hull & Machinery insurance is the vessel's primary insurance against physical damage to the vessel and its machinery or equipment. The vessel is insured to its full value, whereby the insurance, depending on the extent of protection chosen, compensates total loss of the vessel, salvage, partial damages to one's own vessel, collision liability (RDC/FFO may be excluded as needed), ice damages, engine-damage, and the vessel's contribution to general average. 

We are currently working on the on-boarding of new capacity providers that intend on providing to-follow shares for this line. If you are interested in participating, do feel free to send us an email underwriting@assetsecure-si.com.

© 2025 assetsecure specialist insurance GmbH