Shipping is one of the most complex and tightly regulated industries in the world, generating a vast number of claims each year. According to a report by Global Market Insights, the global marine insurance market was valued at an impressive $30.2 billion in 2023. The shipping industry operates in increasingly demanding physical, commercial, legal, and regulatory environments.
In short, maritime-related claims carry significant stakes.
The Thomas Miller group has been the leading provider of insurance and risk management services to the marine and transport sectors for over 125 years. And as part of that group, TMCM has built an enviable reputation of providing high-quality claims handling and risk management support for all types of marine claims and disputes. Examples include:
- Marine liability claims: For maritime service providers such as salvage contractors and shipyards, covering Maritime Employers Liability (MEL), Comprehensive General Liability (CGL), and collision liability.
- P&I claims: For shipowners and charterers, addressing third-party liability, pollution, wreck removal, cargo, personal injury, or regulatory fines.
- Hull & Machinery claims: Pertaining to damage to a vessel’s hull and/or machinery.
- Cargo claims: Relating to the damage or loss of cargoes.
Our experience is supported by a deep understanding of the complexities and challenges presented by these claims. We also recognise the many factors that can impact operations and shape the claims landscape, such as geopolitical tensions, fluctuating energy prices, climate change, and evolving sanctions regimes and regulations. Furthermore, we understand that vessels in different trades (e.g., bulk cargoes, food cargoes, container shipping) face unique operational challenges and specific types of claims.
Maritime claims have distinct characteristics, which is why it’s crucial to choose a company with a proven track record of handling cases for the biggest names in maritime and shipping.
Trust TMCM for expert claims management you can rely on. Contact us today.
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