Marine War Insurance
We provide war risk insurance to internationally trading merchant marine ships and other commercial shipping such as offshore support, survey, dredging and engineering craft.

Marine War risks accepted
- Breach of warranty voyages
- Hull & machinery
- Increased value / disbursements
- Primary war Protection & Indemnity (P&I)
- Reinsurance to primary war provider (mutual & commercial)
- Shipbuilding
- Specialist marine operations & projects
- War loss of hire / freight
Who can benefit from this insurance?
This insurance is designed for:
- Offshore support & survey craft: coverage for vessels involved in offshore construction, research, and dredging.
- Ship owners & operators: protection for vessels engaged in international trade, including merchant marine and commercial shipping.
- Shipbuilders & marine contractors: insurance for vessels under construction that may be exposed to geopolitical risks.
- Shipping & logistics companies: security for businesses managing cargo transport in war-prone regions.
Currently Canopius will accept risks from all international locations except Iran, North Korea, and Cuba.
ShipWRITE is our digital war risk solution for placement of annual war and breach AP risk. You can find out about ShipWRITE here.

Speak to one of our specialist underwriters









FAQs
-
At Canopius, we provide a wide range of Marine War Risks cover. This includes Marine hull and machinery, primary war Protection & Indemnity (P&I), increased value/disbursements, war loss of hire/freight, breach of warranty voyages, specialist marine operations and projects, shipbuilding, and reinsurance to primary war providers.
We’re focused on internationally trading merchant marine ships and other commercial shipping, such as offshore support, survey, dredging, and engineering craft.
-
When it comes to coverage limits, we’re able to offer lines of up to 25% or a $100m (USD) limit, whichever is the lesser. This ensures that we can provide substantial support to our clients, covering a range of potential risks and scenarios.
-
Yes, there are a few geographical restrictions. Currently, we at Canopius accept risks from all international locations except for Iran, North Korea, and Cuba. Apart from these, we’re open to covering risks in various global locations and understanding the diverse needs of international maritime operations.
-
Our Marine War insurance covers a variety of risks, including:
- Liability coverage: protection against third-party claims arising from war-related damages or accidents.
- Loss of hire: compensation for lost earnings due to war-related disruptions preventing a vessel from operating.
- Physical damage to vessels: damage resulting from war-related incidents such as missile strikes, bombings, or sabotage.
- Rerouting costs: additional expenses incurred when a vessel is forced to take a longer route due to war or piracy threats.
- Salvage & recovery costs: coverage for expenses related to rescuing a ship from a war or piracy situation.
-
Marine War insurance from Canopius covers vessels against operational risks arising from war, piracy, terrorism, and acts of war. It protects ship owners from physical damage due to hostile acts, ensuring their assets are safeguarded during high-risk operations. This insurance mitigates operational risks by covering costs associated with repairs and potential losses, offering comprehensive protection for maritime ventures. With Canopius’ expertise, ship owners can navigate challenging environments with confidence, knowing they are protected against both operational risks and physical loss.
Latest Canopius marine news
Canopius Appoints Tom Losquadro as VP Underwriting, National Hull & Liability US
Chicago, 9 June 2025 – Canopius Group, a leading global specialty and P&C (re)insurer, is pleased to announce the appointment of Tom Losquadro as Vice President...
Find out moreCanopius Appoints Neetu Varghese as Head of Marine, US
Chicago, 5 May 2025 – Canopius, a leading global specialty and P&C (re)insurer, announced today the appointment of Neetu Varghese as Head of Marine, US. Ms....
Find out moreCanopius Announces Expanded Role for Paul Hackett as Regional Head of Distribution
Singapore, 5 March 2025 – Canopius Group, a leading global specialty and P&C (re)insurer, today announced that that Paul Hackett has taken on an expanded...
Find out moreCanopius Expands Marine Team with West Coast Appointment as US Growth Continues
Chicago, 13 June 2024 – Canopius, the global specialty (re)insurer, today announces it has appointed Anthony Nguyen as Vice President, Underwriting as our US Marine...
Find out moreCANOPIUS APPOINTS DAVID HOFFMAN AS MARINE UNDERWRITER IN CONTINUED APAC EXPANSION
SINGAPORE— April 17, 2023 – Canopius Group, a leading global specialty (re)insurer, today announced the appointment of David Hoffman as Marine Underwriter. Based in Sydney,...
Find out moreCANOPIUS U.S. AND FALVEY PARTNER TO PROVIDE INLAND MARINE COVERAGE
CHICAGO — April 5, 2023 — Canopius Group, a global specialty reinsurer, is announcing a new partnership with Falvey Insurance Group (FIG), a managing general...
Find out moreCanopius appoints Head of Marine Treaty
LONDON – 26th April 2022 – Canopius Group, a leading global specialty (re)insurer, today announces the appointment of Claire Wallace as Head of Marine Treaty,...
Find out more