Marine & Energy Treaty Reinsurance

Marine Treaty insurance refers to a reinsurance arrangement where insurers transfer a portion of their marine insurance liabilities to a reinsurer through a treaty agreement. It allows insurers to spread their risk and manage their exposure more effectively. Canopius insurance offers world-wide coverage.

In a Marine Treaty arrangement, insurers cede a defined portion of their Marine insurance portfolio to a reinsurer in exchange for a premium. The reinsurer assumes liability for losses within the agreed-upon parameters outlined in the treaty.

We provide coverage for a variety of marine energy and specialty classes, including hull, cargo, specie, marine and energy liabilities, energy, war, political violence and terrorism, and political risk.

Pro-rata reinsurance involves sharing the premiums and losses between the insurer and reinsurer in proportion to the agreed terms, while excess of loss reinsurance provides coverage for losses that exceed a specified amount.

We offer specialised Energy reinsurance coverage for Offshore Energy projects, ensuring they are protected against unique risks associated with the offshore environment.

Reinsurance programmes provide essential risk management for insurance companies, enabling them to manage their exposure to large claims and stabilise their financial performance.

Reinsurance solutions are tailored arrangements that meet the specific needs of insurance companies, covering various product lines to ensure comprehensive protection against diverse risks.

With the growing impact of climate change and shifting geopolitical risks, ship owners and offshore energy operators face increasing uncertainty. Energy reinsurance provides a safety net, helping businesses manage unexpected financial shocks and a sense of stability.

With extreme weather events increasing due to climate change, risks are heightened for ship owners, insurers, and offshore energy projects. Many insurers incorporate advanced modelling techniques to assess and mitigate these evolving threats.

We offer treaty reinsurance solutions that address marine liabilities, including collision claims, environmental pollution, and third-party damages arising from marine and offshore energy operations.