At the forefront of Maritime Mutual’s purpose is its Members. Located in every part of the world, they are engaged in a wide range of commercial maritime operations. Our Member’s entered ships range in size and type from large Suezmax tankers and Supramax bulkers, to mid-sized Container ships and Ferries and smaller ships such as Tugs, Barges and Fishing vessels. There are no constraints on vessel age, type or size. Only that our Member’s vessels need to be confirmed as being maintained in a safe and seaworthy condition.
Number of Vessels by Vessel Type
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Maritime Mutual’s financial security is rated BBB + and ranked ‘Investment Grade’ with ‘Low Risk’ by Equifax Australasia.
Our Security and Reliability
Maritime Mutual’s security is backed by a quality reinsurance programme provided by specialist Lloyd’s Syndicates and highly rated London Market insurance companies. This programme was devised and continues to be maintained by one the world’s top ranked re-insurance brokers. The resulting ‘A’ rated security package provides Maritime Mutual’s Members with peace of mind and quality services at economic cost.
Maritime Mutual’s reliability is demonstrated by its formal endorsement by Flag State and Port State authorities around the world as approved providers of ‘Blue Cards’ for Oil and Bunker Pollution and Wreck Removal liabilities. Maritime Mutual is also a globally approved provider of MLC Financial Security Certificates. As such, our Members need have no concerns about meeting flag and port state requirements for port entry into any country to which they trade.
Benefits of Membership
Maritime Mutual is structured to share risk amongst its Members in a manner similar to an International Group P&I Club. As such, Maritime Mutual is effectively a not-for-profit that is owned and run solely for the benefit of its Members. But unlike an International Group Club, Maritime Mutual is independent and not bound by the groups restrictions. This allows Maritime Mutual to be highly competitive in terms of price, flexibility of cover terms and liability limits.
Further, Maritime Mutual is not like an independent fixed premium P&I insurer that must answer to shareholders who demand a profit. Maritime Mutual can therefore provide the best of both systems to its Members. This includes not-for-profit mutuality, tailor-made cover terms and, very importantly, independence and highly competitive pricing.
Maritime Mutual’s strength is generated by its superior market connectivity and expertise in combination with pro-active risk management and a clear focus on Member needs-based underwriting. As such, Maritime Mutual’s priority is to first fully understand your business, your ships and your particular risks.
Maritime Mutual’s management capabilities are delivered by their appointed Managers and Exclusive Correspondents located in New Zealand, London, UAE, Singapore and Shanghai. These management hubs are staffed by skilled insurance professionals qualified as underwriters, risk managers, legal advisors, marine surveyors and claims adjustors. Their experience includes special knowledge of casualty control and claims handling in the Middle East and Asia-Pacific regions where many Maritime Mutual Member’s trade.
Become a Member
Download an application form.
Maritime Mutual provide the complete Club Rulebook for viewing online or download.
Meet the team who’s job it is to understand your business and your particular risks.