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Marine

Widespread uncertainty and a changing environment present novel challenges as well as opportunities for growth in maritime finance, shipbuilding, shipping, ports and terminals, cargo, and logistics.

Maritime and logistics industries are not exempt from today’s unprecedented levels of global uncertainty.

Increasing environmental standards and industry regulation, coupled with technological advances and use of big data, are accelerating the velocity and convergence of risk. Novel and unexpected risks such as pandemics, supply chain shocks, cyber threats, and backlogs caused by delays worldwide add to the disruption faced by maritime and logistics companies.

This changing global landscape necessitates swift adaptation by ship owners and operators, managers of ports and terminals, and cargo and logistics service organizations. These businesses also must contend with insurance markets’ sharp reaction to losses, which is driving price, reducing cover, and making claims resolutions more complicated.

With the right guidance, insurance programs, and risk mitigation strategies, maritime and logistics companies can skillfully navigate the changing risk landscape to minimize losses and liabilities, and exploit opportunities for future-proofing growth and resilience.

We have the scale, scope, and market presence to solve almost any risk problem facing your organization.

An increased demand for Jones Act compliant vessels, driven by the growth of offshore wind and general supply chain concerns, has given rise to new investment in shipyards and long-neglected infrastructure projects.

However, industry leaders must also contend with a series of historic and emerging risks including an aging maritime workforce, rising freight and fuel costs, redeveloping brownfield sites, managing hazardous materials, preparing for decarbonization in shipping, and the growing threat of cyberattacks.

A comprehensive approach to risk management is essential for organizations to ensure they are prepared for a continuously evolving maritime sector.

With over 100 years of marine expertise, our advisors will work with your company to minimize your risk exposures and navigate business-related challenges through our innovative application of industry-leading data, analytics, and benchmarking.

Featured insights

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Podcast

04/25/2025

Risk in Context Podcast: Enhancing supply chain visibility to navigate evolving risks

In this episode our hosts explore the various risks that can impact supply chains, discuss the visibility challenges hindering organizations’ ability to identify hidden risks, and share actionable strategies that senior leaders should consider to mitigate these risks and build more resilient supply chains.

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Webcast

02/27/2025

Risk management and insurance basics: A video series

This series is tailored for beginners to guide understanding of the fundamentals of risk, key concepts, and best practices across a range of topics.

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Article

01/16/2025

P&I club renewal 2025

Our annual P&I club renewal updates provide information on P&I club renewal policies, supplementary call history, general increase history, International Group reinsurance rates, and P&I release calls.

650+

marine, cargo, and logistics specialists globally

35

countries with marine, cargo, and logistics expertise

US$3.9

billion premium in 2023

FAQs

US leadership

Janice Kowell

Janice Kowell

Head, Marine, Cargo & Logistics, US & CA

  • United States

Global leadership

Marcus Baker

Marcus Baker

Global Head of Marine, Cargo, & Logistics

  • United Kingdom

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George Jones

Global Sales Leader, Marine, Cargo & Logistics Practice

  • United Kingdom

Mark Cracknell

Mark Cracknell

Global Head of P&I

  • United Kingdom

Matthew Yeshin

Matthew Yeshin

Managing Director of Global Digital Cargo, Marsh Canada

  • Canada