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So far Mike has created 11 blog entries.

CoastalMS Binders Renewed for a Further 12 Months

We are pleased to confirm that our Hull and Machinery and Protection and Indemnity binders were renewed for a further 12 months, effective 1st July 2022, with our existing panel of underwriters. Highlights include: • Cover offered to Owners and Charterers • Limit of Liability USD 25,000,000 (can be increased to USD 500,000,000) • Ability to underwrite both EEA and Non EEA business • Blue card acceptance by over 50 Flag States • Short and long terms risks considered • Ancillary covers offered in respect of Contractual Liability and Specialist Operations

2022-11-14T13:12:05+00:00November 4th, 2022|Information|

2021 Binding Authority

We are pleased to advise that our existing underwriting panel have renewed our binder for the 2021 policy year. Security will be provided as follows:   P&I Non EEA business:   60% Lloyd’s, London 25% American International Group UK Limited 15% HCC International Insurance Co. Plc UMR B0775MRC11421     H&M Non EEA business:   50% HCC International Insurance Co. Plc 50% Lloyd's, London UMR B0775MRC11421     P&I EEA business: 60% Lloyd’s Insurance Company S.A 25% AIG Europe S.A 15% Tokio Marine Europe S.A UMR B1732MRC11421A   H&M EEA business: 50% Tokio Marine Europe S.A 50% Lloyd’s Insurance Company S.A  UMR B1732MRC11421A   We would like to extend our thanks to those underwriters, broker and clients that continue to support us.

2021-02-22T09:30:33+00:00February 11th, 2021|Information|

Brexit Strategy for EEA domiciled Assureds

Whilst I’m sure we’re all still hoping for an agreement between Britain and the EU regarding financial services, we have taken steps to ensure that we can continue to underwrite EEA business in 2021, in the event of a no deal situation. We have entered-into a joint venture with B-Mar www.bmar.be based in Antwerp, to transact business domiciled within any EEA country.  B-Mar have a wealth of experience in the Marine Insurance sector and we are excited to be working with them. BMAR is regulated by the Financial Services and Marketing Authority and has applied to Lloyd’s Brussels for Coverholder status.

2021-02-11T12:57:25+00:00February 11th, 2021|Information|

COVID-19

Given the recent relaxation of lockdown measures, we’ve been able to re-open our office with two teams rotating weekly. Notwithstanding the ability to work remotely, there’s nothing quite like an office environment to get the creative juices flowing and we’ve started working on a number of new projects in order to enhance our existing offerings. Watch this space!

2021-02-09T10:23:15+00:00July 16th, 2020|Information|

WELCOME

We’re delighted to welcome Charlie to the team. Charlie joined at the end of June and will assist the Administration Team and also David and John in our Underwriting division. Charlie has been working in the insurance industry for the last 4 years and we’re sure he’ll be a great asset to CMS, despite being a Tottenham fan!

2021-02-09T10:24:03+00:00July 15th, 2020|Information|

P&I SPECIAL EDITION ARTICLE

We were invited by The Marine Insurer to write an article for their P&I Special Edition. We chose to focus on the importance of the Fixed Premium industry, highlighting the difference between mutual clubs and commercial insurers. The full publication is attached, though if you want to skip straight to page 20, that’s where you will find our contribution. We hope you will find this an interesting read.

2021-02-09T10:22:42+00:00August 14th, 2020|Information|

WELCOME

We are pleased to announce the recent appointment of John Hearn as Underwriter. John has worked in the P&I industry since 1986 and brings a wealth of knowledge with him to the team. Please see the Contacts section of our website for further details.

2020-07-23T13:47:36+00:00July 13th, 2020|Information|

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