NON-IG FACILITIES
Alandia
Headquarters: Mariehamn (Aland Islands), Finland
Security: Alandia
S&P Rating: A-
Aurora P&I (ex CARINA) (Part of MECO Group)
Headquarters: London, England
Security: Markel International group as of 2025 (previously Great Lakes Insurance SE subsidiary of Munich Re)
S&P Rating: AA-
*FD&D limit $2m
Al Bahriah Insurance & Reinsurance S.A.L.
Headquarters: Lebanon
Security: Lloyds
S&P Rating: N/A
*Higher GT can be agreed
British Marine (Includes QBE Asia P&I)
Headquarters: London, England
Security: QBE Insurance (Europe) Ltd
S&P Rating: AA-
*Accepts vessels up to 30,000 GT for charterer's business
Charterama
Headquarters: Rotterdam, Netherlands
Security: Intact Insurance (Europe) S.A - Intact is the legal successor to RSA, following its acquisition of RSA and subsequent rebranding under the Intact name.
S&P Rating: None
*FD&D $5m
The Charterers P&I Club (Part of MECO Group)
Headquarters: London, England
Security: Markel International group as of 2025 (previously Great Lakes Insurance SE, subsidiary of Munich Re)
S&P Rating: AA-
China P&I Club
Headquarters: Shanghai, China
Security: Mutual & IG Clubs
S&P Rating: N/A
Eagle Ocean
Headquarters: New York, USA
Security: American P&I Club
AM Best rating: B+ (stable)
Hydor (52% share ownership acquired by Longship Fund II (May 2022)
Headquarters: Oslo, Norway
Security: Lloyd's Layers Westfield ($10m), Chubb ($40m xs 10m), Chubb ($450m xs 50m), AIG ($500m xs 500m)
S&P Rating: AA-
Insure Marine Underwriting
Headquarters: Rotterdam, Netherlands
Security: NNPC/North Standard
S&P Rating: A
MSIG Specialty Marine NV (Formerly Raetsmarine)
Headquarters: Belgium, Brussels (Registered office)
Security: MSIG Europe SE (up to USD 500,000,000) - Various Lloyd's Underwriters & Company markets (USD 500,000,000 xs 500,000,000)
S&P Rating: AA- (Stable) Lloyd's of London, A (Stable) MSIG Europe SE, A+ (Strong) MS&AD Group MS&AD
NNPC
Headquarters: Haren (Groningen), Rotterdam
Security: Mutual Club (reinsured by NorthStandard)
S&P Rating: A
UK P&I FIXED (formerly THOMAS MILLER SPECIALITY P&I)
Headquarters: London, England
Security: UK P&I Club
S&P Rating: A- (Stable)
*only $1m for US business
**25,000 GT for dry cargo
Turk P&I
Headquarters: Istanbul, Turkey
Security: A rated & above
S&P Rating: BB- (Fitch)