Sunderland Marine – a name you can trust
S
underland Marine Mutual Insurance Ltd is active around the world, with offices in the United Kingdom, Holland, North America, Canada, Australia, South Africa and New Zealand. Consequently it is able to draw on enormous resources and an extensive pool of experience.
As a mutual, Sunderland Marine says it prides itself on the extremely high level of service it provides to its members. "Our staff are drawn from the industry we serve," says Chris Kennedy. The staff have extensive "hands on" knowledge and give risk management and claim handling the highest priorities.
The company aims for excellence in servicing the industries it supports by offering comprehensive cover at sustainable premium levels, providing the marine and aquaculture industries with the comfort of long-term stability and continuity. A comprehensive range of cover for commercial vessels of all types is provided to protect members' interests by using standard institute clauses for hull and liability cover, enhanced by special wordings which assist in developing the scope of cover and administration of the protection provided.
The hull and machinery cover protects owners against damage claims and total loss, with protection and indemnity cover giving members comfort for their legal liability should an accident occur.
"Our loyal members have benefited considerably from the commitment and stability of Sunderland Marine, which has now been provided to generations of vessel owners. It is the company's policy to maintain a strong financial position, holding free reserves and maintaining solvency in excess of global statutory minima, thus ensuring we retain considerable financial reserves," says Kennedy.
The company is approved by many regulatory authorities in the United Kingdom, the European Union, the United States, Canada, Australia, South Africa and New Zealand. "We have enjoyed a stable relationship with leading security at Lloyds and other professional reinsurance companies from Europe and the United States for many years. "Our reinsurers carry the highest international insurance rating accreditations, providing members with the additional comfort that our valuable free reserves are protected."
Sunderland Marine says it is now one of the most established providers of aquaculture insurance, and possibly the longest serving to the aquaculture industry, having issued its first policy in 1986. As aquaculture has grown and evolved worldwide, so has the importance of this class of business to the company. It currently provides approximately 20 percent of the company's total income. The balance is spread roughly between workboats of all
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kinds (tugs, charter, tourism) and the fishing industry. The New Zealand branch, based in Nelson, will come under the management of Chris Barrett from January 2012. In keeping with the company's ethos of consistency (and the appointment of operation managers named Chris), the outgoing New Zealand manager, Chris Kennedy, is moving across the Tasman Sea to take up the role of Australia branch manager.
Left to right: Chris Barrett, Diane Green,
Chris Kennedy and Matthew Allsop
VIP.WB12 WB1 W COMPANY PROFILE
