Marsh’s global has won the Business Innovation Award in the Lloyd’s List Awards 2013. Marsh received this prestigious award for its SAMI facility, which was developed to provide comprehensive insurance coverage for the Private Maritime Security Company (PMSC) industry.
The first facility of its kind, Marsh’s SAMI facility provides PMSCs with insurance provision that reassures both clients and ship-owners, while supporting the wider development of the industry as a competitive force in global maritime security.
Nick Roscoe, a Managing Director in Marsh’s Marine Practice, commented: “PMSCs are increasingly at the vanguard of ship safety and security in the battle against piracy, yet in the past many have struggled to secure adequate insurance provision.
“Marsh is committed to ensuring that our PMSC clients have the insurance protection they need under challenging circumstances to continue to carve out an elite reputation within the global maritime community.
“On behalf of our Marine Practice, I would like to thank the Security Association for the Maritime Industry for its continued support; the underwriters that worked with us to develop the facility; and the judges at the Lloyd’s List Awards for this honour.”