British Marine, founded in 1876, offers P&I cover for small and medium sized vessels. It is the largest Non-IG insurer with annual premium income of USD 105 million.

P&I limits of liability are offered to USD 1 billion per incident, normally for vessels up to 30,000 gross tons.

Following its acquisition by QBE Europe in 2005, British Marine can also provide Hull & Machinery covers on a 100% basis in conjunction with Lloyd's QBE Syndicate 1036.

QBE Asia P&I, a collaboration between British Marine and QBE Insurance (Singapore) Pte Ltd, recorded an annual increase in insured tonnage in East Asia of 900,000 gross tons, which resulted in 2.5 million gross tons insured from the region.