Protection & Indemnity 2016

Charterama | www.charterama.nl

Charterama is an underwriting agency which provides Charterers Liability cover from its offices in Rotterdam and Hong Kong. Charterers Liability cover is available for limits up to USD 350 million.

Annual premium income reduced from USD 10.5 million to USD 9.8 million. Over the same period there was an increase in insured vessels from 10,000 to 11,000.

The majority of premium income originates from Europe. In conjunction with the 2014 opening of a Hong Kong office, there has been an increase in insureds from East Asia, which now contributes 13% of the insurer's premium income.

There has been an increase in insureds from East Asia, which now contributes 13% of the insurer's premium income.

A

Primary security is provided by RSA, which is A rated by Standard & Poor's.