Protection & Indemnity

Thomas Miller Specialty (Osprey) | www.thomasmillerspecialty.com

Thomas Miller Specialty is an underwriting agency that provides marine covers including P&I, Hull & Machinery and Kidnap & Ransom from its London headquarters. ‘Osprey’ was purchased by Thomas Miller Group, managers of the UK P&I Club, in 2015 and benefits from the Club’s global network of correspondents.

Thomas Miller Specialty offers P&I cover for dry cargo vessels of up to 25,000 gross tons and all other vessel types to a maximum of 10,000 gross tons. It has also recently announced an expansion in its products offering FD&D cover and coverage for yachts over 24 meters in length.

P&I cover is available for limits up to USD 500 million (sub-limited to USD 1 million for US domiciled insureds).

Thomas Miller Specialty’s premium income reduced by 9% between 2016 and 2017 (to USD 20 million).

It continues to provides cover for 2,900 vessels with Tugs & Barges and Fishing vessels accounting for 38% of the insured vessels.

Thomas Miller Specialty offers P&I cover for dry cargo vessels up to 25,000 gross tons.

A+

Primary layer security is provided by Lloyd’s, which is A+ rated by Standard & Poor’s.