RaetsMarine is a wholly owned subsidiary of the insurer MS Amlin and during the course of 2017 it assumed its parent company’s name. It offers P&I cover up to a limit of USD 1 billion and charterers liability cover up to a limit of USD 500 million. RaetsMarine can offer cover for vessels up to 40,000 gross tons and has no specific restrictions on age, class or type of vessel. Most insured vessels however are below 10,000 gross tons.

RaetsMarine has reduced its annual written premium for both owned P&I and charterer’s liability covers from 52 million to 42 million (18%) and 26 million to 23 million (11%) respectively. Despite this, it remains the second largest Non-IG insurer writing USD 65.7 million in premium.

RaetsMarine has offices in Rotterdam, London, Paris and Singapore with their portfolio heavily focused in Europe and the Far East (74% of insured tonnage).