West launch two new products
We are pleased to announce that the Club is launching two new competitive marine insurance products on 1 March 2023. Called West Hull and West War, the new offerings are designed to enhance the Club’s services to Members, broaden its appeal to other shipowners and grow its footprint in the global marine insurance markets.
West Hull covers loss of, or damage to a vessel’s hull and machinery, and can include Increased Value and Loss of Hire, all recognised hull conditions can be accepted, including the Nordic Marine Insurance Plan and Institute Time Clauses Hulls.
As part of this venture, the Club is utilising the resources and expertise of our partner Nordic Marine Insurance.
Go to West Hull.
In addition to Hull, West is also today launching its complementary war product West War, covering damage, loss and liabilities resulting from war risks.
All recognised war conditions can be accepted, including Institute War and Strikes Clauses. Fully operated by the Club’s underwriting team, West War will write leading or following lines with predetermined breach additional premiums for high-risk areas.
Go to West War.
The new fully supported products will enable the Club to have different conversations with both Members and non-members beyond core P&I and Defence cover.
Both products are fully supported by a panel of renowned A-rated reinsurers.
For further information contact Mark Mathews, Head of Product Development.