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Marine Reinsurance

Selective hull, cargo and marine liability capacity for the region's trade flows.

Specialty

Marine combines attritional cargo losses with catastrophic hull and accumulation exposures in ports. We deploy capacity where underwriting expertise and data support it.

Power Re approaches this line as a specialist: we assess each risk on its own merits, price it with actuarial rigor, and structure cover that genuinely fits the cedant’s exposure and objectives, never a one-size template.

Structures

How we structure it

The structures we most often deploy for this line, proportional and non-proportional, tailored to your book.

Cargo

Proportional and excess cover for cargo portfolios.

Hull

Selective excess capacity on hull risks.

Accumulation

Port and storage accumulation control.

Risk

Key risks & considerations

What we focus on when we underwrite this line.

Cargo attritional losses plus catastrophic hull.
Accumulation at ports and in storage.
Nat-cat and war / strikes exposure.

Our appetite

Cargo and hull books with quantifiable accumulation and sound survey and valuation.

Technical note

Proportional and excess capacity; port accumulation is modeled and capped, and cat and war perils are addressed explicitly.

Models

Actuarial modeling

The frequency and severity models we use to price this line, and the loss it aggregates to.

Frequency models

PoissonNegative binomial (clustering)

Severity models

Pareto / Generalized ParetoMixed / parametric (index)

Extreme-value tail (GPD)

$$\Pr(X>x)\approx \Big(1+\xi\,\tfrac{x-u}{\beta}\Big)^{-1/\xi}$$

Above a high threshold u, the tail follows a Generalized Pareto Distribution; systemic accumulation is modeled with clustering and, for agriculture, parametric indices.

Severity models

Severity model	Typical use
Lognormal	Body of the loss distribution, attritional claims
Gamma	Moderate, positively skewed claims
Pareto	Large claims and heavy tails
Generalized Pareto (EVT)	Extreme tail above a high threshold

Discipline

Our underwriting approach

The discipline is the same across every line we write.

Risk selection

We assess each risk on its merits and let marginal business go, growth by quality, not volume.

Pricing discipline

Experience and exposure rating, credibility-weighted, load the price for volatility and cost of capital.

Accumulation control

Clear limits manage concentration by event, geography and cedant across the portfolio.

Claims partnership

Fast, fair and transparent claims handling, the moment our promise is tested.

Why Power Re

Why cede Marine Reinsurance to Power Re

✓
Specialist expertise
Deep technical knowledge of the line and of the Latin American market.
✓
Fast, clear decisions
A timely yes or no, with terms and capacity you can rely on.
✓
Financial strength
13× regulatory solvency coverage and a disciplined retrocession program.
✓
Long-term partnership
We co-design programs and stand with cedants through the cycle.

Let’s build resilient portfolios together

Partner with a reinsurer that combines technical discipline, financial strength and deep regional insight.

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