RaetsMarine is to be positioned as a niche, specialist ‘retail’ marine insurer with a strong focus on the client relation for risk management, loss prevention and claims services through our in house staff. RaetsMarine is a full service provider and not a ‘naked’ provider of insurance capacity. RaetsMarine will not subscribe ‘wholesale’ and ‘mainstream’ insurance programmes. Any insurances placed in subscription with other insurers or presented as reinsurance will only be underwritten when RaetsMarine has underwriting and claims control.
The head office of RaetsMarine is in Rotterdam. In addition RaetsMarine has branch offices in Paris, London and Singapore. Our 110 employees worldwide are keen to provide you with the best services and knowledge of your business. At RaetsMarine we are running the extra mile in each discipline of our services. The key factors are knowledge of the client’s business and collective knowledge approach, especially in risk management and claim handling.
For distribution RaetsMarine is committed to the marine insurance brokers around the globe.
For each product we have an underwriting team providing tailor-made packages that meet the client’s needs in marine insurance.
Our claims services teams provide pro-active, intrinsic knowledge on claim handling and drive matters to conclusions.
Our support desk teams provide tools for adequate risk management and claims prevention, RaetsAcademy for training and education and Service Level Management of our worldwide network of service providers (correspondents, surveyors and lawyers); our IT teams are provide state of the art communication and information tools.
RaetsMarine has a global client base. It means that we need to bridge gaps in time difference, language and culture. We do this by employing people with different nationalities and background, by investing in branch offices as needed in any specific territory and by investing in Service Level Management of our worldwide network of service providers.
POLICY AND RISK PHILOSOPHY
RaetsMarine, as an underwriting agency, cannot retain any risks as insurer. Currently our primary risk carrier is AMLIN CORPORATE INSURANCE N.V., THE NETHERLANDS, who are ‘A-‘ (Stable) rated by Standard & Poor’s and ‘A-‘ (Positive) by FitchRatings. We do not act as a mere agent, but as an “as if” insurer. We undertake all activities in marketing and claims handling, we produce all necessary documentation and we conduct all communications.
Basically we act as the insurer, except for the underlying financial security.
The policy limits are up to US$ 500 million for P & I products and up to US$ 15 million for Marine Cargo, Marine Hull and MultiModal – Ports & Logistics. The policy limits for Marine Defence go up to US$ 2 million.
CONCLUSION
RaetsMarine and RiskManagement go hand in hand. RaetsMarine, their insurance brokers and their clients go hand in hand as well. It is a combined effort for a joint result. If you choose to be insured by the RaetsMarine brand you make a single move creating multiple solutions.
RaetsMarine, established in 1993, is a specialist, niche marine underwriting agency offering marine insurance solutions in marine liability (P&I and Charterers Liability), marine property (cargo and hull) and MultiModal – Ports & Logistics (liability and equipment of multimodal operators). RaetsMarine does not cover energy/off shore risks.
