NYMAGIC®, through its managing general agent MMO®, prides itself in having more than 44 years experience in the marine insurance market. We are a major provider to the marine liability market, extending lines of up to $40 million, and competing around the globe with custom-tailored policies for our insureds.
Our Marine & Energy underwriters are well seasoned and deeply understand the risks facing the market; many underwriters have more than 20 years experience. This allows them to underwrite custom-made policies in which terms and conditions are individually negotiated to fit the risk profile of the insured.
MMO Cargo underwrites goods that are in temporary storage or that are transported via land, air, or sea. We offer a variety of coverages to owners, shippers, consignees, and freight forwarders, including first- and third-party coverage, war risk, and freight forwarders’ E&O.
Provides coverage for physical loss or damage to goods while in due course of transit.
Provides coverage for physical loss or damage to goods as a result of war risk perils while waterborne or airborne in international trade.
NYMAGIC, through MMO Marine & Energy, has successfully underwritten energy products around the globe for the past four decades. We provide coverage on both a multi-line or mono-line basis for physical damage to platforms, land rigs, mobile rigs, support vessels and pipelines, as well as associated liabilities, control of well and loss of production exposures.
Provides coverage globally on both a multi-line or mono-line basis for physical damage to platforms, land rigs, mobile rigs, support vessels and pipelines, as well as associated liabilities, control of well and loss of production exposures.
NYMAGIC, as a tested leader in the specialty marine market, underwrites marine hull policies through MMO Marine & Energy, providing protection against loss of or damage to commercial watercraft.
In addition, MMO Marine & Energy underwrites war risk policies and endorsements, which provide coverage against losses or damages resulting from war, strikes, riots, and civil commotions.
Provides coverage for physical loss of or damage to commercial watercraft and onboard machinery, including coverage for liabilities arising out of collisions.
Provides coverage for loss of or damage to commercial watercraft as a result of war, strikes, riots, and civil commotions
NYMAGIC, through MMO Marine & Energy, is a mainstay of the global marine liability market. We have underwritten policies in this coverage for more than 40 years with great success, as our underwriters understand the risks inherent in the market. Our policies are custom-made, with special attention given to the insured’s risk profile and needs. Our risk capacity is competitive with other global players at $40 million maximum limits.
Provides insurance coverage for lessors of watercraft under Charter Parties and other lease agreements.
Provides liability coverage to contractors servicing the marine and energy industries.
Provides excess liability coverage to marine insureds excess of the primary limits of liability policies.
Provides coverage for claims arising out of injuries to employees associated with maritime trades who may fall under the Jones Act.
Provides primary and excess coverage for liabilities arising out of the operation of owned watercraft, including liability for injury to crew and damage to cargo.
Provides liability coverage to commercial wharfowners, cargo handlers, and terminal operators.