Marine and offshore energy
Every day, thousands of merchant ships and offshore platforms operate across the globe’s most challenging environments. At Hannover Re, we support insurers in managing the risks that come with this complexity – offering reinsurance solutions that protect vital infrastructure, ensure business continuity, and foster resilience in the marine and energy sectors. With decades of underwriting experience and a premium volume exceeding USD 300 million, our marine and offshore energy portfolio reflects both technical depth and long-standing client partnerships.
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As one of the world’s leading reinsurers in this segment, Hannover Re combines global reach with a tailored, reliable approach – enabling our clients to navigate evolving maritime risks with confidence and agility.
Supporting global marine and energy risks
We provide reinsurance solutions for the global marine and offshore energy sectors – helping insurers manage complex exposures across shipping, cargo, offshore infrastructure, and related liabilities.
Our business is built on technical expertise, financial strength, and a long-term partnership approach that enables clients to navigate uncertainty and build operational resilience.
Facultative and treaty capabilities
In the marine segment, we offer both facultative and treaty reinsurance. Our facultative business focuses on high-value and technically complex cargo exposures – including satellite pre-launch shipments, project cargo, and oil-related accounts – where we act as a following market alongside lead underwriters. On the treaty side, we lead proportional and non-proportional structures, with a clear preference for non-proportional coverage in higher-capacity layers where our expertise adds significant value.
In the offshore energy segment, we focus exclusively on treaty business. Here, we apply the same disciplined underwriting approach, supporting clients with tailored solutions that reflect our deep technical understanding and long-term commitment to the sector.
Selective partnerships in proportional treaties
We take a targeted approach to proportional treaty business, seeking partnerships with clients who demonstrate specialised technical knowledge, market leadership, or unique access to quality risks. These relationships are built on mutual understanding and a shared commitment to underwriting discipline and long-term success.
A global team with specialised focus
Our underwriting operations for treaty and facultative business are concentrated in Hannover, Germany – the heart of our marine and offshore energy activities. In addition, facultative business in Latin America is served from our office in Bogotá, Colombia, ensuring proximity to regional markets and tailored support for local clients.
Partnerships built on trust and expertise
We are committed to delivering reinsurance solutions that are precisely tailored to the needs and specifications of our clients – insurance companies and brokers worldwide. Our approach is defined by underwriting discipline, technical depth, and a service mindset that reflects best practice across all aspects of our business.
"We strive to be a reliable, forward-thinking partner – one that understands the complexity of marine and offshore energy risks and delivers solutions that stand the test of time."
Long-term collaboration and future-ready thinking
Our partnerships are built to last. Dedicated points of contact ensure continuity and responsiveness, while our future-ready mindset allows us to adapt proactively to changing market conditions and client expectations. Backed by Hannover Re’s excellent rating and financial strength, we offer stability and reliability that clients can count on – today and in the long term.
