Welcome to
Ocean Special Risks
About Us
A first of its kind MGA, backed by A-rated carriers and focused exclusively on Marine Special Risks - providing coverages which are not widely available from the mainstream marine market.
Ocean Special Risks is a provider of risk advisory and bespoke insurance solutions for clients in the Offshore, Renewables, Maritime & Transportation sectors including:
Offshore Contractors
& Service Providers
Ship Owners &
Ship Managers
Ports &
Terminals Operators
Charterers &
Commodity Traders
Shipyards & Ship
Financing Institutions
Capacity at a Glance
Marine Special Risks
GX
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USD 20m capacity
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Claims Lead & up to 100%
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48 months max project cover
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Tokio Marine HCC 60% / Convex 40%
Flexible, bespoke solutions for Marine Special Risks
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USD 50m capacity
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Green risks only
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Tokio Marine HCC ‘GX’ 100%
Dedicated to energy transition and ESG-related risks
EEA & Non-EEA territories in scope subject to licensing and sanctions
Bespoke Insurance Solutions
At Ocean Special Risks, our expertise lies exclusively in niche marine and offshore insurances.
We focus on coverages and risk structures that are not widely available in the mainstream marine market, providing tailored solutions to meet the unique needs of each client.
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The categories below represent areas that are typically within our underwriting appetite. However, we also welcome enquiries for bespoke or unconventional placements outside of
these parameters.
Assets & Projects
​​Mobile Offshore Equipment, USV, ASV, Cables Vessels TLO Interests
GA Disbursements Tows & Voyages Yard & Project Fabrication
Small CAR, Deductible Buy Down Structured Marine Risk & Captive Reinsurance
Revenue Protection & Financing
​​Marine Business Interruption/Trade Disruption DSU (Delay in Start-Up)
Consequential Loss Contractual Penalties Contingency Expenses
Delay/Non-delivery Other Financing Risks
Liabilities & Gaps
​​Project & Contract Liabilities P&I Special Risks & Buybacks DIC/DIL
Future & Transition
​​Energy Transition, Net Zero & ESG related Special Risks New, clean technologies Carbon Capture Storage Alternative Fuels & Propulsion
Mission Statement
OSR’s mission is to inspire positive change in corporate culture and the perception of risk transfer services in the blue economy.
We embrace complex problems and provide sophisticated, innovative solutions.
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We empower people and business.
We believe in forging strong and sustainable partnerships.
We combine knowledge and experience with the freedom to think differently.
Our Values
People First
We will foster and preserve a culture of trust and transparency.
We will treat our clients and each other in the same way that we want to be treated.
Challenge the Status Quo
We aim to be a challenger.
​
We will continuously always ask ourselves and others; ‘Why?’,
and ‘Why not?’
Strive for Excellence
We believe there is always room for improvement and will not settle for ‘good enough’ if better is possible.
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We will lead by example and embrace change.
Dare to be Different
We are comfortable in our own skin. We are open minded and inclusive.
We will value improvement over income and encourage diversity of thought.
Integrity is Paramount
We believe in the importance of standing by our values and doing things the ‘right’ way ahead of the ‘easy’ way.
Contact Us
Ocean Special Risks is a private limited company registered in England and Wales under Company Number 15083294 Ocean Special Risks (Firm Reference Number 1005500) is an appointed representative of Bluefriars Brokers Limited which is authorised and regulated by the Financial Conduct Authority in the UK under Firm Reference Number 604987.
In undertaking policies of insurance, Ocean Special Risks acts as agent of the insurer under a Delegated Authority Agreement and typically receives commission as a proportion of the premium charged.
Complaints may be referred to Adam.Wright@oceanspecialrisks.com and our complaints policy may be found here.