ShipCalculators.com

Zurich Maritime Insurance Cluster

F3. Seafaring Life, Education, Professions and Institutions

Definition

Specialty marine underwriting hub.

The specialty marine-underwriting presence in Zurich, Switzerland, home to large insurers and reinsurers (Zurich Insurance Group, Swiss Re) that write hull, cargo, and marine-liability cover. Zurich is a continental marine-insurance and reinsurance center, distinct from the London Lloyd’s market, drawing on Swiss reinsurance capacity for marine and energy risks. As a named geographic cluster it is smaller than London or the Nordic marine market; its weight is in the reinsurance and corporate-insurer capital based in the city.

Source: Zurich Insurance Group; Swiss Re (Zurich-based marine and reinsurance market).