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Originally founded in 2004, Seacurus Ltd registered as an FSA regulated insurance broker in early 2005. From the outset it was the company’s intention to focus on a specific niche in the marine insurance market; that of revenue protection.
Since 2004, Seacurus has become a market leader in the design and implementation of solutions that protect the insured from unforecasted impacts on the balance sheet; this may be due to a credit default, a hijacking, a charterparty cancellation or a disruption to the voyage due to a political event.
As a specialist marine insurance broker, Seacurus continues to develop and deliver bespoke insurance solutions; in late 2010, Seacurus delivered the first charterers’ default insurance policy to the industry for over 2 years.
In 2010 Seacurus established the first delegated underwriting binding authority for marine kidnap and ransom insurance and in September 2011 became an Approved Lloyds Coverholder.