British Marine
- Company typePrivate
- Founded1876
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingServices
British Marine firmographics
Firmographics- Name
- British Marine
- Legal name
- QBE Management Services (UK) Limited
- Website
- https://britishmarine.com
- Company type
- Private
- Founded year
- 1876
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
British Marine industry classification
Industry- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)
- akta.pro secondary industry
- Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)
Keywords
Where British Marine is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
British Marine business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Marine Insurance Premiums: British Marine generates revenue through insurance premiums charged for P&I (Protection & Indemnity) and Hull & Machinery coverage. Premiums are calculated based on individual risk profiles of vessels. As a subsidiary of QBE Insurance Group, it operates as part of QBE European Operations and contributes to the group's marine insurance portfolio.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
British Marine product offering
Product offeringCore offering
British Marine is a specialist marine insurance provider offering Protection & Indemnity (P&I) and Hull & Machinery (H&M) cover for owners of small, medium-sized, and specialist vessels worldwide. P&I is offered as standard P&I, Specialist Offshore Vessels P&I, and Yacht P&I (powered by an algorithmic underwriting capability), and can be combined with H&M to cover up to 100% of risk. These products are supported by Loss Prevention (risk assessment surveys) and Claims services (including 24/7 emergency response), with self-service digital tools (vessel search and correspondent locator) available online.
Product overview
British Marine is a specialist marine insurance provider offering a unified portfolio of insurance products and services for owners of small, medium-sized, and specialist vessels. The core product suite consists of two main insurance lines — Hull and Machinery (H&M) and Protection & Indemnity (P&I) — each available in multiple variants: P&I is offered as standard, as well as specialist offshore vessels P&I and Yacht P&I (which incorporates an algorithmic underwriting capability). H&M and P&I can be purchased individually or combined, covering up to 100% of risk. These insurance products are supported by a Loss Prevention service (risk assessment surveys) and a Claims service (including 24/7 emergency response). The company also provides self-service digital tools — a vessel search tool and a correspondent locator tool — accessible through its online platform.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Quote-to-bind reduced from days to under 10 minutes for Yacht P&I
- +3 more outcomes
Companies that use British Marine
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
British Marine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
British Marine partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- AuroracoreQBE and Aurora launched an embedded lead algorithmic underwriting capability. British Marine Yacht P&I is the first live product using this capability. The platform automates key underwriting stages including AI-driven ingestion of unstructured broker email submissions, automated data validation, real-time appetite and pricing checks, dynamic quote document generation, and immediate certificate issuance. Quote-to-bind reduced from days to under 10 minutes. Aurora's Algorithmic Underwriting-as-a-Service model enables insurers to launch algorithmically underwritten products under their own brand, appetite and governance. Aurora secured seed funding from QBE Ventures in October 2024.
- QBE VenturescoreQBE Ventures co-developed the algorithmic underwriting capability with Aurora, operating within QBE's governance, appetite and operational environment. QBE Ventures provided seed funding to Aurora in October 2024 to support this partnership and broader algorithmic underwriting platform development.
- IOPC Funds (International Oil Pollution Compensation Funds)coreIOPC Funds and British Marine opened a joint Claims Submission Office (CSO) for the Marine Honour incident following an oil pollution incident at Pasir Panjang Terminal, Singapore on 14 June 2024. A Memorandum of Understanding was signed between the two parties to ensure effective handling of the incident. Singapore is a Party to both the 1992 CLC and 1992 Fund Convention. The joint CSO is managed by local experts and representatives at 100 Pasir Panjang Road, Singapore.
- WAVES GroupminorWAVES Group contributed the technical content for British Marine's Circular on Crane Maintenance and Protection, providing expert guidance on crane operations, planned maintenance, testing and safe operations for maritime vessels.
- QBE Insurance GroupcoreBritish Marine is a wholly-owned subsidiary of QBE Insurance (Europe) Limited and part of the QBE Insurance Group. In 2000 British Marine was demutualised and in 2005 it was acquired by QBE Insurance Group. British Marine is a trading name of QBE Europe, QBE UK and QUL. QBE is listed on the Australian Securities Exchange with S&P A+ rating and GWP of US$20 billion in 2022.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
British Marine competitors and assessment
Company assessmentDirect peers
- Steamship Mutual: International P&I club providing mutual insurance cover to shipowners. Operates a managing agency structure and competes directly with British Marine in P&I and related marine liability cover for vessel owners.
- West of England P&I Club: London-based P&I club providing mutual P&I and ancillary covers. Comparable to British Marine in providing P&I to vessel owners, including smaller and specialist tonnage, with similar geographic reach.
- UK P&I Club: One of the 12 International Group P&I clubs, providing P&I cover to shipowners globally. While structurally larger and serving big fleets, it overlaps with British Marine on entry-to-mid-tier vessel owners.
- The Swedish Club: International P&I and H&M mutual serving shipowners worldwide, with particular strength in Nordic and European markets. Provides an alternative specialist P&I option for smaller and mid-sized vessel owners.
- Britannia P&I Club: UK-based P&I club managed by Tindall Riley & Co. Britannia is a direct competitor in P&I cover for vessel owners, including smaller and specialist vessels. British Marine's new Portfolio Manager Richard Inman joined from Tindall Riley (Britannia P&I).
- The Shipowners' Club: Mutual P&I insurer focused on small and specialist tonnage, including tugs, fishing vessels, and yachts. The most direct niche competitor to British Marine, with overlapping target segments and similar product offerings.
- Gard: Norwegian-based P&I club and marine insurer serving shipowners worldwide. Provides both P&I and H&M cover to a broad range of vessel types, overlapping with British Marine's core product portfolio across owner segments.
- NorthStandard: One of the largest P&I clubs globally, formed from the merger of Standard Club and North of England P&I. British Marine competes directly with NorthStandard for fixed and specialist P&I business, and recently hired NorthStandard's Sebastian Tjornelund for its Asia P&I team.
Broad incumbents
- Beazley Marine: Specialist insurer with a marine division offering yacht, cargo, and liability cover. Overlaps with British Marine on yacht P&I and marine liability, particularly through distribution partners.
- Liberty Specialty Markets (Marine): Global commercial insurer offering marine insurance including P&I and H&M. Competes with British Marine across multiple marine lines as a large diversified carrier rather than a specialist mutual.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
British Marine social profiles
Digital presenceBritish Marine financial estimates
Financial estimateRevenue estimate
Valuation estimate
British Marine leadership team
Management profileNumber of profiles
British Marine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
British Marine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about British Marine
What does British Marine do?
British Marine is a specialist marine insurance provider offering Protection & Indemnity (P&I) and Hull & Machinery (H&M) cover for owners of small, medium-sized, and specialist vessels worldwide. P&I is offered as standard P&I, Specialist Offshore Vessels P&I, and Yacht P&I (powered by an algorithmic underwriting capability), and can be combined with H&M to cover up to 100% of risk. These products are supported by Loss Prevention (risk assessment surveys) and Claims services (including 24/7 emergency response), with self-service digital tools (vessel search and correspondent locator) available online.
Is British Marine a public or private company?
British Marine is a private company. It is currently operating.
When was British Marine founded?
British Marine was founded in 1876. It employs 51 to 100 people.
Where is British Marine based?
British Marine is headquartered in London, United Kingdom, in the Europe region.
How does British Marine make money?
One revenue line is on record: marine Insurance Premiums.
Who are British Marine's main competitors?
Direct peers on record are Steamship Mutual, West of England P&I Club, UK P&I Club, The Swedish Club, Britannia P&I Club, The Shipowners' Club, Gard and NorthStandard. Broad incumbents are Beazley Marine and Liberty Specialty Markets (Marine).
Does British Marine have an API?
No public API is recorded for British Marine.
What industry is British Marine in?
Its primary akta.pro industry code is FSAJAHAA, Ocean Marine Insurance (Hull, Cargo & Freight), with a secondary code of FSAJAHAH, Protection & Indemnity (P&I) / Marine Liability Insurance. Its SIC code is 6331.