Marine focussed,
Global cover
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About Us
Protection and Indemnity
SHINC 1 is a London based MGA specialising in marine liability risks. SHINC is a member of and is supported by the Facet Underwriting Group.
Facet Underwriting was established in 2006 to provide good service and value to clients whose size makes them unattractive to larger underwriters. Initially entering the fine art and specie markets, Facet has decided to expand into the Marine market providing Protection & Indemnity, Cargo and General Marine Liability cover.
Facet resists the trend of rising administration and regulation costs by exploring efficiencies only a small organisation can, while still maintaining a world wide presence through a trusted network of associates. Facet Underwriting handles this business, efficiently and inexpensively whilst ensuring thorough risk management and responsible underwriting.
SHINC Represents Facet by writing Marine P&I and General Marine Liability risks with all underwriting activities conducted by Richard Lovett and John Grenville-Goble.
SHINC actively seeks out accounts with consistently good records (Average Net Loss Ratio 2 insurance programme ensures peace of mind to our Assureds.
SHINC seeks small to medium sized ship-owners and/or ship-managers operating local / regional /coastal vessels.
Excluded Risks:
• USA Domicile / national risks
• Sanctioned entities
• Large Passenger Vessels
• Submarines / Remotely Operated Vehicles [ROV’s] / Underwater or Overside equipment.
• Divers / Diving operations
• ‘Black’ flag and/or Class.3
1 A commonly used abbreviation in the charter market to mean Sundays/Holidays INCluded.
2 BMI - accredited by AM Best.
3 Determined by the relevant local/regional port state control MoU.
Facet Underwriting was established in 2006 to provide good service and value to clients whose size makes them unattractive to larger underwriters. Initially entering the fine art and specie markets, Facet has decided to expand into the Marine market providing Protection & Indemnity, Cargo and General Marine Liability cover.
Facet resists the trend of rising administration and regulation costs by exploring efficiencies only a small organisation can, while still maintaining a world wide presence through a trusted network of associates. Facet Underwriting handles this business, efficiently and inexpensively whilst ensuring thorough risk management and responsible underwriting.
SHINC Represents Facet by writing Marine P&I and General Marine Liability risks with all underwriting activities conducted by Richard Lovett and John Grenville-Goble.
SHINC actively seeks out accounts with consistently good records (Average Net Loss Ratio 2 insurance programme ensures peace of mind to our Assureds.
SHINC seeks small to medium sized ship-owners and/or ship-managers operating local / regional /coastal vessels.
Excluded Risks:
• USA Domicile / national risks
• Sanctioned entities
• Large Passenger Vessels
• Submarines / Remotely Operated Vehicles [ROV’s] / Underwater or Overside equipment.
• Divers / Diving operations
• ‘Black’ flag and/or Class.3
1 A commonly used abbreviation in the charter market to mean Sundays/Holidays INCluded.
2 BMI - accredited by AM Best.
3 Determined by the relevant local/regional port state control MoU.
Legal
SHINC Underwriting is part of the Facet Insurance Group and is a trading name of Facet Underwriting Limited which is itself wholly owned operating division of Facet Holdings UK Limited.
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Our Principles
Exemplary Service
SHINC’s ethos means we are always on call. Our market leading in-house developed InsureTech software produces unparalleled efficiencies and swift document producing abilities.
Our excellent broker relations and in-depth sector knowledge provide us with the experience and insight to serve our clients with expert professionalism.
Our excellent broker relations and in-depth sector knowledge provide us with the experience and insight to serve our clients with expert professionalism.
Insightful Claims Handling
Utilising our extensive network of correspondents and associated experts, we react swiftly to any incident seeking speedy and amicable solutions.
Proactive Risk Management
Our understanding of marine risks and the areas in which they operate, enables us to adapt terms and conditions appropriate to the needs of Assureds.
Our Partners
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