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Oil & Petrochemicals

Willis Towers Watson Cargo has extensive experience structuring, marketing and placing some of the largest and most complex energy programmes in the world.

We work closely with our claims advocates who are skilled in managing general average claims and negotiating successful outcomes on large and complex losses, including contamination, guaranteed outturn (GOT) and piracy.

No two clients present the same risk profile, however there are a number of strategies we can employ to ensure the “total cost of risk” is optimised. These can include:

Placement re-structure: Cost efficient layering of your exposures; blend local and international markets to obtain the best possible deal.

Deductible review: Introduce Annual Aggregate Deductibles; reduce deductibles to 0.30% per shipment for shortage.

Reduced administration and total cost: Introduce In Full Premiums removing the need for declarations; analyse adjustment options to counter price fluctuations during currency of policy.

Risk management: Benefit from our in house risk management and access to piracy specialists.

Cargo Contacts

Patrick Murphy

Global Head of Cargo

+1 212-915-8697

Further Cargo Contacts

Williswire Marine Blog

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