ADVA introduces marine insurance to Asia markets

It aims to protect ship and cargo units against potential war and piracy risks.

Global underwriting firm ADVA has launched a new marine insurance offering which covers ship owners, ship managers, cargo owners, and charterers from potential war and piracy risks.

ADVA will have the capability to underwrite lines of up to $150b including coverage for voyages to and from specific war risks exclusion zones.

This initiative enhances the firm's current marine services and expands its support to brokers and their marine clients. 

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In light of the current uncertain international security landscape, the significance of war risks insurance has become increasingly prominent. 

Through close collaboration with insurers on the Advantage platform, the Hong Kong and London offices can now provide real-time underwriting services to clients in Asia.