Top Marine players in the market by usage: highlights from Gracechurch’s London Insurers Monitor 2023

Beazley has been used for Marine risks by more brokers in the last 12 months than any other London Market insurer, according to Gracechurch’s most recent London Insurers Monitor, well ahead of the next most frequently used carriers.   

Usage among brokers is defined in Gracechurch’s London’s Insurers Monitor as those London Market Insurers who brokers have used for placing risks in the last 12 months. 

Shortlisting: 

Despite Beazley being used by more brokers than any other carriers, Allianz Commercial (including AGCS and Allianz) is most likely to be shortlisted to lead or co-lead good quality new business. Beazley sit second, above QBE and Ascot. 

Shortlisting is defined in Gracechurch’s London’s Insurers Monitor as those London Market Insurers who would be most likely to be shortlisted to lead or co-lead good quality new business for Marine risks in the next 3 months. 

Share of Mind: 

The most prominent insurer in the minds of brokers, despite usage and future consideration, is QBE, whose profile is well above the rest of the top 5, comprising Ascot, Beazley, Chubb and Liberty Specialty Markets. 

Share of Mind is defined in Gracechurch’s London’s Insurers Monitor as those London Market Insurers who are topmost in the mind of brokers placing or producing Marine risk.