Globalstar Insurance Brokers Limited, established in 2006, is a specialized insurance broker and risk advisor.
We are regulated by the Superintendent of Insurance in Cyprus and the European Union, and licensed to offer a wide range of insurance products and services across specific industry segments and specialties.
We focus primarily on marine insurance, combining our deep industry knowledge, extensive network, and the efficiency of our experienced team to deliver tailor-made solutions for each client.
Our company is led by a group of highly qualified professionals with a strong commitment to understanding and addressing our clients’ unique needs. By securing competitive terms and developing customized coverage, we ensure exceptional service and long-term protection throughout the entire duration of each policy.
At Globalstar Insurance Brokers Limited, we are committed to delivering exceptional, personal, and professional service to every client. We understand that every business operates differently, and we take the time to build close relationships to fully understand each client’s specific needs.
By partnering with leading providers of insurance, reinsurance, and risk management services, we are able to offer competitive, customized solutions that align with your business goals and risk profile.
Globalstar Insurance Brokers Limited has both the experience and the network connections to provide bespoke products to ensure the best possible coverage at competitive terms. All the main types of coverage can be arranged including H&M, I/V, War Risks and P&I (including FD&D).
Hull & Protection & Indemnity insurance provides cover for third
party liabilities, costs and expenses associated with the vessel
operations such as cargo, crew liabilities (injury / loss of
life), collision liabilities, war risks and other legal and
tortious liabilities.
The P&I insurance is provided mainly by mutual insurance
associations (IG Clubs) and also fixed premium Clubs. Most of
the Clubs can also offer defence cover for legal costs i.e.
Freight Demurrage & Defence (FD&D).
War Risks insurance covers Hull and P&I risks of the vessel due
to war and war related perils. The cover can be extended and
tailor made for client’s needs and fleet profile, whilst
offering competitive terms and wide coverage.
Kidnap and Ransom insurance provides coverage to vessel’s crew
and vessel itself in case of piracy event where ransom and other
expenses are incurred in such incident.
Our team can address the risks of companies with international import and export trade, and coverage can be provided includes but not limited to the following:
Loss of Hire insurance covers the earnings following an incident causing physical damage to the vessel, excluding total loss. Coverage can be extended to include more perils (marine and non-marine).
Coverage against claims of negligent performance for intermediaries (Ship Managers, Crew Managers, Ship Brokers, Ship Agents, Supervisors, Consultants and others).
Protection & Indemnity Machinery insurance cover vessel damage, total loss and collision liabilities (RDC / FFO). Tailored made policies for the uniqueness of each client where the policy form will be carefully selected and negotiate the best suitable terms. Our team has deep knowledge in ITC, ADS/DTV, Nordic Plan and AHIF. Ancillary Interests is an additional insurance which covers additional costs arising from the total loss of a vessel but also other interests such as equipment, disbursements, stores etc. This insurance will also cover financial interests in the increased value of the vessel relating to earnings’ potential.
Insurance covers for 3rd party exposures such as:
We have the expertise and knowledge to arrange marine insurance policies for any other marine risk such as:
2006
Established in
200+
Vessels and clients
5
Strategic locations
75+
Combined experience
