Allianz Commercial partners with Hydor

Hydor has launched its General Marine Liability (GML) insurance product after being appointed MGA by Allianz Global Corporate & Specialty SE, Singapore Branch.

The product targets marine businesses including port and terminal operators, transport operators, marina operators, ship-repairers, and marine professionals. Key protections include liabilities for loss and damage to cargo in care, custody, and control; third-party bodily injury and property damage; regulatory fines and penalties; and professional errors and omissions.

In addition to core liability coverage, the policy also extends to Marine Property, Machinery, and Business Interruption risks – offering insureds a packaged solution under one policy form. Marine Liability and Property related risks are subject to individual USD 25 million limits providing assurance and financial strength backed by Allianz.

“Hydor is proud to partner with Allianz Global Corporate & Specialty SE, a name synonymous with global insurance excellence. With this appointment, we are combining Hydor’s local market insight and underwriting expertise with AGCS’s global strength and stability to deliver meaningful protection to maritime businesses across the region.” – Folkert Strengholt, CEO at Hydor.

The launch will be led by industry veteran Colin Fordham, based in Hydor’s Singapore office. With decades of experience in marine insurance, Mr. Fordham brings extensive expertise and proven leadership to support the successful execution of this strategic initiative across the Asia-Pacific region.