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Crew wages insurance broker snapped up ahead of MLC

Barbican Group Holdings has acquired UK maritime insurance broker Seacurus.

Kidnap and ransom insurance provider Seacurus would make a worthy addition “not only in terms of the portfolios of business, but also the culture which exists in each organisation,” asserts Barbican ceo David Reeves. “Today’s acquisition marks a significant milestone in the continuing growth of our marine operations. Seacurus has built a leading position within the marine insurance broking sector, particularly in the kidnap & ransom arena.”

Seacurus md Thomas Brown said “Becoming part of Barbican provides us with an excellent platform from which to further expand and enhance the comprehensive range of bespoke solutions we deliver to our clients in the shipping industry.”

One of these, CrewSEACURE, is the company’s latest offering, offers cover in the event of an employer’s financial default, and includes the indemnification of unpaid seafarers’ wages, allowing employers the assurance of meeting regulatory requirements under the Maritime Labour Convention 2006 and the International Guidelines on Seafarer Abandonment.

Posted 24 June 2013

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