Marasco
Marine
Regulatory
_________________________________
Marasco Marine operates within a highly regulated international maritime environment. We recognise that regulatory compliance, transparency and sound governance are fundamental to protecting our clients, supporting responsible risk management and maintaining trusted relationships across the global insurance and shipping markets.
Marasco
Marine
Regulatory
_________________________________
Marasco Marine operates within a highly regulated international maritime environment. We recognise that regulatory compliance, transparency and sound governance are fundamental to protecting our clients, supporting responsible risk management and maintaining trusted relationships across the global insurance and shipping markets.
1. Our Regulatory Approach
We are committed to conducting our activities in accordance with applicable legal, regulatory and professional requirements. Our approach is founded on transparency, integrity, accountability and the responsible management of marine insurance and risk-related services.
As an independent marine insurance and reinsurance brokerage, risk management and claims consultancy business, we work with shipowners, ship managers, operators and other maritime stakeholders across international markets.
2. Maritime Regulatory Framework
The international shipping industry operates within an extensive framework of conventions, codes, national legislation and industry standards. These include requirements relating to vessel safety, pollution prevention, crew competence, operational management and marine risk.
Relevant frameworks may include international instruments such as SOLAS, MARPOL, the ISM Code and STCW, together with applicable flag-state, port-state and local regulatory requirements. Marasco Marine has previously identified these frameworks as important components of maritime safety and risk management.
3. Insurance Market Standards
Marine insurance involves interaction with insurers, reinsurers, P&I Clubs, underwriters, surveyors, legal advisers and other specialist service providers across multiple jurisdictions.
We seek to work with reputable market participants and to ensure that insurance arrangements are structured and presented clearly, with appropriate attention to policy terms, coverage requirements and the interests of our clients.
4. Client Interests & Independence
Independence is central to our approach. Marasco Marine describes itself as an independent marine insurance and reinsurance broker, risk manager and claims consultant, serving shipowners, ship managers, charterers and other maritime businesses.
Our objective is to provide advice and support that is commercially focused, transparent and aligned with the interests of the client.
5. Risk Prevention & Compliance
Regulatory compliance and risk prevention are closely connected. Effective risk management requires not only appropriate insurance protection, but also an understanding of operational, technical and regulatory exposures.
Our risk prevention approach considers issues such as safety management, vessel condition, operational controls, claims experience and emerging maritime risks. Marasco Marine has publicly described risk assessment, loss prevention and regulatory awareness as elements of its broader risk-management methodology.
6. Anti-Money Laundering & Financial Crime
We support appropriate measures designed to prevent money laundering, fraud, sanctions violations and other forms of financial crime. Where required, clients and counterparties may be asked to provide identification, corporate information, beneficial ownership details or other documentation necessary for compliance and due-diligence purposes.
7. Sanctions & International Trade
Marine insurance and international shipping may be affected by economic sanctions, trade restrictions and other regulatory measures.
Where relevant, insurance placement and related services may therefore be subject to sanctions screening, territorial restrictions, insurer requirements and applicable international or domestic legislation.
8. Data Protection
We recognise the importance of protecting personal and business information. Personal data is handled in accordance with applicable data-protection requirements and our Privacy Policy.
9. Complaints & Enquiries
We aim to provide a professional and responsive service. If you have a question regarding our regulatory arrangements, compliance procedures or the services we provide, please contact us directly.
