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Machinery Damage Claim From Cooling System Debris

Machinery Damage Claim From Cooling System Debris
  • Having achieved P&I premium savings for a new client AqM undertook a review of their machinery damage claim
  • The incident was being handled by the clients previous large and high profile Panama and UK insurance brokers
  • Despite repeated chasers by the client the Panama broker had failed to properly investigate the claim nor communicate the H&M Underwriters remarks regarding the incident
  • AqM took control 7 months from the date of the incident reviewing all the facts, statement of loss, technical reports by ship repairer and Underwriters surveyors negotiating an increased settlement from USD25,000 to USD80,000
  • All being achieved with the claim payment being made to the client in less than 2 months.

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RISK MANAGEMENT

We focus on our clients’ needs with the aim to
minimize risk. AqM will go beyond the usual
boundaries of the standard insurance broker;
we combine knowledge, flexibility and progressive
thinking to achieve transparency for our clients.

CONTACT US

LONDON OFFICE
The Baltic Exchange, 38 St Mary Axe, London, EC3A 8BH, UK
info@aqmltd.com

PANAMA OFFICE
77th Street, San Francisco, Bldg 26,
Panama City, Republic of Panama
info@aqmltd.com
Direct dial from Panama + 838 6053

 

CLAUSES & PROPOSAL FORMS

For your information and convenience we have published a number of Insurance Clauses, and Proposal Forms for you to download to view or print.

AqM is Authorised and Regulated by the UK Financial Conduct Authority (FCA) – 311727
Republica de Panama Superintendencia de Seguros Reaseguros ROC (Registration Number) – 002