? We're Hiring: Senior Executive Marine Insurance & Claims Department

? Emarat Maritime LLC

Mumbai Reporting to: CFO & Managing Director

Emarat Maritime LLC is seeking an experienced and strategic Senior Executive of Marine Insurance & Claims Department to lead and develop our Marine Insurance & Claims function. This senior leadership role is responsible for driving insurance strategy, overseeing claims management, ensuring regulatory compliance, mitigating risk exposure, and leading a high-performing team in alignment with the company's vision and objectives.

Key Responsibilities

Marine Insurance Administration

- Support the administration and management of marine insurance policies, renewals, endorsements, and certificates.
- Coordinate with brokers and insurers for policy placements and renewals.
- Monitor policy validity and ensure timely renewal of coverage.
- Verify insurance documentation and vessel certification requirements for port entries and operational compliance.
- Maintain accurate records of all insurance policies, endorsements, and related documentation

Strategic Leadership & Department Management

- Manage the Marine Insurance & Claims Department.
- Serve as the primary escalation point for all marine insurance and claims matters.
- Represent Emarat Maritime LLC as the Group Principal in marine insurance policies and claims functions.
- Ensure effective implementation of marine insurance procedures, policies, and controls across the organization.
- Provide strategic guidance to senior management on insurance and risk-related matters.

Risk Assessment & Insurance Policy Management

- Develop and implement marine insurance strategies to optimize coverage and reduce risk exposure.
- Lead insurance renewals, policy placements, endorsements, and premium negotiations.
- Assess voyage-related risks, including war risk, piracy, sanctions, and Kidnap & Ransom (K&R;) exposures.
- Ensure statutory, financial, and port-entry insurance compliance for all vessels.




- Monitor policy expirations and coordinate timely renewals with brokers and insurers.

Claims Management & Settlement

- Oversee the complete lifecycle of marine insurance claims, including:
- P&I; (Protection & Indemnity)
- Hull & Machinery (H&M;)
- FD&D; (Freight, Demurrage & Defense)
- Loss of Hire (LOH)
- Manage complex and high-value claims and settlements.
- Liaise with insurers, brokers, P&I; Clubs, surveyors, adjusters, and legal representatives.
- Review claim recoveries, reimbursements, and settlement recommendations.
- Ensure accurate documentation, reporting, and claim closure.

Team Leadership & Development

- Lead, mentor, and develop a team of Insurance Officers and Claims Executives.
- Allocate responsibilities according to complexity and business priorities.
- Conduct performance reviews and ensure operational excellence.
- Promote a culture of continuous learning, knowledge sharing, and succession planning.

Compliance, Audit & Governance

- Ensure compliance with international marine insurance regulations and policy requirements.
- Support internal and external audits and drive timely closure of audit findings.
- Monitor compliance with regulations such as OPA 90, MLC, and the Canada Shipping Act.
- Maintain accurate insurance records, certificates, and audit documentation.

Stakeholder & Vendor Management

- Manage relationships with:
- Marine Insurance Brokers
- P&I; Clubs
- H&M; Insurers
- FD&D; Underwriters
- Marine Surveyors & Loss Adjusters
- Legal Counsel and Sanctions Specialists
- Evaluate service providers and ensure delivery against agreed service standards.




- Act as the key liaison between internal stakeholders and external insurance partners.

Reporting & Strategic Analysis

- Prepare insurance and risk reports for Executive Management and Board review.
- Analyze claims trends, loss ratios, deductibles, and premium movements.
- Identify cost-saving opportunities and recommend insurance program enhancements.
- Support long-term risk management and business continuity strategies.

Emergency & Crisis Response

- Support incident response and claims activation during vessel emergencies.
- Participate in emergency response planning, drills, and cross-functional reviews.
- Coordinate communications with insurers, brokers, legal advisors, and crisis management teams.

Qualifications & Experience ✅ Master’s Degree in Law, Insurance Law, Risk Management, or a related discipline .

✅ 8-10 years of experience in marine insurance and claims handling, including leadership responsibilities within the maritime sector.

Industry required - Only from Shipping background

Technical Expertise

- Extensive knowledge of:
- Marine Insurance Policies
- P&I;, H&M;, FD&D;, and LOH Insurance
- Claims Management and Recovery Processes
- International Maritime Insurance Regulations
- Risk Assessment and Insurance Strategy
- Marine Legal and Compliance Frameworks

Key Competencies

- Strategic Thinking
- Leadership & People Management
- Analytical Thinking & Attention to Detail
- Problem Solving & Decision Making
- Stakeholder Management & Collaboration
- Communication & Influencing Skills
- Change Management & Innovation
- High Ethical Standards & Integrity

? Suitable candidates are invited to apply by sending their CV to [[email protected]] #Hiring #MarineInsurance #ClaimsManagement #MaritimeJobs #ShippingIndustry #MarineRisk #PAndI #HullAndMachinery #RiskManagement #Leadership #EmaratMaritime #DubaiJobs #MarineCareers #InsuranceJobs

📌 Insurance Executive (Mumbai)
🏢 Emarat Maritime
📍 Mumbai