This collaboration brings together Hydor’s regional market insight and underwriting expertise with the global reach and financial strength of Allianz Commercial. The result is a tailored insurance solution designed to meet the complex needs of marine businesses, including port and terminal operators, transport and marina operators, ship-repairers, and marine professionals.

The GML policy provides comprehensive protection for a range of marine liabilities, including cargo loss or damage under care, custody, and control; third-party bodily injury and property damage; regulatory fines and penalties; and professional errors and omissions. It also extends to Marine Property, Machinery, and Business Interruption risks — offering a bundled solution under a single policy form. Coverage is supported by individual limits of up to USD 25 million for both liability and property-related exposures.

“Hydor is proud to partner with Allianz Global Corporate & Specialty SE, a name synonymous with global insurance excellence,” said Folkert Strengholt, CEO at Hydor. “This partnership allows us to deliver meaningful, well-rounded protection to maritime businesses by combining our local expertise with Allianz’s international backing.”

The launch is being led by seasoned marine insurance professional Colin Fordham, based in Hydor’s Singapore office. With decades of experience in the field, Fordham will guide the strategic rollout of the product across the region.

This partnership marks a significant step forward in advancing comprehensive, regionally attuned insurance solutions for the maritime sector.