ABOUT US
The Insurance Company That Drives Your Business Forward
The POWER FRONT SHIP OWNER MUTUAL INSURANCE ASSOCIATION (hereinafter called the PFMA), established in August 2021 , is a marine insurance provider with great promise. We provide the depth of expertise to address some of the industry’s most challenging needs, while always being in the position to place client service first
We have been creating tailor-made solutions to specific certification or coverage challenges, always with a focus on quality. We provide Protection and Indemnity (P & I), Freight, Demurrage and Defense (FD & D) and Charterers’ Liability to shipowners and charterers, cover for policy limits up to $1 Billion for P&I and $2 million for FD&D. Currently the Association provides P&I cover for more than 200 vessels worldwide.
Our Presence
Our Operation Office locate in Dubai, United Arab Emirates and with offices in Shanghai, Singapore, Hong Kong and Cyprus, the Association employs approximately 40 professionals and provides 24/7 365 days rapid response to claims incidents with globally Correspondents.
Our Expertise
This highly efficient network ensures that members can receive immediate professional assistance in case of emergency, such as underwriting, claims handling, loss prevention and compliance service.
Today, our support continues to complement the cover provided by P&I Clubs, addressing the complexities of maritime conventions, regulations and laws, and the evolving risk challenges of modern operations. We foresee, and respond to, the needs of shipowners and operators. Tomorrow, we will carry on placing innovation, service and value at the center of everything we do. We focus on the demands and challenges not only of today but tomorrow, too.
We are experts in underwriting and claims, with both technical capability and deep knowledge of the areas we insure. We put the people we serve at the heart of everything we do, creating strong, balanced working relationships – so you can expect first-rate service and the support of experts who understand your world.
Our Vision is to be the leading marine insurer – not necessarily the largest. For us, it’s all about being considered ‘the best’. To help us reach this goal, our core Values consist of Integrity, Sharing, Agile and Curious.
By remaining curious and sharing knowledge, we aim to help our clients and members prevent accidents from occurring, while also being agile enough to react optimally in a crisis to mitigate losses.
