Marine insurance
Advice and assistance on marine hull insurance, protection and indemnification, builders' risks, insurance of yachts, cargo and rolling stock.
Sun Underwriting marine team
Sun Underwriting Group was formed in 2013 by experienced underwriters to create what is now a strong international insurance and reinsurance underwriter.
Drawing on a significant network of contacts in marine insurance world and our extensive computerized databases of bluewater vessels, Sun Underwriting is able to advise clients on best insurance practices to cover both clear and evident, and uncertain marine perils, which are although not often to occur, but frighteningly costly to mitigate.
Through the passion and talents of our risk engineers, our financial strength, and innovation, we strive to establish ourselves as a member of a global marine insurance services provider.
Drawing on a significant network of contacts in marine insurance world and our extensive computerized databases of bluewater vessels, Sun Underwriting is able to advise clients on best insurance practices to cover both clear and evident, and uncertain marine perils, which are although not often to occur, but frighteningly costly to mitigate.
Through the passion and talents of our risk engineers, our financial strength, and innovation, we strive to establish ourselves as a member of a global marine insurance services provider.
Sun Underwriting marine team is a specialty department focused on the marine sector, which demands highly customized solutions.
Marine product and services
Negotiating
This sometimes entails substantial transactions in allied fields, such as Aviation, Industrial Property, and Personal Injury.
Drawing up insurance contracts
Drafting highly complex insurance contracts that cover a variety of perils.
Project coordination
Assisting clients with the coordination of large projects.
Hull & Machinery
Protection & Indemnity
Yacht insurance
Builders risks
Cargo insurance
Rolling stock
Sun Underwriting has significant experience advising clients on Marine Hull, Protection & Indemnity, Builders' Risks, Yacht, Cargo, and Rolling Stock insurance policies.
Meet our team
Kirill Patyrykin leads the Sun Underwriting Marine Team in this endeavour. Kirill has extensive experience advising on various large and complex insurance transactions, including in Marine, where specific intricacies on the local laws and international conventions interplay.
He is assisted by Pavel Chernyavskiy, DO of the Marine Team, who is responsible for planning and executing development strategy and communications between Sun Underwriting and the Client, as well as Pavel Vasilenko, another associate of the Marine Team, who ensures seamless underwriting and claims management operations.
He is assisted by Pavel Chernyavskiy, DO of the Marine Team, who is responsible for planning and executing development strategy and communications between Sun Underwriting and the Client, as well as Pavel Vasilenko, another associate of the Marine Team, who ensures seamless underwriting and claims management operations.
Chief marine analyst
Contact: pkg@sun-marine.net
Contact: pkg@sun-marine.net
Development officer
Contact: pec@sun-marine.net
Contact: pec@sun-marine.net
Marine analyst
Contact: vpv@sun-marine.net
Contact: vpv@sun-marine.net
Our key team members for the provision of insurance services for the Project are as follows:
Kirill Patyrykin
Pavel Chernyavskiy
Pavel Vasilenko
- Elizaveta TitovaR&D Analyst
- Polina PerekhodkinaDevelopment Manager
- Nina KlepchaMarine Underwriter
- Anastasia NesterovaMarine Underwriter
Elizabeth Titova, with wide experience in legal expertise and financial analysis, is one of the leading Rating project manager of the team She is engaged in assigning ratings to business partners, analyze financial and business performance of the company, conduct market and other specific researches, upgrade company’s governance and prepare company for credit rating. Administration of most internal processes in the team is assumed by Polina Perekhodkina, Assistant Delevopment officer, under the leadership of Pavel Chernyavskiy - search and communication with brokers, establishing partnership relations.
Nina Klepcha and Anastasia Nesterova, both integral members contributing to our marine underwriting processes. With their expertise in maritime risk assessment and underwriting strategies, Nina and Anastasia play pivotal roles in evaluating and mitigating risks associated with marine insurance policies. They bring a wealth of knowledge and experience to our team, ensuring our clients receive tailored and comprehensive coverage for their marine assets
Sun Underwriting can field appropriately skilled and experienced associates for particular activities as required from time to time in order to achieve efficiency.
Nina Klepcha and Anastasia Nesterova, both integral members contributing to our marine underwriting processes. With their expertise in maritime risk assessment and underwriting strategies, Nina and Anastasia play pivotal roles in evaluating and mitigating risks associated with marine insurance policies. They bring a wealth of knowledge and experience to our team, ensuring our clients receive tailored and comprehensive coverage for their marine assets
Sun Underwriting can field appropriately skilled and experienced associates for particular activities as required from time to time in order to achieve efficiency.
Kirill Patyrykin
Chief marine analyst
Kirill Patyrykin joined Sun Underwriting Group in 2013 as a co-founder and has been deeply involved in numerous major transactions related to cross-border mergers and acquisitions, cross-border debt restructurings, insurance, banking and finance companies, private and corporate projects.
Kirill has been working in the insurance industry for fifteen years. The fields of marine, energy, financial, trade credit, and political risk underwriting are among Kirill's specializations, as are those of claims handling, compliance (anti-corruption/bribery), accounting, actuarial analysis, and insurance law.
In his previous roles as a shipowner's risk manager, broker, underwriter, and claims handling manager, Kirill developed a unique ability to look at risks from different perspectives.
Prior to joining the Marine Team division, he worked as the managing director of Selecta for nine years, where he was primarily responsible for marine and trade credit underwriting as well as accounting issues. In Selecta, Kirill has won several awards, including "salesman of the year" and "underwriter of the year" on two separate occasions.
In 2009, Kirill got his MEc majoring insurance from the Far Eastern Federal University, Vladivostok, Russia, in 2009. The university has named Kirill as one of the best alumni in the School of Economics & Management.
Contact: pkg@selecta.re
Kirill has been working in the insurance industry for fifteen years. The fields of marine, energy, financial, trade credit, and political risk underwriting are among Kirill's specializations, as are those of claims handling, compliance (anti-corruption/bribery), accounting, actuarial analysis, and insurance law.
In his previous roles as a shipowner's risk manager, broker, underwriter, and claims handling manager, Kirill developed a unique ability to look at risks from different perspectives.
Prior to joining the Marine Team division, he worked as the managing director of Selecta for nine years, where he was primarily responsible for marine and trade credit underwriting as well as accounting issues. In Selecta, Kirill has won several awards, including "salesman of the year" and "underwriter of the year" on two separate occasions.
In 2009, Kirill got his MEc majoring insurance from the Far Eastern Federal University, Vladivostok, Russia, in 2009. The university has named Kirill as one of the best alumni in the School of Economics & Management.
Contact: pkg@selecta.re
Pavel Chernyavskiy
Marine analyst
Pavel Chernyavskiy had earned his MEc in 2009 along with Kirill from the Far Eastern Federal University, Vladivostok, Russia, majoring in banking. He also majored in corporate finance later in 2013 in the same university. He graduated from the Far East Federal University with a master's degree in corporate finance in 2013.
Pavel participates in the jury for investment assessment of social projects in the region, is a regular speaker at business conferences, and an expert in the field of negotiations and business development. He worked in such areas as banking, international advertising, catering, and investments.
Since joining Sun Underwriting, Pavel has been actively involved in projects concerning marine and allied lines, underwriting, claims handling and actuarial analysis and customer services.
He has also been involved as a project manager in registration tasks and as a lead negotiator in communication with international agencies and registrars.
Contact: pec@selecta.re
Pavel participates in the jury for investment assessment of social projects in the region, is a regular speaker at business conferences, and an expert in the field of negotiations and business development. He worked in such areas as banking, international advertising, catering, and investments.
Since joining Sun Underwriting, Pavel has been actively involved in projects concerning marine and allied lines, underwriting, claims handling and actuarial analysis and customer services.
He has also been involved as a project manager in registration tasks and as a lead negotiator in communication with international agencies and registrars.
Contact: pec@selecta.re
Pavel Vasilenko
Marine analyst
Pavel Vasilenko received his MM in 2008 from the Baltic Fishing Fleet State Academy, Kaliningrad, Russia.
Since joining Sun Underwriting, Pavel has been involved in a variety of projects, with a focus on underwriting, proactive risk mitigation, strategic modeling and stress testing.
Pavel has also been involved in numerous due diligence projects in connection with transactions involving prominent companies in the oil and gas, fishing, and salvage sectors, among others.
He has assisted in numerous transactions involving the acquisition of high-profile fleets, was involved in acting as Sun’s counsel to advise a foreign government on possible convenient flag conflict of interest and was part of the team assisting a large shipping company with recoverable claim dispute.
Contact: vpv@selecta.re
Since joining Sun Underwriting, Pavel has been involved in a variety of projects, with a focus on underwriting, proactive risk mitigation, strategic modeling and stress testing.
Pavel has also been involved in numerous due diligence projects in connection with transactions involving prominent companies in the oil and gas, fishing, and salvage sectors, among others.
He has assisted in numerous transactions involving the acquisition of high-profile fleets, was involved in acting as Sun’s counsel to advise a foreign government on possible convenient flag conflict of interest and was part of the team assisting a large shipping company with recoverable claim dispute.
Contact: vpv@selecta.re
Our financial strength and retrocession
Credit risk partially minimized
Sun Re stability scores should remain comfortably high, owing to full earnings retention and controlled growth in line with the company's business plan. Additionally, the company's balance sheet strength is evaluated in light of its highly liquid investment portfolio and moderate reliance on retrocession. Sun Re counterparty credit risk is minimized in part by the employment of a panel of high-quality international reinsurers.
Stability scores
Sun Re balance sheet strength is backed up by risk-adjusted capitalization at the highest level possible, as determined by AM Best's capital adequacy ratio test, called “BCAR”. This support comes on the heels of a 50 million dollars capital investment in 2021.
"B+" Financial Strength Rating
"bbb-" Long-Term Issuer Credit Rating
"bbb-" Long-Term Issuer Credit Rating
The primary capacity provider for the Sun Underwriting Marine Team is Sun Re Ltd., which is headquartered on the West Indies' tiny island of Nevis. Nonetheless, AM Best granted Sun Re a B+ (Good) Financial Strength Rating and a "bbb-" (Good) Long-Term Issuer Credit Rating in 2022.
Hannover Rück SE
Sun Re Marine leading reinsurer is Tokio Marine.
More than 12 million $
Sun Re year-end estimated gross premium written.
More than 85 million $
Gross assets as of March 31, 2022.
226%
Gross liquidity ratio.
207%
Quick ratio.
197%
Solvency margin of the required minimum.
Our clients
Since earliest days, we have worked with a great number of companies, ranging from small singleton shipowners to Fortune 500 logistic companies, all of whom have shared our commitment to partnership and dedication at the heart of every engagement.
Every day, we have dedicated our hearts and minds to our customers, generating remarkable results and establishing long-lasting connections as a result of our efforts. Our current and previous clients include:
Every day, we have dedicated our hearts and minds to our customers, generating remarkable results and establishing long-lasting connections as a result of our efforts. Our current and previous clients include:
Our clientele is a testament to our abilities.
