Catastrophic Risk
Anticipating the Unthinkable in Maritime Operations
Catastrophic risk refers to low-frequency but high-severity events that can devastate vessels, ports, and businesses in a single strike. From Category 5 hurricanes to cyber breaches and port explosions, these incidents expose financial and operational vulnerabilities that conventional insurance structures often fail to address.
We provide highly specialized risk architecture and rapid deployment strategies to protect assets, reputations, and revenue in the face of worst-case scenarios.
1
Hurricanes & Cyclones
Total vessel loss, storm surge, and marina destruction across Florida, the Gulf Coast, Caribbean & Southeast Asia.
2
Port Explosions & Fires
Widespread damage to infrastructure, cargo, and third‑party liability fallout.
3
Cyber Cascades
Simultaneous operational failure across fleets or ports from ransomware or GPS spoofing.
4
Pollution Events
Tanker spills or industrial cargo release with multi‑jurisdictional environmental liabilities.
5
Earthquakes & Tsunamis
Catastrophic impact zones on the U.S. West Coast, Japan, and Pacific Islands.
Beyond the “Traditional” Risk Zones
While catastrophic maritime risks have historically been concentrated in well‑known regions — earthquakes and tsunamis along the U.S. West Coast, Japan, and Pacific Islands, or hurricanes in the Gulf of Mexico and Caribbean— today’s reality is broader and less predictable.
1
Mediterranean Escalation
Extreme weather events, prolonged marine heatwaves, and sudden storm systems are increasingly impacting yachting hubs such as Monaco, Sardinia, and the Balearics. What was once considered a “low‑risk cruising ground” now demands structured hurricane‑style coverage and contingency planning.
2
Northern Europe
Rising windstorm activity and flooding across the North Sea are disrupting offshore energy, cargo throughput, and port operations.
3
Asia-Pacific
Cyclones and typhoons continue to intensify, threatening shipyards, offshore contractors, and container terminals.
4
Global Cyber Risk
A simultaneous ransomware attack can now immobilize fleets or port operations anywhere, regardless of geography.
SRMG
Solutions
We go beyond standard insurance, providing strategic resilience programs that stand when everything else fails.
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Excess-of-Loss Catastrophe Programs → High‑layer coverage for natural disasters, fire, and pollution.
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Parametric Triggers → Pre‑defined payouts tied to wind speeds, quake intensity, or cyber event timelines.
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Fleet & Port Contingency Planning → Coordinated response frameworks for yacht fleets, marine contractors, and port operators.
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Stress Testing & Scenario Modeling → Simulations that reveal financial exposure, business interruption, and liability gaps.
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Claims Mobilization Protocols → Rapid deployment of surveyors, salvage, marine attorneys, and underwriters.