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P&I cover for owners of small ships trading domestically or internationally
About

Aurora was established in 2022 following the purchase and relaunch of another P&I provider that had been underwriting since 2013. Providing fixed P&I premium for owners and operators of small ships Aurora has a team of experienced underwriters and claims personnel offering advice, support and assistance to insureds and their brokers. Our portfolio spans Australasia, the Middle East, Europe and the Americas and comprises a wide variety of tonnage including tugs, barges, passenger vessels, yachts, inland ships, fishing vessels, workboats and cargo vessels.

We can provide cover for vessels that trade internationally, domestically or on inland waterways. Aurora P&I’s policies provide cover up to US$500 million of cover. Defence cover is also available together with all the ancillary covers required by owners operating in this specialist market. We are part of the MECO Group and we have a dedicated claims team for Aurora P&I as well as access to correspondents and the wider resource of MECO’s personnel across three offices.

A

Standard & Poor's

AA-

Standard & Poor's

Security

Markel

Markel Group is Headquartered in Virginia USA, where it was founded in 1930. Markel Group took ownership of the MECO Group and its Brands on 30th May 2025.

The underlying security is provided by entities within the Markel Group of companies.

For business written in the European Economic Area (EEA) security is provided by Markel Insurance SE (MISE) which has a Standard & Poor rating of A and is headquartered in Munich, Germany.

For business written in all other regions the security is Markel Syndicate 3000 which has a Standard & Poor rating of AA-. Markel Syndicate 3000 is run by Markel International from 20 Fenchurch Street, in the heart of the London insurance market.

Markel Group employ more than 22,000 people across 17 countries.

Markel Group

  • Almost 100 years’ experience in risk management
  • US$ 8.432 billion in gross premium income in 2024
  • Market capitalisation of US$ 22.2 billion in 2024
Cover

Owners P&I Cover

Aurora provides Owners P&I cover, which is a comprehensive insurance policy covering certain third-party liabilities of owners and operators in the small ships’ market. P&I insurance covers owners against third-party claims in relation to people on board the ship, loss or damage to the environment, third-party property and for the care and carriage of cargo including General Average. In an increasingly hostile and costly claims environment, secure coverage with professionals is essential for the modern shipowner.

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