COMPLIANCE

Nautical Underwriting Managers (Pty) Ltd is as a Registered Financial Service Provider.

Nautical Underwriting Managers (Pty) Ltd (Nautical) is a specialist underwriting business, underwriting on behalf of New National Assurance Company Limited, FSP number: 2603

 

Nautical is licensed as a Financial Service Provider: FSP licence number: 43437

 

A copy of our licence is available here. (This will be a link that directs you to a PDF)

 

In this context Nautical is a product supplier and works as an insurance service provider. Nautical’s activities include:

  • The assessment of risks and exposures relating to a variety of marine risks.

  • The determination of premium and relevant insurance contract conditions

  • Quoting and acceptance of risk

  • Policy issuing and administration.

  • Claims management.

 

Financial Service Providers:

We only conduct our business with insurance brokers or insurance intermediaries who are authorised and are registered Financial Service Providers. These Financial Service Providers have an obligation to declare their interests and conflicts, independently.

 

We do not deal with any policy holder directly in selling any product or in the provision of advice but where appropriate we may deal with a policy holder in relation to policy claims but only to the extent authorised