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Marine Insurance Broker Jobs (NOW HIRING)

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

Director, Ocean Marine Claims

Chicago, IL · On-site

$131K - $177K/yr

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

Director, Ocean Marine Claims

Chicago, IL · On-site

$131K - $177K/yr

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

... insured, counsel, underwriters, brokers, and senior management Experience & Required Skills 10-15+ years of Ocean marine claims handling experience Experience with any Inland Marine coverage types ...

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Marine Insurance Broker information

See salary details

$39K

$87.2K

$119K

How much do marine insurance broker jobs pay per year?

As of Jun 15, 2026, the average yearly pay for marine insurance broker in the United States is $87,223.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,000.00 and $100,000.00 per year, depending on experience, location, and employer.

What does a Marine Insurance Broker do?

A Marine Insurance Broker specializes in arranging insurance coverage for vessels, cargo, and other marine-related risks. They assess clients' needs, source appropriate policies from insurers, and negotiate competitive terms. Brokers also provide advice on risk management and assist with claims processing. Their goal is to ensure clients have adequate protection against potential maritime losses while securing the best possible terms.

How to be a marine insurance broker?

To become a marine insurance broker, you typically need a high school diploma or equivalent, followed by gaining knowledge of maritime and insurance industries. Many brokers obtain professional certifications such as the Chartered Insurance Broker designation and develop strong sales, negotiation, and customer service skills. Licensing requirements vary by region but often include passing exams and maintaining ongoing education.

What type of insurance brokers make the most money?

Commercial insurance brokers, including those specializing in high-value or complex policies like marine insurance, tend to earn higher commissions and salaries due to the larger premiums involved. Experienced brokers with strong client networks, specialized knowledge, and professional certifications generally have higher earning potential compared to those handling personal lines or less complex policies.

Why do so many insurance agents quit?

Marine insurance brokers often leave the profession due to high competition, fluctuating market conditions, and the need for strong sales skills. The job requires building client relationships, managing complex policies, and staying updated on industry regulations, which can be demanding and lead to burnout or job dissatisfaction. Many also leave for better compensation or career advancement opportunities.

What are the key skills and qualifications needed to thrive in the Marine Insurance Broker position, and why are they important?

Success as a Marine Insurance Broker requires a deep understanding of marine insurance products, maritime regulations, risk assessment, and strong negotiation skills, typically supported by relevant insurance qualifications or certifications such as ACII (Associate of the Chartered Insurance Institute). Familiarity with industry-specific software for policy management, claims processing, and customer relationship management (CRM) systems is valuable. Outstanding interpersonal skills, attention to detail, and the ability to manage client relationships are key soft skills in this role. These combined capabilities enable brokers to evaluate complex risks, negotiate favorable terms, and provide tailored coverage solutions for clients in the maritime sector.

What are some of the typical challenges faced by Marine Insurance Brokers, and how can they be successfully managed?

Marine Insurance Brokers frequently encounter challenges such as staying up-to-date with evolving maritime regulations, handling complex risk profiles, and responding quickly to client needs regarding claims or coverage adjustments. Managing relationships with both clients and insurers while negotiating favorable terms requires strong communication and organizational skills. Success in the role often depends on continuous professional development, building expertise in both insurance and maritime industries, and cultivating a robust network. Collaborating closely with underwriters, adjusters, and shipping companies can also help brokers provide comprehensive solutions and build client trust.

How much do maritime insurance brokers make?

Maritime insurance brokers typically earn a median annual salary of around $60,000 to $80,000, with experienced brokers or those working in high-value markets earning over $100,000. Compensation often includes commissions based on policies sold, and success depends on industry knowledge, client relationships, and certifications such as the Chartered Insurance Broker designation.
More about Marine Insurance Broker jobs
What cities are hiring for Marine Insurance Broker jobs? Cities with the most Marine Insurance Broker job openings:
What states have the most Marine Insurance Broker jobs? States with the most job openings for Marine Insurance Broker jobs include:
Infographic showing various Marine Insurance Broker job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $87,223 per year, or $41.9 per hour.

Senior Underwriter - Ocean/Cargo Marine

MSIG Holdings USA, Inc.

New York, NY

$110K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago


Job description

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

The Cargo/Ocean Marine Underwriter plays a critical role in evaluating, pricing, and managing risks associated with domestic and international cargo shipments. This position supports profitable growth of the marine portfolio by applying sound underwriting judgment, building strong broker relationships, and staying ahead of global trade and logistics trends.

Key Responsibilities

Underwriting & Risk Evaluation

  • Assess and underwrite cargo and ocean marine risks in accordance with company guidelines, authority levels, and profitability targets.

  • Analyze submissions including vessel details, cargo type, routing, loss history, and insured operations.

  • Determine appropriate pricing, terms, and conditions based on risk quality and market dynamics.

  • Structure tailored insurance solutions for complex or specialized marine exposures.

Portfolio & Business Management

  • Manage a book of cargo/ocean marine business with a focus on sustainable profitability and disciplined growth.

  • Monitor account performance, loss trends, and market conditions to adjust underwriting strategies.

  • Collaborate with actuarial, claims, and risk engineering teams to refine underwriting approaches and improve results.

Broker & Client Engagement

  • Develop and maintain strong relationships with brokers, agents, and key clients.

  • Provide responsive, knowledgeable service to distribution partners to support new business and renewals.

  • Represent the company in market meetings, industry events, and client presentations.

Compliance & Documentation

  • Ensure underwriting files are complete, accurate, and compliant with internal standards and regulatory requirements.

  • Maintain clear documentation of underwriting rationale, pricing decisions, and coverage structures.

Market & Industry Insight

  • Stay current on global trade patterns, supply chain issues, vessel safety standards, and marine insurance trends.

  • Contribute to product development, appetite refinement, and strategic initiatives within the marine segment.

Qualifications

  • Bachelor's degree in business, finance, risk management, or related field.

  • Experience underwriting cargo, ocean marine, or related commercial P&C lines.

  • Strong analytical skills with the ability to assess complex risks and make sound decisions.

  • Excellent communication and negotiation abilities.

  • Ability to build and maintain productive broker relationships.

  • Proficiency with underwriting systems, rating tools, and Microsoft Office applications.

  • Professional designations such as CPCU, AMIM, or ARM.

  • Knowledge of international trade, logistics, and maritime operations.

Salary: he base pay range is $110,000.00 - 150,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits:

  • Healthcare and Retirement Benefits
  • Comprehensive medical, dental, and vision coverage
  • 401(k) with a generous employer match and profit-sharing contribution
  • Wellness incentive program
  • Life and accidental death and dismemberment (AD&D) insurance
  • Flexible spending programs
  • Short-term and long-term disability plans


Additional Benefit Programs

  • Paid time off program
  • Paid charitable leave
  • Paid parental leave
  • Tuition reimbursement program
  • Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!


It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.