Founded in 1882, Sunderland Marine is a leading insurer of fishing vessels, small craft and aquaculture risks, with over 29,000 policies in 50 countries.
It is based in Newcastle with 13 other offices in Australia, Canada, the Netherlands, New Zealand, South Africa and North America, and employs around 120 people. The company has a 'A' financial strength rating and stable outlook from Standard & Poor's.
Sunderland Marine benefits from a parental guarantee issued by North. This guarantee covers Sunderland Marine’s payment obligations to policyholders and is unconditional, continuing and binding upon North. Sunderland Marine policyholders are express third party beneficiaries of this guarantee. The obligations of North under this guarantee rank pari passu with North’s own policyholder obligations.