About us

Overview

ANDREW LIU & CO., LTD (ALCO) was established in Hong Kong in 1988 as one of the first marine insurance consultants assisting shipowners and charterers in China with their insurance and claims requirements. ALCO were the first insurance broker in Hong Kong to acquire the ISO 9002 certification with the goal to provide the best service.

ALCO is a member of the Hong Kong Confederation of Insurance Brokers (CIB), whilst its holding company obtained the listing status at OTCBB market of the United States in 1999. With representation located in Hong Kong, Singapore, Shanghai, Dalian, Fuzhou and Zhoushan today, ALCO is now operating as one of the major insurance broker specializing in Marine Hull, Protection & Indemnity, Charterers Liability and Cargo insurance in Asia.

Our Singapore office also provides Commercial insurance and Personal insurance placements. For more details, kindly visit our Singapore website.

Aside from the traditional broking services, ALCO has a specialised Claims and legal Team, which is working 24 x 7 to serve its clients and vessels around the world. Over the years, ALCO has assisted in handling complex marine claims, handled arbitrations cases not supported by FDD insurers and desires to provide innovative legal solutions. What ALCO's insurance clients require and how ALCO can meet their needs is a goal which is constantly pursued by the company’s management.

ALCO's philosophy is always to place themselves in the position of the client, so that whole team proactively thinks and cares for the client.

MISSION STATEMENT

ALWAYS PLACE YOURSELF IN THE POSITION OF THE CLIENT.

WHAT MORE CAN WE DO AT ALL TIMES FOR THE CLIENT SO THAT HE/SHE HAS A GRATIFYING EXPERIENCE AND HIS/HER EXPETATION IS EXCEEDED.

Major insurance we are providing

We provide various marine insurance arrangement, with impressed service.

• HULL & MACHINERY
• PROTECTION & INDEMNITY
• CHARTERER’S LIABILITY
• K&R AND PIRACY LOSS OF HIRE INSURANCES
• FREIGHT DEFENCE AND DEMURRAGE
• WAR RISK
• STRIKE
• Loss of Hire
• MII
• Cargo Insurance
• Professional Indemnity
• Shipowners' Liability Cover
• Increased Value Insurance
• Innocent Owners Interest Insurance

Legal consultants

We provide legal advice on commercial disputes such as charterparty disputes and encourage our clients to seek our advice before the matter turns out to be a dispute or claim. In the event the dispute proceeds to arbitration in jurisdictions subject to English law, we can act for our clients to handle the legal proceedings.  Our approach is to treat our clients’ claims as our own problems or claims and achieve the best cost effective solution to disputes.

We would briefly highlight some real cases where we have assisted shipowners.

1. Personal Accident Insurance
2. Club Unwilling to Put Up Security
3. A Cargo Claim
4. Advising a Shipowner on Hull Insurance Conditions
5. Total Loss Claim
6. A Case of Smuggling
7. Claims Rejected by the Clubs
8. P&I Cover Prejudiced
9. Marine Arbitration