Jakarta, May 14th 2025 – PT Transcoal Pacific Tbk & Group, PT BGIB Insurance Brokers, and PT Asuransi Tugu Pratama Indonesia Tbk as representatives of Market Insurance officially signed a Memorandum of Understanding (MoU) “Hull & Machinery Insurance Protection”. The signing took place at the PT BGIB Insurance Brokers Office at Ruko Kebayoran Center, Kebayoran Lama, South Jakarta. The signing process was represented by each Director, as follows : Mr. Budiman Kostaman as Director of PT Transcoal Pacific Tbk, Mr. Ery Widiatmoko as Director of Insurance Marketing of PT Tugu Pratama Indonesia Tbk, and Mr. Zaki Surachman as Director of PT BGIB Insurance Brokers.This signing marked the beginning of a long-term strategic partnership in the field of maritime insurance.
This MoU establishes a three-year cooperation to provide protection for Hull & Machinery for the entire PT Transcoal Pacific Tbk & Group Fleet. In this cooperation, PT BGIB Insurance Brokers will play a strategic role as an insurance broker for PT Transcoal Pacific Tbk. In addition, this partnership will also be filled with annual programs aimed at building mutual trust and aligning risk management and business processes between all parties. The shared commitment to implement Enterprise Maritime Risk Management (EMRM) is the main highlight of this collaboration. This approach prioritizes a systematic, transparent, and open system to maintain the stability and sustainability of the maritime industry, in line with the principle of “Maritime Ecosystem Life and Traditions”.
This partnership not only focuses on protecting company assets, but also aims to increase the company’s value in the eyes of the insurance industry.
PT Transcoal Pacific Tbk & Group is recognized as a trusted entity, with a comprehensive risk management framework that meets ISO 31000 and ISO 31010 standards and covers both internal risks and risks that may affect insurance partners.
This collaboration is based on three main pillars, namely :
– Hand in Hand : Supporting each other in facing and recovering from losses.
– Solving Problems : Collaborating in risk mitigation and improving risk governance in the future.
– Security and Compliance : A shared commitment to maintaining the value, stability, and sustainability of each industry.
This agreement aims to reaffirm the insurance market’s continued trust in PT Transcoal Pacific Tbk, while also demonstrating the company’s active commitment to raising awareness of the importance of risk protection in order to ensure long-term operational continuity.
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