International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across the UK.
The addition of the Marine Trades product complements the company’s existing Ports & Terminals and Marine Liability portfolios.
IGI, through its UK subsidiary, writes a portfolio of global marine risks which together represented around 7% of the company’s gross written premiums at Dec. 31, 2019.
Mark Trevitt, with 30 years of marine underwriting experience, leads the marine team as class underwriter for Ports & Terminals and Marine Liability. IGI recently announced the addition of marine underwriter Vickie Fox, who will be responsible for developing IGI’s Marine Trades business.
“This product is aimed at a large and growing client base across the UK,” Trevitt said. “Given our size and experience, we are able to customize coverage to suit our clients’ needs, while also offering the ability to source multiple related coverages in one place.”
Established in 2001, IGI is an international specialist commercial insurer and reinsurer with a worldwide portfolio that includes energy, property, construction & engineering, ports & terminals, financial institutions, general third-party liability, legal expenses, general aviation, professional indemnity, marine liability, political violence, forestry and reinsurance treaty business. Rgistered in Bermuda, the company also has operations in London, Dubai, Amman, Labuan and Casablanca.
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