IGI launches marine trades product
IGI has announced it has launched a new Marine Trades insurance product, strengthening the Company’s existing portfolio of marine insurance risks.
The Company, through its U.K. subsidiary, writes a portfolio of global marine risks which together represented around 7% of the Company’s gross written premiums at December 31, 2019.
The addition of the Marine Trades product, which covers the smaller recreational marine market across the U.K., complements the Company’s existing Ports & Terminals and Marine Liability portfolios.
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 the Marine Trades business for IGI.
“This product is aimed at a large and growing client base across the U.K.,” Mr. 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.”
Authored by IGI
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About IGI
Established in 2001, International General Insurance (IGI) is a global privately-owned specialist commercial insurer and reinsurer. Our vision is to be the company of choice for clients and brokers through market-leading service and our reputation for stable management and capital security.
A diverse and highly experienced team of underwriters operates our office in London. We also have offices in Dubai, Amman, Casablanca and Kuala Lumpur.
Our diverse portfolio of specialty lines includes Energy, Property, Construction & Engineering, Ports & Terminals, Financial Institutions, Aviation, Professional Indemnity, Political Violence, Legal Expenses, D&O, Casualty, Forestry and Treaty Reinsurance.
Standard and Poor’s upgraded our financial strength rating to “A- “, with a Stable outlook. A.M. Best rated the company A- (Excellent), with a Positive outlook, stating, “the revised outlook reflects IGI’s consistent record of very strong operating performance and the continuous improvement in its enterprise risk management framework.”
We take pride in providing proactive claims management, coupled with open communication, leading to the efficient handling of claims. We endeavour to act fairly and honourably in our relations with clients and brokers.