Amphitrite Underwriting London, a specialist marine managing general agent (MGA), has announced its receipt of full authorisation from the UK Financial Conduct Authority (FCA), coming into effect on January 31, 2024.
This development marks a significant milestone for the MGA, which has been under the regulatory guidance of Tysers since its inception in 2018.
Under Tysers' stewardship, Amphitrite has been established in the global marine insurance market, which the MGA attributes to its commitment to excellence, transparency, and innovative practices. The FCA approval signifies a major achievement for the firm and sets the stage for the next chapter in its growth.
Konstantinos Tampakakis, CEO of Amphitrite, expressed gratitude towards Tysers for their support and pivotal role in the company's journey to achieving FCA authorisation.
“We are now able to realise our growth ambitions and further capitalise on the opportunities in the specialist marine market,” Tampakakis said. “Tysers has proven a valuable and stable partner, and I would like to thank them for their continued regulatory support and for all their efforts in securing our success.”
The company also enjoys the backing of Arch Capital Group which operates globally, offering a wide range of insurance, reinsurance, and mortgage insurance products.
Tysers, meanwhile, has also announced its full integration with the ACORD Solutions Group’s (ACORD) ADEPT platform last December.
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