Insurance marketplace Lloyd’s has granted specialist marine managing general agent Amphitrite Underwriting the final approval to officially carry out activities as a Lloyd’s coverholder.
Announcing the green light, the MGA declared: “Securing this prestigious coverholder status represents a significant milestone in Amphitrite’s path toward sustainable growth and strategic diversification.
“It not only broadens the reach of the company’s product offerings but also unlocks enhanced access to capital, positioning it to capitalise on emerging market opportunities within its specialist marine sectors.”
Founded in 2018, Amphitrite became fully authorised by the Financial Conduct Authority on January 31, 2024. Before then, Tysers acted as the firm’s regulatory principal.
Read more: Amphitrite receives full approval from FCA
Amphitrite’s products span hull and machinery, machine war, increased value/ disbursements / freight interest, ship builders and ship conversion risks, and loss of hire / earnings.
Commenting on the Lloyd’s approval, chief executive Konstantinos Tampakakis said: “This is a fantastic achievement. As a Lloyd’s coverholder, we are strategically positioned to further elevate the scope and quality of our services, while strengthening our relationships with our clients and distribution partners in London and internationally.
“The global recognition of the Lloyd’s brand coupled with its unmatched licensing capabilities further augments Amphitrite’s overall value proposition and underscores our ongoing commitment to sustainable growth and diversification.”
Based in London, Amphitrite is backed by Arch Capital Group.
What do you think about this story? Share your thoughts in the comments below.
