The British Insurance Brokers’ Association (BIBA) has tapped specialist broker MercariRisk for BIBA’s new marine insurance scheme.
The appointment will see MercariRisk act as a bridge between BIBA members and the marine insurance market, helping general brokers place marine insurance and maritime risks. According to the trade body, the new scheme will be underwritten by leading underwriters both in the London companies market and Lloyd’s.
“We are delighted to be appointed by BIBA and stand ready to help and support BIBA members with their marine insurance needs,” stated MercariRisk chief executive Alan Wilkins.
“We will help guide members through the technicalities of marine insurance and provide them with a friendly face and supportive access to the marine market. ‘Mercari’ means ‘to trade’ in Latin, and this illustrates our focus and ethos.”
BIBA said MercariRisk will offer not only expert knowledge, advice, and training but also joint client calls if required. Meanwhile the comprehensive cover includes cargo insurance, freight liability insurance, and hull and liability insurance.
Commenting on the new scheme, BIBA technical services head Mike Hallam noted: “We are delighted to offer an opportunity for our members to place marine insurance.
“MercariRisk has proven expertise in this area that will be of benefit to those needing help with this specialist class of insurance, as well as easy access to the marine insurance market against a backdrop of reduced capacity and a market that has hardened.”
