Arrow Risk Management launches marine insurance practice

Arrow Risk Management has launched its marine insurance practice with Wayne Krause as underwriting practice leader.

The new practice will focus primarily on marine cargo and logistics related risks with a broader marine offering, including stock throughput, project cargo, delay in start up (DSU) and logistics operators or freight forwarders liability.

Underwriting business on a global basis, the practice will leverage London market expertise and international trading relationships to support SME, mid-market and larger corporate clients across supply chains and multiple territories.

Mark Harrington, chief underwriting officer at Arrow Risk, said: “Krause brings exceptional marine underwriting expertise, international market experience and strong broker relationships to Arrow.

“His technical capability and leadership experience make him ideally positioned to build a disciplined and sustainable marine portfolio on the Arrow platform.”

Leadership experience

With over 30 years’ experience across underwriting and broking within the international marine insurance market, Krause most recently held the position as cargo and logistics underwriting manager at UPS Capital.

His experience spans senior underwriting and leadership roles with Hollard Marine, Marsh, Tokio Marine Kiln, Zurich Financial Services and Aviva Global Corporate and Specialty.

Commenting on his appointment, Krause said: “I am delighted to be launching the marine insurance practice on the Arrow platform.

”We see strong opportunities across the marine cargo and logistics market, particularly where clients require specialist underwriting expertise, tailored solutions and responsive service across international trading environments.”