New MGA specialising in ports and terminals risks launched

Acies MGU has launched a new MGA specialising in ports and terminals risks, backed by a consortium of Lloyd’s capacity.

Called TEDmar International, the business will provide cover for P&T operators and port authorities, offering protection across liability, property, equipment and operational risks.

The MGA’s appetite includes risks such as port buildings, warehouses, hard standings, cargo handling equipment and ancillary port craft.

Mark Heath, chief executive at Acies MGU, said: “Acies is keen to establish a strong presence in the marine market and we’re confident that TEDmar offers that first vital step in demonstrating our ability and expertise in this complex market.”

New leaders

The new business will be led by marine insurance specialists Mark Trevitt and Charlie Newman.

Trevitt joins as managing director, bringing more than 35 years of marine underwriting experience. He has previously led ports and terminals initiatives at Navigators, Travelers Syndicate and IGI and has worked across international markets including Lloyd’s Asia in Singapore.

Newman joins as director of underwriting. He was previously at IGI and brings more than a decade of ports and terminals experience, alongside six years spent at brokers Marsh and JLT.

Trevitt said: ”TEDmar brings proven expertise to the ports and terminals market, with our team having built three of the largest and most profitable P&T portfolios in London from scratch.

”We apply a disciplined, individually underwritten approach to this complex market. Our deep understanding of the specialised exposures, from marine professional indemnity to port property and business interruption, positions TEDmar as the new experts serving port authorities, terminal operators and the broader shipping ecosystem.”