Fiducia books GWP of £12m for 2019

Fiducia MGA Company Ltd (Fiducia) a UK marine cargo underwriting agency that was established in November 2016, generated gross written premiums (GWP) of £12m for calendar year 2019, across the Marine Specialty Insurance Sector, reported BP Marsh in a regulatory update on its investments.

Las month (January 2020) Fiducia expanded its product offering with the establishment of a Fine Art and Specie division, headed by James Bavin, who was previously head of Marine at Advent Capital. The new division is supported by underwriting capital from Lloyd’s of London, and complements Fiducia’s existing product offering.