Hiscox-backed UK regional Marine cargo MGA Fiducia launched

Leeds based managing general agency (MGA) Fiducia, backed by capacity from Hiscox and other Lloyd’s syndicates, has been officially launched

Its initial focus will be the regional cargo market via UK brokers.

CEO Gerry Sheehy and COO Patricia Dickinson are two of the senior names.

Sheehy said: “Regional brokers are becoming increasingly aware of the opportunities that the class of business represents and Fiducia has created a team which can meet the needs of both the intermediaries and their clients.” Simon Williams, Head of Marine and Energy at Hiscox London Market said: “We are proud to be the lead market supporting Fiducia and we look forward to working with Gerry and his experienced team of marine specialists. We wish them every success.”

Fiducia has also been backed by BP Marsh & Partners and will have regulatory and back office support from Ambant Underwriting Services (AUS).