IGI launches marine trades product

Bermuda-registered niche international specialist commercial insurer and reinsurer IGI has launched a Marine Trades insurance product, strengthening an existing portfolio of marine insurance risks.

IGI writes through its UK subsidiary a portfolio of global marine risks which together represented around 7% of the Company’s GWP in 2019.

The Marine Trades product covers the smaller recreational marine market across the UK, complements the Company’s existing Ports & Terminals and Marine Liability portfolios.

IGI recently announced the addition of marine underwriter Vickie Fox, who will be responsible for developing the Marine Trades business for IGI.

Mark Trevitt leads the marine team as Class Underwriter for Ports & Terminals and Marine Liability.