Lodestar credits new underwriters for relationship development

Non IG P&I insurer Lodestar, which is backed by UK-based insurer RSA, has said that “as the dust settles on the 20th February renewal” it had achieved a 90% retention rate for renewing clients, whilst writing 36 new accounts and 120 new vessels, an increase on that achieved in February 2016.

The insurer said that it was “no secret” that it had experienced a number of changes in personnel during the course of 2016, but that, despite this, the company had proved to be a “stayer”.

Lodestar said that much credit was due to its new underwriters: Richard Linacre; Tom Davies, and Ian MacIver, plus the team overall, “for the relationships they have developed, the ingenuity of their underwriting/claims management, and the commitment demonstrated by all in making Lodestar an enduring success”.