Amphitrite Underwriting London (“Amphitrite”), the specialist marine hull MGA, has announced its transition to full independence following its buyback of Arch’s minority shareholding.
Founded in 2018 and with strategic seed investment and capacity backing from Arch, Amphitrite entered the market in 2019 with a clear mandate: to build a specialist marine MGA with technical underwriting and outstanding service at its core. Amid heightened scrutiny in the marine sector at the time, Amphitrite quickly established itself as the market-leading niche marine MGA.
After nearly seven years of successful underwriting, this milestone marks a pivotal step in Amphitrite’s evolution. Arch will remain as a valued long-term capacity provider, continuing to lead Amphitrite’s Marine Hull portfolio in the years ahead.
Konstantinos Tampakakis, CEO of Amphitrite, said: “This is a significant milestone in our ongoing journey of transformative growth. Full independence will further enhance our ability to attract market-leading underwriters who share our long-term vision of building a specialist, diversified global marine MGA. I would like to thank Arch for their unwavering support from the very beginning and for their continuous support as a key strategic capacity provider.”
Daniel Boutcher, CUO of Amphitrite, added: “‘Our technical expertise and disciplined underwriting have set us apart in the marine hull market. As we expand, we are committed to applying the same principles and underwriting philosophy to other core marine segments. Delivering consistent underwriting and exceptional claims service continues to be central to our approach.'”
Hugh Sturgess, CEO of Arch Insurance International commented: “On behalf of Arch, I would like to congratulate Amphitrite on establishing a successful underwriting franchise in the marine sector. We look forward to maintaining our strong underwriting partnership and wish the team ongoing success with achieving their strategic objectives.”