Blenheim Partnerships, part of the White Bear Group, today announces the launch of its specialty trade-related MGA. The MGA is backed by Blenheim Underwriting alongside other well-known markets[, including some Lloyd’s syndicates]. The launch follows the appointment of Ed Parker last year, who will lead the business.
The MGA, with line sizes varying from US$4.5m to $26.75m will insure:
• Consequential loss / trade disruption insurance (TDI)
• Political risk
• Contract frustration
• Trade credit
Each product has been developed to help to protect an insured’s interest against multiple trade-related risks. Clients targeted include financial institutions, commodity traders, project financiers/supporters and importers/exporters of myriad goods and services.
Parker said: “This MGA brings extensive market experience and knowledge of wordings with a proven track record in innovation and bespoke underwriting to create a leader in its field. Under the Blenheim banner, we have a first-class and nimble team with the freedom to innovate and underwrite. We are looking to listen to what clients’ needs are, and to address these needs by being relevant and using our experience.”
Parker joined in the second half of last year, bringing a wealth of market-leading experience and expertise in the marine trade disruption and political risks arenas.