Travelers Lloyd’s syndicate backs Fiducia marine expansion

Fiducia MGA said Aug. 18 that it launched a comprehensive marine trades facility and is opening a new office in Birmingham.

The marine trades product with capacity provided by leading insurer Travelers is a cover for both commercial and leisure industries and has extensive coverage for property, business interruption and liability.

The marine trades team and office will be headed by underwriter Marc Watts, assistant underwriter Gemma Ballard with Bob Watts leading development. The team previously worked together at Groves John and Westrup and NMU.

Fiducia CEO Gerry Sheehy said: “We officially launched in November 2016 with ambitions to recruit experienced specialists with the aim of broadening the firm’s product base. I am delighted therefore to announce the launch of our new office and latest product for Marine Trades. More importantly we have secured an outstanding team in Marc, Gemma and Bob. Further expansion is planned over the next year and we are also seeing interest in our product set and capabilities from Europe.”

Sheehy continued, “Again we have been able to secure first rate capacity from leading Lloyd’s syndicate Travelers which enhances a very powerful proposition and one that continues to send a continued clear message that we are fully committed to our brokers and clients.”

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