Acies MGU Expands into Marine Sector with Launch of Lloyd’s-Backed MGA TEDmar International

Quick Summary

Acies MGU has launched TEDmar International, a new Managing General Agent (MGA) focused on the Ports & Terminals sector. Supported by Lloyd’s capacity, the MGA provides up to $25 million in coverage for liability and property damage, addressing complex operational risks for port authorities and terminal operators globally.

How Does TEDmar International Solve Port Operational Risks?

TEDmar International addresses the high-stakes requirements of the marine sector by offering a comprehensive insurance package tailored for port authorities and terminal operators. By securing 100% Lloyd’s capacity, the MGA provides robust protection against a wide array of exposures that traditional policies might overlook.

• Liability and Property: Coverage for buildings, warehouses, and hard standings.
• Specialized Equipment: Protection for assets ranging from small forklifts to massive gantry cranes.
• Ancillary Craft: Coverage extending to pilot cutters and other essential port vessels.

The MGA utilizes a disciplined underwriting approach to manage the Ports & Terminals market's inherent complexity. By focusing on business interruption losses, TEDmar ensures that critical shipping infrastructure remains resilient against unforeseen operational halts.

What Expertise Drives the New Ports & Terminals MGA?

The launch of TEDmar International is spearheaded by industry veterans Mark Trevitt and Charlie Newman, who bring a combined 45 years of specialized experience to the venture. Their track record includes building some of the most profitable portfolios in the London marine market, providing a foundation of technical underwriting excellence.

• Mark Trevitt: Over 35 years of experience, formerly of Navigators and Travelers Syndicate.
• Charlie Newman: Over 10 years of experience with a background at IGI and Marsh.
• Strategic Capacity: Access to $25 million per section for liability and property damage.

"TEDmar brings proven expertise to the ports and terminals market, with our team having built three of the largest and most profitable P&T portfolios in London from scratch. We apply a disciplined, individually underwritten approach to this complex market. Our deep understanding of the specialised exposures, from marine professional indemnity to port property and business interruption, positions TEDmar as the new experts serving port authorities, terminal operators, and the broader shipping ecosystem." said Mark Trevitt, Managing Director, TEDmar International

Why is Acies MGU Expanding into the Marine Market?

For Acies MGU, the introduction of TEDmar represents a strategic entry into the marine insurance sector. As a technology-driven MGU, Acies aims to leverage data-centric underwriting to scale its portfolio of specialist MGAs. This move signals a broader ambition to dominate niche commercial lines where specialized knowledge is a barrier to entry.

"Acies is keen to establish a strong presence in the marine market, and we're confident that TEDmar offers that first vital step in demonstrating our ability and expertise in this complex market. Mark and Charlie's combined experience and track records speaks for themselves. They are leading experts in marine insurance, and we're looking forward to supporting TEDmar's growth as Acies expands its diverse portfolio of specialist MGAs." said Mark Heath, CEO, Acies MGU

FF NEWS TAKE:

The launch of TEDmar International definitely moves the needle by injecting fresh, expert-led capacity into the Ports & Terminals niche. At a time when global supply chains face constant volatility, having a Lloyd’s-backed MGA with deep technical expertise in marine professional indemnity and property damage is vital. Acies MGU’s move to back proven talent like Trevitt and Newman suggests a winning formula for specialized market expansion.