Accredited Insurance (Europe) Limited (Accredited) and Hellenic Hull Management (HM Insurance Agencies) Ltd (Hellenic Hull) have entered into a delegated authority partnership covering Hull & Machinery, ancillary marine risks and Marine Cargo.
Hellenic Hull is a marine insurance management company specialising in Hull & Machinery coverage for all types of vessels. The company has been active in marine insurance for more than three decades, with a focus on Greek and Cypriot shipowners, as well as selected international business.
The agreement establishes Hellenic Hull as Accredited’s first dedicated MGA partner for these classes and marks the insurer’s strategic expansion into specialist ocean marine underwriting.
Accredited selected Hellenic Hull following a detailed review of its underwriting expertise, claims capabilities, governance framework, market relationships and track record in managing delegated marine insurance business.
As part of the agreement, Hellenic Hull will underwrite a targeted portfolio of marine risks on behalf of Accredited, subject to agreed underwriting guidelines and individual risk assessment.
The partnership combines Accredited’s experience in building long-term relationships with specialist MGAs with Hellenic Hull’s established marine underwriting, claims, governance and distribution capabilities.
Marco Hensemberger, Head of Specialty and Business Development at Accredited, commented, “Accredited’s business model is built around long-term partnerships with specialist MGAs. Hellenic Hull’s depth of marine expertise, established distribution, integrated claims capabilities and disciplined underwriting approach made it the right partner for our first dedicated Hull & Machinery and Marine Cargo program. We look forward to working with Ilias and his team to develop a profitable and sustainable marine portfolio together.”
Ilias Tsakiris, Chief Executive Officer of Hellenic Hull, said, “We are very pleased to welcome Accredited as a new partner and particularly proud that Hellenic Hull has been selected for its first dedicated ocean marine programme.
“That decision represents a significant vote of confidence in our people, underwriting discipline, claims capabilities and long-standing relationships with brokers and shipowners.
“Accredited’s financial strength, long-term approach and commitment to specialist MGA partnerships will be important to the success of the program. We look forward to introducing Accredited to the major shipping markets of Greece and Cyprus, together with selected international business, and to building a strong and lasting partnership.”
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