Blenheim Partnerships, part of the White Bear Group, has launched specialist trade-related managing general agents (MGA), led by Ed Parker.
MGA is supported by Blenheim Underwriting as well as other reputable markets including a number of Lloyd’s syndicates.
According to the announcement, MGA provides insurance for various trade-related risks, with insurance limits ranging from US$4.5 million to US$26.75 million.
Products covered include consequential loss/trade interruption insurance (TDI), political risk, frustration and trade credit.
These products are specially designed to protect the interests of the insured against various trade risks.
Target customers include: financial institutions, commodity traders, project financiers/supporters and importers/exporters dealing in various goods and services.
Parker commented: “The MGA brings a wealth of market experience and wording knowledge, with a strong track record of innovation and bespoke underwriting, aiming to create a leader in the sector.
“Under the Blenheim banner, we have a best-in-class, nimble team with the freedom to innovate and underwrite. We want to listen to our customers’ needs and meet them by being relevant and leveraging our experience.”
Parker joined Blenheim Partnerships late last year and was appointed to lead a new special risks insurance division. He has extensive market-leading experience and expertise in the areas of maritime trade disruption and political risk.