MGA Amphitrite Underwriting gets Lloyd’s approval as coverholder

Specialist marine MGA Amphitrite Underwriting London has received the final approval from Lloyd’s of London to become an approved coverholder. The MGA said: “Securing this prestigious coverholder status represents a significant milestone in Amphitrite’s path toward sustainable growth and strategic diversification.”

Amphitrite Underwriting added: “It not only broadens the reach of the company’s product offerings but also unlocks enhanced access to capital, positioning it to capitalise on emerging market opportunities within its specialist marine sectors.”

Konstantinos Tampakakis, CEO of Amphitrite, said: “This is a fantastic achievement. As a Lloyd’s coverholder, we are strategically positioned to further elevate the scope and quality of our services, while strengthening our relationships with our clients and distribution partners and in London and internationally.”

Tampakakis added: “The global recognition of the Lloyd’s brand, coupled with its unmatched licensing capabilities, further augments Amphitrite’s overall value proposition and underscores our ongoing commitment to sustainable growth and diversification.”

Amphitirite was founded in 2018 and is 100% backed by Bermuda-based Arch Capital Group. The MGA covers hull and machinery, marine war, increased value/disbursements/freight interest, ship builders and ship conversion risks, and loss of hire/earnings.