Blenheim Partnerships, part of the White Bear Group, has launched its specialty trade-related managing general agent (MGA), to be led by Ed Parker.
The MGA is backed by Blenheim Underwriting alongside other well-known markets, including some Lloyd’s syndicates.
According to the announcement, the MGA offers insurance for a variety of trade-related risks, with line sizes ranging from US$4.5 million to $26.75 million.
The products covered include Consequential Loss/Trade Disruption Insurance (TDI), Political Risk, Contract Frustration, and Trade Credit.
These offerings have been specifically designed to safeguard an insured party’s interests against diverse trade risks.
Target clients include: financial institutions, commodity traders, project financiers/supporters, and importers/exporters dealing in a wide array of goods and services.
Parker commented: “This MGA brings extensive market experience and knowledge of wordings with a proven track record in innovation and bespoke underwriting to create a leader in its field.
“Under the Blenheim banner, we have a first-class and nimble team with the freedom to innovate and underwrite. We are looking to listen to what clients’ needs are, and to address these needs by being relevant and using our experience.”
Parker joined Blenheim Partnerships in the second half of last year, and was appointed to head a new Special Risks Insurance Unit. He brings a wealth of market-leading experience and expertise in the marine trade disruption and political risks arenas.
