MercariRisk appointed as BIBA marine insurance scheme provider
8th March 2021
The British Insurance Brokers’ Association (BIBA) has launched a new marine insurance scheme for members with specialist broker MercariRisk, offering expert knowledge, advice, training, joint client calls if required, and easy access to the marine insurance market. Comprehensive cover includes cargo insurance (including stock-throughput), freight liability insurance for hauliers, hull and liability cover for commercial vessels, charter yachts, commercial maritime operations, super yachts and yachts and pleasure craft.
The new scheme is underwritten by leading underwriters in the London ‘companies’ market and Lloyd’s, that bring A+ rated capacity as well as global reach.
MercariRisk acts as a bridge between brokers and the marine insurance market, helping general brokers to place marine insurance and maritime risks and lever opportunities which may otherwise be left uninsured or be handled by specialist marine brokers.
Mike Hallam, BIBA’s Head of Technical Services, said: “We are delighted to offer an opportunity for our members to place marine insurance. MercariRisk has proven expertise in this area that will be of benefit to those needing help with this specialist class of insurance, as well as easy access to the marine insurance market against a backdrop of reduced capacity and a market that has hardened.”
Alan Wilkins, CEO of MercariRisk, said: “We are delighted to be appointed by BIBA and stand ready to help and support BIBA members with their marine insurance needs. We will help guide members through the technicalities of marine insurance and provide them with a friendly face and supportive access to the marine market. ‘Mercari’ means ‘to trade’ in Latin and this illustrates our focus and ethos.”
Henry Haystead, Director of MercariRisk, said: “We have deep and wide experience in underwriting and broking in the UK provincial market, Lloyd’s and worldwide, underpinned by real world knowledge of the maritime and logistics sectors. This will be put to good use to help BIBA members work through the complexities of marine insurance, as well as give them the confidence to tackle the marine insurance needs of their clients.”
Hallam concluded: “Our schemes give members more opportunity to find insurance to fit their customer’s needs and we look forward to working with the team at Mercari Risk to do just that.”
Notes to editors
- For further information please contact:
BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
Leighann Forsyth, Deputy Head of Communications
020 7397 0224
If you no longer want to receive press releases from BIBA please email the Comms team.
- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes around 1800 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 67% of all general insurance with a premium totalling £65.1bn and 81% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.
BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.
- About MercariRisk
MercariRisk is a specialist wholesale insurance broker, part of Mercari Risk Management Ltd., FRN 840548. It is focussed on the maritime and logistics sectors and through its range of insurer partners in the London ‘companies’ markets and Lloyd’s it provides comprehensive marine insurance solutions to general insurance brokers. With decades of experience in marine and maritime insurance, the team is well versed in maritime and logistics risk, underpinned by academic study of, and operational experience in our target sectors.