TRANSMARINE will be underwritten by Great Lakes Insurance SE, a Munich Re subsidiary, with effect from 1 January 2023.
TRANSMARINE joins MECO brands, The Charterers P&I Club and AURORA as Great Lakes supported products.
Chris Else, Chief Executive Office of the MECO Group, commented;
“Our co-operation with Munich Re enters its third decade and we are delighted that they have become the capacity providers to TRANSMARINE with effect from 1 January 2023. With a S&P Rating of AA- TRANSMARINE will have unrivalled financial security; we have refocused the positioning of TRANSMARINE in 2022 and seen strong growth in a buoyant shipping market. I would like to thank the AEGIS Syndicate at Lloyds for their co-operation in recent years.
TRANSMARINE has seen strong growth over the last year and the Underwriting team are working hard to expand further in a shipping and Insurance market that will present many interesting opportunities.”
For further information please contact Chris Else celse@themecogroup.co.uk
