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CHANGE IN SECURITY WITH EFFECT FROM 1 JANUARY 2023

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

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