The British Insurance Brokers Association (BIBA) has announced the appointment of MercariRisk as its new marine insurance scheme provider.
The specialist broker will provide training, advice and easy access to the marine insurance market for the trade association’s members.
Cover will include cargo and freight liability insurance, as well as coverage for yachts and commercial vessels.
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.”