Specialist marine MGA Amphitrite Underwriting London has received full authorisation from the Financial Conduct Authority, effective 31 January 2024. Since Amphitrite’s launch in 2018, Tysers has acted as the MGA’s regulatory principal.

Konstantinos Tampakakis, CEO of Amphitrite, said: “Securing FCA approval is a testament to the excellence and professionalism of the team. This is a pivotal moment in our journey and marks an exciting new phase for our business. We are now able to realise our growth ambitions and further capitalise on the opportunities in the specialist marine market.

“Tysers has proven a valuable and stable partner, and I would like to thank them for their continued regulatory support and for all their efforts in securing our success.”

Amphitrite is 100% backed by Arch Capital Group, a publicly listed Bermuda exempted company which writes insurance, reinsurance and mortgage insurance globally.