Global maritime risk management firm Ambrey has launched managing general agent Ambrey Global Specialty Limited. It will specialise in ‘spot breach’ marine hull war risks insurance. The MGA will be available via the Davies MGA Services Limited platform. It will operate as an appointed representative. The launch of AGS follows that of Ambrey Insurance Brokers in 2020 – also an appointed representative of Davies.

Nick Maddalena, managing director of AGS, said: “AGS launches at a time of considerable geopolitical instability, and we are delighted to once again partner with Davies to further assist clients in navigating the world’s most volatile areas safely.”

Emma Plush (pictured), director - MGA and broker solutions at Davies, added: “We are extremely pleased to support Ambrey’s latest venture, facilitating the launch of AGS and providing a range of services fundamental to its success.

“This further demonstrates our ability to not only help launch MGAs, brokers, syndicates, and captives, but also to assist management teams as they expand their strategic footprint in the insurance space over the longer term.”