Demand for marine war cover has driven managing general agent Amphitrite Underwriting London to secure additional Lloyd’s capacity of approximately £30m and enable it to provide more options and broaden the reach of the available cover. Coverage includes physical loss or damage to the vessel caused by a war peril, loss of hire/earnings as a result of a war peril and drugs seizure cover for innocent owners and operators.

Konstantinos Tampakakis, CEO of Amphitrite, said: “This new enhanced offering underscores our firm's growing stature and unwavering dedication to the Marine War market, reinforcing our ongoing commitment to helping clients navigate an increasingly complex geopolitical landscape worldwide.”