Acies MGU has launched TEDmar International, which is a new managing general agent that will focus on underwriting risks in the ports and terminals sector. It is supported by a consortium of Lloyd’s capacity and caters for the risks borne by port and terminal operators and authorities. Mark Trevitt and Charlie Newman will lead the new MGA.

It will offer cover for liability, property, equipment and operational risks. It will also offer protection for port property such as buildings, warehouses and hard standings, as well as handling equipment ranging from forklifts to gantry cranes. Capacity of £18m is available on both the liability and property damage sections of cover.

Mark Trevitt, managing director at TEDmar, said: "TEDmar brings proven expertise to the ports and terminals market, with our team having built three of the largest and most profitable port and terminal portfolios in London from scratch. We apply a disciplined, individually underwritten approach to this complex market.

“Our deep understanding of the specialised exposures, from marine professional indemnity to port property and business interruption, positions TEDmar as the new experts serving port authorities, terminal operators and the broader shipping ecosystem."

Mark Heath, CEO of Acies MGU, added: “Acies is keen to establish a strong presence in the marine market and we’re confident that TEDmar offers that first vital step in demonstrating our ability and expertise in this complex market.

“Mark and Charlie’s combined experience and track records speak for themselves. They are leading experts in marine insurance and we’re looking forward to supporting TEDmar’s growth as Acies expands its diverse portfolio of specialist MGAs.”