2026-08-10 · Source: Reinsurance News
Summary in 3 Points • Acies MGU has launched TEDmar International to enter the marine insurance sector • TEDmar International focuses on ports and terminals, offering liability and property coverage • Mark Trevitt and Charlie Newman lead TEDmar with extensive marine insurance experience --- Acies MGU has expanded into the marine insurance sector by launching TEDmar International, a managing general agent dedicated to the ports and terminals market. The new entity is led by Mark Trevitt as Managing Director and Charlie Newman as Director of Underwriting, both bringing significant experience in marine underwriting. TEDmar's offerings include liability, property, and operational risk coverage for port authorities and operators, with coverage limits up to $25 million. The initiative is backed by Lloyd's capacity and aims to address the insurance needs of the shipping ecosystem, including business interruption and asset protection.
The launch of TEDmar International by Acies MGU could impact the London Market by introducing a new player with significant expertise in marine insurance. This move may increase competition in the niche market of ports and terminals, potentially influencing underwriting practices and pricing strategies. TEDmar's backing by Lloyd's capacity highlights the continued importance of Lloyd's in supporting specialised MGAs. The London Market may see opportunities for collaboration or competition as TEDmar seeks to establish itself as a leader in this sector.