Amphitrite targets area of interest marketplace for ‘singletons’ and non-IACS ships

Amphitrite Underwriting is one of the upcoming marine insurance outfits that was brave enough to launch at a time when poor profitability was forcing many established players to look for a way out of the marine market.

Taking its name from the Greek goddess of the sea, it opened for business in 2018. Marine rates were close to rock bottom and Lloyd’s of London was plotting its Decile 10 initiative to cull unprofitable business lines such as marine.