Very Large Claims and How They Impact the Shipping Market

An exploration of major maritime incidents and their impacts on the insurance and shipping market.

MECO Group, owned by Markel, are a specialist marine managing general agent (MGA) with over 50 years of experience in marine insurance. Founded in 1974 as Michael Else and Company Ltd., named after its founder Michael Else, the group operates under three core brands: The Charterers P&I Club, Transmarine, and Aurora P&I, providing specialized marine insurance solutions. MECO offers underwriting services covering various marine risks such as charterers P&I, freight, defense and demurrage, trade disruption, loss of hire, strikes delay, small vessel owners' P&I, and contractual extension liabilities.

 Presenters:

Gavin Ritchie - Gavin Ritchie is the Underwriting Director at the MECO Group a specialty Marine MGA owned by Markel. Gavin has a 30 year track record Underwriting P&I risks and day to day responsibility for the direct P&I business at Markel which includes Charterers Liability and Smallcraft P&I.

Tim Wills - Tim Wills is the Head of Marine at Markel Australia who recently launched their Marine underwriting offering in Q3 of last year. Tim brings over 15 years experience in the Marine industry across both Australia and Asia Pacific, and is tasked with bringing the 'best of Markel' to the local Australian market.