Managing General Agent ADVA Underwriting (ADVA) has announced the launch of its new marine insurance initiative aimed at protecting ship owners, ship managers, cargo owners and charterers from war risks and piracy around the world.
This initiative complements the firm’s existing marine offering and broadens its support to brokers and their marine clients. ADVA will be able to underwrite lines of up to USD150,000,000 including for voyages to and from designated war risks exclusion zones.
ADVA Co-founder Harj Sandhu commented, “The introduction of a facility for marine war risks targets an important area that will ensure we continue to support our brokers and clients, and we now have the ideal platform for realising that ambition.”
The increasingly uncertain international security landscape has put the importance of war risks insurance very much in the spotlight in recent times. By working closely with insurers on the company’s Advantage© platform, the Hong Kong and London offices are now able to bring real time underwriting to Asian clients.
[END]
About ADVA Underwriting:
ADVA Underwriting is a specialist MGA focusing on Extended Warranty, Marine and Specialty, Affinity and Lifestyle protection products. The company also provides third-party policy and claims administration for both Extended Warranty and Marine clients.
From its locations in the United Kingdom, Germany, Hong Kong and Malaysia, ADVA Underwriting provides insurance and reinsurance solutions across Europe, Asia, the Middle East and the Americas.
ADVA Specialty Limited t/a ADVA Underwriting is an Appointed Representative of Pro MGA Solutions Ltd who is authorised and regulated by the Financial Conduct Authority under reference 770419. A company incorporated in England & Wales (No: 10575665) with Lloyd’s Coverholder status.
ADVA Underwriting is the trading name of ADVA Specialty Limited, incorporated in England & Wales (No: 12490563). ADVA Underwriting Europe GmbH is incorporated in Cologne, Germany and regulated by the Cologne Chamber of Industry and Commerce under registration no. D-UJ8M-8RPP4-39 in the insurance intermediary register.
ADVA Specialty (HK) Limited is incorporated in Hong Kong (No: 3078559) and regulated by the Insurance Authority of Hong Kong (Company Licence No. GA1044).
