New marine MGA Fiducia launched with Hiscox backing
BP Marsh bought a 25% stake in the MGA for a total consideration of £75,000.
Leeds-based Fiducia, a new marine cargo managing general agency (MGA) has been launched and is backed by capacity from Hiscox and other Lloyds's syndicates.
Established by its CEO Gerry Sheehy, Fiducia is a registered Lloyd's coverholder which provides insurance solutions across a number of marine risks including cargo, transit liability, engineering and terrorism insurance.
"I am delighted to be able to launch Fiducia at a very exciting time for the UK marine and cargo sector," said Sheehy.
"Re
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