Blenheim Partnerships launches trade credit MGA under Parker

Blenheim Partnerships has launched a specialty trade-related MGA, expanding its underwriting footprint across political and trade-linked risks.

The new MGA sits within Blenheim Partnerships, part of White Bear Group, and is backed by Blenheim Underwriting alongside a panel of established capacity providers, including Lloyd’s syndicates.

The business will be led by Ed Parker, who joined Blenheim in the second half of last year and brings experience across marine trade disruption and political risk.

The MGA will underwrite a suite of specialty products designed to protect clients against multiple trade-related risks.

These include consequential loss and trade disruption insurance, political risk, contract frustration and trade credit.

Line sizes will range from approximately $4.5m to $26.75m, which the MGA said would allow it to support complex and bespoke placements.

Target clients include financial institutions, commodity traders, project financiers and sponsors, as well as importers and exporters across a wide range of goods and services.

Each product has been developed with an emphasis on tailored wordings and the ability to respond to interconnected risks along global trade routes,  the firm said.

The launch reflects continued demand for specialist underwriting expertise as geopolitical uncertainty, supply chain disruption and trade-related volatility remain elevated.

Parker said the MGA was built around deep technical expertise and underwriting flexibility.

“This MGA brings extensive market experience and knowledge of wordings with a proven track record in innovation and bespoke underwriting to create a leader in its field,” he said.

“Under the Blenheim banner, we have a first-class and nimble team with the freedom to innovate and underwrite.”

He added that client relevance would be central to the underwriting approach.

“We are looking to listen to what clients’ needs are, and to address these needs by being relevant and using our experience,” Parker said.

The business will build selectively, according to Blenheim, adding that the new MGA complements its existing capabilities and reflects a strategic focus on specialty areas where underwriting skill and product design remain critical differentiators.