Arch Capital backed London market MGA Amphitrite receives UK regulatory approval.

Amphitrite Underwriting London, a specialist marine MGA, has announced it has received full authorisation from the UK Financial Conduct Authority (FCA).

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Amphitrite is backed 100% by Bermuda re/insurer Arch Capital.

Regulatory approval from the FCA was effective from the end of January, the company said.

Since Amphitrite’s launch in 2018, insurance broker Tysers has acted as the global marine markets MGA’s regulatory principal.

“Securing FCA approval is a testament to the excellence and professionalism of the team,” said Konstantinos Tampakakis, CEO of Amphitrite.

“This is a pivotal moment in our journey and marks an exciting new phase for our business.

”We are now able to realise our growth ambitions and further capitalise on the opportunities in the specialist marine market,” Tampakakis said.

“Tysers has proven a valuable and stable partner, and I would like to thank them for their continued regulatory support and for all their efforts in securing our success,” he added.