News and Articles

Alandia and Marine Underwriting Services MGA Agreement is not to be renewed

11.08.22

The agency agreement between Alandia and Marine Underwriting Services (MUS) will end
December 31, 2022 and will not be renewed. Marine Underwriting Services has since 2017
acted as Management General Agency for Alandia and has handled Alandia’s underwriting,
service and claims handling regarding the Cargo, Charters’ Liability, Protection & Indemnity
and Hull & Machinery insurances in the Baltic States, Russia, Ukraine and Ukraine and
Caspian Sea markets.

Alandia continues to write in-house for the Baltic States and Poland and has made a strategic
decision to discontinue writing the above-mentioned business lines in other geographies where MUS
has provided the MGA services for Alandia.

”Alandia has good capabilities and knowledge of the Baltic and Polish markets and their customer
needs and therefore we have made the strategic decision to continue writing business with these
markets only in-house from January 1, 2023 onwards. I want to thank Marine Underwriting Services
for the good six yearlong co-operation”, says Alandia CEO, Tony Karlström.

”We thank Alandia for co-operation and sure that we will continue to support each other in the future,
but in a different form. After the MGA agreement expires, we will continue servicing our clients as
before”, says Marine Underwriting Services CEO, Aleksandrs Abuzjarovs.

Marine Underwriting Services will handle insurance policies that are in force until the current
insurance periods end as well as claims related to insurance policies that has been written under the
agency agreement until 31 December 2022 so the servicing of the current customers will not change.