22 September 2016
Sunderland Marine Insurance Company, the specialist in marine and aquaculture insurance, announces today (22 September 2016) the consolidation of its North American operations under its subsidiary Harlock Murray Underwriting.
Sunderland Marine has been operating in North America under two different brands, Sunderland Marine and Harlock Murray Underwriting. With the Harlock Murray name growing in prominence, particularly along the Pacific coast, the company has decided to consolidate the North American business under this brand.
As part of this strategy, the Halifax office has been downsized leaving Alastair Gray to continue supporting the business in Eastern Canada. Management buy-outs have been concluded for the Florida-based broker operations, Marine Underwriters and Able Maritime Yacht Insurance. Brent McIver will carry on in his role looking after business for that region.
The Seattle office, Salvus Bain Management (USA) LLC, will continue to provide the same high levels of service in the Pacific Northwest albeit under the new MGA arrangement with Harlock Murray Underwriting. Sunderland Marine will also cease to provide security for the business in North America. In future all business written in the region will be backed by Lloyd's of London.
Tom Rutter, chief executive officer of Sunderland Marine says, Harlock Murray's success as an MGA made consolidation the logical next step in our drive for business efficiency.'
Furthermore, through our new security, we will be able to continue to offer the high levels of service that our clients and customers have come to expect. In addition, we are developing a new range of products which will be launched in the coming months. This process will leave the business in a stronger position to support future growth and provide excellent marine insurance to the industry we have served in North America for over 30 years. Harlock Murray Underwriting will remain a wholly owned subsidiary of Sunderland Marine giving continuity to our policyholders and brokers.'
For further information contact:
Kim Heaselden, Senior Executive (Communications), North Group +44 191 232 5221
Erin Myre, General Manager, Harlock Murray Underwriting +1 604 806 0896
Corey Fehr, Underwriting Manager (+1 604-806-0897)
Craig McBurnie, Underwriting Manager, Sunderland Marine +44 0191 232 5221
Notes to editors
1. Sunderland Marine is a leading insurer of fishing vessels, small craft and aquaculture risks. Established in 1882, Sunderland Marine has been providing marine insurance for over 130 years. Sunderland Marine's highly qualified and knowledgeable teams of underwriters, surveyors and claims staff ensure that clients are provided with high levels of service and comprehensive insurance policies. For more information on Sunderland Marine, please visit www.sunderlandmarine.com.
2. Harlock Murray Underwriting Limited is a marine underwriting agency which has been representing insurers in the USA and Canada for forty years. Harlock Murray Underwriting prides itself on exceptional service delivered by a highly skilled and knowledgeable team of specialists in marine underwriting and claims. For more information on Harlock Murray Underwriting, please visit www.hmumarine.com.
3. Sunderland Marine and Harlock Murray Underwriting are part of the North Group, which was established in February 2014 following the merger with The North of England P&I Association Limited (North). For more information on North, please visit www.nepia.com.