Ai Marine Risk raises £1.6 million

London-based MGA Ai Marine Risk Limited has officially launched with backing from B.P. Marsh, which acquired a 30% stake in exchange for a £1.6 million capital injection made up of equity and debt.

Ai Marine specializes in marine hull insurance and will underwrite a global portfolio of business with a strong focus on the UK and Europe, Middle East and Asia-Pacific regions.

The company is led by Tom Fulford-Smith and Charles D’Alton.

“We are delighted to launch Ai Marine and to join the London insurance market after a great stint in Singapore and Hong Kong. London remains the epicentre of the marine insurance world and the best place from which to launch and grow our business.” – Tom Fulford-Smith and Charles D’Alton.