Business Moves: Acies MGU Launches Ports & Terminals MGA, TEDmar International; MISSION to Launch Dublin-Based Property MGA, Kyntra

Acies MGU Launches Ports & Terminals MGA TEDmar International

Acies MGU, the managing general underwriter and Lloyd’s coverholder, announced the launch of TEDmar International, a managing general agent that specializes in ports & terminals (P&T), led by marine market experts, Mark Trevitt and Charlie Newman.

Trevitt joins as managing director and is an internationally recognized marine underwriter with more than 35 years’ experience in the market. He brings a wealth of experience, having previously headed up P&T initiatives at Navigators, Travelers Syndicate and IGI. He also worked at Lloyd’s Asia in Singapore.

Charlie Newman joins TEDmar as director of Underwriting. Also, previously at IGI, he brings more than 10 years of P&T experience, including six years at brokers Marsh and JLT.

The new international offering is 100% supported by a consortium of Lloyd’s capacity and offers a full package of cover for P&T operators and port authorities.

The cover spans liability, property, equipment, and operational risks and provides protection for port property such as buildings, warehouses, and hard standings, handling equipment ranging from forklifts to gantry cranes, and ancillary port craft like pilot cutters.

With capacity up to $25 million for both liability and property damage sections, TEDmar offers a solution that covers business interruption losses and the various operational assets critical to port and terminal functionality.

“TEDmar brings proven expertise to the ports and terminals market, with our team having built three of the largest and most profitable P&T portfolios in London from scratch,” Trevitt commented.

“We apply a disciplined, individually underwritten approach to this complex market. Our deep understanding of the specialized exposures, from marine professional indemnity to port property and business interruption, positions TEDmar as the new experts serving port authorities, terminal operators, and the broader shipping ecosystem,” he added.

“Acies is keen to establish a strong presence in the marine market, and we’re confident that TEDmar offers that first vital step in demonstrating our ability and expertise in this complex market,” according to Mark Heath, CEO of Acies MGU, in a statement.

“Mark and Charlie’s combined experience and track records speaks for themselves. They are leading experts in marine insurance, and we’re looking forward to supporting TEDmar’s growth as Acies expands its diverse portfolio of specialist MGAs,” Heath said.

London-based Acies MGU has operations in the UK, Europe, and the US, where is its licensed in all 50 states. The company said it partners with specialist underwriting teams to build, own, and operate a diversified portfolio of high-quality MGA businesses.

MISSION to Launch Dublin-Based Property MGA Kyntra

MISSION, the capital partner platform for managing general agents, is set to launch Kyntra, its 12^th MGA in the UK and Europe.

Based in Dublin and led by experienced underwriters David Gibson and Robert Purser, Kyntra marks the next phase of MISSION’s plans to expand its MGA portfolio across Europe.

“This launch marks an important milestone in MISSION’s long-term growth. As we expand our footprint beyond the UK, we are looking to partner with talented underwriters across Europe, a region with significant opportunities for the MGA market,” commented Ross Dingwall, CEO of MISSION, in a statement.

“In David and Robert, we have found established local underwriters with the experience and technical expertise required to build a sustainable MGA. This approach will remain central to the continued growth of our European portfolio.”

Kyntra is expected to launch in Autumn 2026.

Established in the US in 2021, London-based MISSION supports a global portfolio of more than 30 MGAs across the UK, Europe, US and Latin America, “combining long-term capacity with institutional-grade operational, financial, technological, regulatory and marketing infrastructure,” the company said. MISSION said it enables underwriting businesses to launch and scale with speed, discipline and confidence, allowing founders to focus on underwriting performance, broker relationships and long-term growth.