Specialist MGA Fiducia has today revealed the launch of a suite of engineering products as well as the appointment of a new underwriting team.

The business, which officially launched in November last year, launches the new coverages with capacity provided by Lloyd’s syndicate Novae and several others, it said in a release. The engineering products provide comprehensive cover for loss or damage and are available on an annual, short period or specific event basis.

Fiducia’s new underwriting team, set up to support UK brokers and clients, consists of Tony Sturmey (pictured), who was previously senior head office underwriter at HSB Engineering and CGU; Chris Rooke, formerly with NMU and Aviva; and Peter Milner, previously regional underwriting manager at W/R/B Underwriting. More appointments are imminent and will be announced over the next couple of months, the MGA said.

“Following the recent launch of our terrorism and marine trades products we have again recruited experienced specialists with the aim of broadening our product base where brokers need support. We have secured an outstanding engineering team who will be supporting our brokers and clients countrywide,” CEO Gerry Sheehy said in a statement.

“It is also great to be working with Novae who provide first class lead capacity and expertise through Steve Cross and his team,” he went on to say.

Steve Cross, unit head, construction, at Novae added: “We are excited to be supporting the Fiducia team. Gerry and his management team put first class service levels at the heart of their business. At Novae partners are chosen carefully and we are confident that Fiducia and the innovative products they have designed and created will provide a very attractive alternative to those currently in the market. From the outset of our discussions we have been impressed by the drive, professionalism and depth of knowledge within Fiducia and we look forward to a long and successful partnership.”


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