Vessel Protect snaps up Lockton hire

Sector expert expected to be "a fantastic asset" to growing MGA

Vessel Protect snaps up Lockton hire


By Terry Gangcuangco

Marine war risk insurer Vessel Protect, a managing general agent under the Pen Underwriting UK umbrella, has hired James Kent from broker Lockton Omni to serve as senior business development underwriter starting June 3.

Kent’s over two decades of marine insurance experience includes 15 years as an underwriter, advancing to a senior underwriter role at Thomas Miller Specialty and Navigators Insurance Company. A British Marine and Lodestar Marine alumnus, he began his career handling marine liability claims at Steamship Mutual P&I Club.

The key hire’s expertise spans international protection & indemnity and marine liability underwriting, launching new insurance facilities, enhancing products, growing business portfolios, placing (re)insurance policies, and managing client claims.

Chris Goddard, Vessel Protect chief executive and Pen’s co-managing director, stated: “James will be a fantastic asset to our fast-growing business with his broad range of marine experience and diverse skill set, as we look to continue our strong growth trajectory while collaborating effectively with and supporting Pen’s wider marine specialisms.

“Our entire proposition is based on delivering exceptional service to brokers and their clients who are navigating dynamic situations and extremely challenging environments every day.

“James’ breadth of industry connections and the ‘client lens’ he brings will be invaluable in ensuring this remains first-class as the business expands and looks to diversify – as will his track record of partnership working and delivering all-round great service himself.”

The CEO added: “We very much look forward to welcoming James into Vessel Protect and the wider Pen family.”

Beyond war and kidnap & ransom risks – the focus of Vessel Protect – Pen’s marine practice also encompasses ports & terminals, marine trades, brown water hull, marine professionals, and logistics providers.

Kent’s hiring coincides with Vessel Protect’s recent enhancement of its coverage in conflict zones, increasing war risk limits to as much as US$250 million per vessel and cargo war coverage limits to US$100 million.

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