FP Marine Risks announces acquisition of EDI Cargo Cover
Tagged: acquisition, Australia, Cargo, EDI Cargo Cover
QUEENSLAND and HONG KONG, 1 May 2010: FP Marine Risks, a Lloyd’s broker, today announced the acquisition of EDI Cargo Cover, a specialist cargo insurance agency based in Queensland, Australia.
Last year, FP Marine Risks was granted an Australian Financial Services Licence, enabling it to conduct direct business in Australia.
The acquisition of EDI Cargo Cover is a strategic move aimed at building the company’s presence in the region’s direct market place.
Philip Bilney, Group Executive Director, says: “EDI Cargo Cover has built up a first-class client base of freight forwarders, importers and exporters in Australia. This has been achieved by a combination of the intelligent use of web-based systems and good old-fashioned client service – a business ethos which very much mirrors our own.”
FP Marine Risks provides clients with its web-based programme, Alto, which enables users to manage their marine insurances online.
Ian Macnaughtan, founder of EDI Cargo Cover and now Manager, Logistics – Australia and New Zealand at FP Marine Risks says: “FP Marine Risks and EDI Cargo Cover fit perfectly together, both in terms of our marine specialism and the scope of service we offer online and by more traditional means. We are very excited to be joining a Lloyd’s broker that can provide our clients with the full range of international marine insurance services.”
Peter Sandall, General Manager of Australia and New Zealand, agrees: “We are in the enviable position of being able to offer freight forwarders and traders in Australia direct access to the Lloyd’s insurance market, whilst still offering the unique services of a specialist marine insurance broker on home ground.”
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