DA Strategy, which is an MGA incubator and delegated authority specialist, has partnered maritime technology firm Ceto to help it launch its Lloyd’s backed marine MGA. This included guiding it through the Lloyd’s Coverholder approval process and helping it to create the required operational, governance and regulatory framework ahead of launch.

Charles Rowley, CEO of DA Strategy, said: “Ceto is a great example of the next generation of MGA – bringing technology and real-time operational insight to bring a genuinely differentiated proposition to the marine market.

“Our role at DA Strategy was to support the team through the regulatory approval process and help establish the operational, governance and business planning framework needed to launch successfully as a Lloyd’s Coverholder. That allowed the Ceto team to stay focused on developing the underwriting proposition aligned with the technology that makes the business so innovative.”

Tony Holdrew, CEO of Ceto, added: “For decades, marine hull underwriting has relied heavily on static snapshots such as vessel age, periodic surveys and historic claims data. By combining underwriting expertise with continuous machinery monitoring and predictive analytics, we can help insurers and shipowners make more informed decisions based on how vessels are actually operating in real time.”