Having recognized the global opportunity within the industry and using his extensive career expertise in marine insurance , Wolfe formed Marcato to address the burgeoning client and broker need for specialized technical underwriting solutions in the domestic marine and global project cargo space.
Wolfe said: “I’m incredibly proud to be launching Marcato Marine alongside this highly experienced and committed team. Together, we are building a dedicated marine offering for the future, backed by industry-leading underwriters with the know-how and authority to make key decisions.
“There is a wealth of unrealized opportunity within the marine market and I look forward to re-connecting with our broker colleagues and building new and enduring relationships with those who may not be as familiar with marine insurance placements. Our team is always available to answer marine questions, no matter how general or technical, and we are committed to delivering the much needed marine solutions.”
Marcato will initially deliver the following products: Project Cargo, General Cargo, Hull and Protection & Indemnity (P&I), Marine General Liability, and Marine Excess Liability and plans to expand its offerings in the latter part of 2023 to include Inland Marine products.
Marcato will have the capacity to offer Project Cargo limits up to $147,500,000 (Project Cargo and DSU combined limit), and $20,000,000 for Cargo/Warehouse, Hull/P&I, and Marine Liabilities (Primary and Excess).
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