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DUPI Underwriting Agencies is a Managing General Agent (MGA) with underwriting authority of the following insurers:


Baloise Belgium

Baloise Belgium nv is a top 4 Non-Life insurer and market leader in Belgium in Marine and Transportation insurances. Baloise Belgium nv has an A+ rating (Stable Outlook) from S&P. Its 2020 Net Combined Ratio was 90.9% with a premium turnover of EUR 2 billion and pre-tax profits of EUR 229.6 million.



Lloyd’s is the world’s leading insurance market providing specialist insurance services to businesses in over 200 countries and territories. In 2020, Lloyd’s showed a GBP 35.5 billion gross premium income with pre-tax results aggregating to GBP 2.3 billion. Lloyd’s has an A+ rating from S&P, AA- from Fitch and A from A.M. Best.


Shipowners’ P&I Club

The Shipowners’ P&I Club insures more than 32,000 small and specialist vessels. With over 160 years of experience in P&I and Legal Cost insurances, this makes The Shipowners’ Club market leader in this segment. In 2020, its net combined ratio was 101% and earned premiums accounted for USD 207.2 million. The Shipowners’ Club has an A rating (Stable Outlook) from S&P.


Accredited Insurance (Europe) Limited (AIEL)

Accredited Insurance (Europe) Limited (AIEL) is the specialist non-life insurance company, servicing their clients and policyholders across Europe. AIEL is licensed to write all non-life classes of insurance in all EU member states and provides a distribution channel for reinsurers to Managing General Agents. AIEL has an A- rating (Excellent) from A.M. Best.


Argenta Holdings

Argenta Holdings Plc, owner of Argenta Syndicate Management (ASML), is a 100% subsidiary of Hannover Re. Argenta Syndicate 2121 is capitalized by Hannover Re and other third-party providers of capital. Argenta Syndicate 2121 has an A+ rating from S&P and an A rating from A.M. Best. Hannover Re (50.2% shareholder Talanx A.G.) is among the top 3 reinsurers worldwide with a gross premium of more than EUR 24 billion (2020) and excellent financial ratings (S&P AA- and A.M. Best A+).



AXIS is a global player with a reputation for strong underwriting, expertise and claims service. The company brings the sophistication of a top specialty insurer and global reinsurer and the agility of a firm with entrepreneurial roots. AXIS has an A+ rating from S&P and an A rating from A.M. Best. Gross written premiums accounted for USD 6.8 billion over 2020.


Navium Marine

Navium Marine is an underwriting agency (MGA) specialized in all aspects of Marine Insurances. The company has capacity of amongst others Fidelis Underwriting, that has an A- rating from S&P and A rating from AM Best, and is part of the Pine Walk Group.


Groupe SMA

Groupe SMA is a French mutual insurance group founded in 1859. The group has about 4000 employees, is based in Paris and has a premium turnover of EUR 2.6 billion. Groupe SMA has several branches in Europe, including Belgium, Spain and Portugal. SMA has a solvency ratio of 301% and a Fitch rating of A+ (with a stable outlook).