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Steamship Mutual opens up in Cyprus

With the UK set to leave the European Union, Steamship Mutual Europe has set up a new insurance company in Cyprus to service its clients all over Europe and started writing business.

Steamship Mutual said it was attracted to Cyprus because “of its clear commitment to the shipping sector and the effort which the government and its regulator have shown in providing a supportive, stable and transparent environment in which to operate”.

Rupert Harris, ceo, Steamship Mutual Europe,said: “Even though Steamship Mutual has had a long relationship with many shipowners in Cyprus, we have been overwhelmed by the warmth of welcome we have received from the whole Cyprus shipping sector, as we set up our new office in Limassol.

“We have put together a very strong team here who will certainly repay that welcome by providing a quality service to our clients and to the shipping community as a whole. We very much look forward to being part of Cyprus’ growing maritime business.”

At the office’s official opening and blessing, 6 October, Cyprus’ Shipping Deputy Minister, Vassilios Demetriades welcomed Steamship Mutual to Cyprus and stated: “The Cyprus shipping cluster is growing with the addition of top-quality shipping companies and associations offering shipping related services. Steamship Mutual is one of the largest and most diverse P&I Clubs in the world and its presence in Cyprus will make a positive contribution.”

The Steamship Mutual Group now has offices in London, Piraeus, Rio De Janeiro, Hong Kong, Singapore, Tokyo and Limassol.

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