A British underwriting concern said today it will offer marine reinsurance in the United States.

Wellington Underwriting plc said that its WU Inc. Marine Reinsurance will operate from an office in New Jersey and will underwrite treaty reinsurance through intermediaries on behalf of Wellington Syndicate 2020 at Lloyd's.

The carrier expects to start underwriting this fall and gross premiums are estimated to reach $30 million by next year.

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