We are an international team of reputable, dedicated and knowledgeable marine insurers, proud of delivering high quality insurance products and consultancy services to the global shipping and logistics market.
Originally set up in London over 40 years ago we operate as one global team across three regional hubs in London, Shanghai, and Dubai. The name MECO is derived from Michael Else and Company Ltd.
Michael Else, who went to sea as a deck cadet and came ashore with a Master’s ticket in 1969, was instrumental in helping to found the company in 1974 with the creation of Transmarine, which is one of The MECO Group’s core brands.
The MECO Group is owned by key members of the current management team, which took ownership of the business in 2007. Our ethos is that of a professionally run and privately controlled company, whose interests are directly aligned with our clients, staff, and suppliers.
The MECO Group owns and controls Michael Else and Company Ltd, an insurance Managing General Agent (‘MGA’) approved and regulated by the UK Financial Conduct Authority. Michael Else and Company owns and manages the Group’s three marine insurance brands as an Underwriting Agent and has over 40 years’ experience in the sector.
Our clients benefit from innovative insurances with first-rate security and the commitment of a highly experienced team focused on helping them to identify and manage risk more effectively. We also provide consultancy services through our True North brand, which guides clients on the drafting of shipping contracts and the resolution of disputes.
From 1 January 2021 The MECO Group will continue to offer an EU solution through a partnership with JMM Insurance (Ireland) Limited, (JMMI). JMMI are similar to MECO as they are an established Underwriting Manager, that previously specialised is in commercial liability insurances and other non-marine Insurance products.
JMMI are authorised and regulated by the Central Bank of Ireland, in the same way that MECO in London are regulated by the Financial Conduct Authority.