Axa XL-owned XL Insurance has started providing security for some of Quay Marine Insurance’s products including commercial hull, marine liability and cargo risk.

“We are honoured to be appointed as a coverholder ... This recognition reflects both the technical capability of our team and our deep understanding of the maritime sector,” Quay Marine director Chris McCall said.

He says the partnership will allow the Brisbane-based underwriting agency to offer “expanded capacity, enhanced risk solutions and the assurance of world-class security”.

The agency’s website says it also has binding authority from Thomas Miller P&I.