RSA launches new Protection & Indemnity product

Protection & Indemnity start-up Lodestar Marine and marine insurer RSA have announced a new Fixed Premium P&I venture. RSA will supply capacity up to $100 million for Lodestar, in a deal that will allow Lodestar to begin quoting business straight away. Lodestar is also looking to provide further capacity up to $500 million in the near-term.