The scheme aims to help restore commercial shipping activity in the region by offering hull and machinery and cargo insurance.
Studer will succeed Martin South, who will move into an enterprise-wide role as CCO of Marsh.
This error led to inflated reports of the company's solvency to both regulators and the market.
The funding round was led by Index Ventures through its growth fund, with additional participation from Belfius, Greenoaks, Kaaf Investments and SH Capital.
