Top marine insurance broker Vittorio De Gaspari is to become a buyer with a move to the tanker and bulker owning Scorpio group.

De Gaspari parted company with leading protection-and-indemnity broker PL Ferrari in June with his future the subject of extensive speculation ever since.

TradeWinds understands he has been unable to overcome a non-compete agreement with PL Ferrari so sought a berth outside insurance broking.