Mar 22, 2018
Validus Specialty partners with Eagle Ocean America, Announces new US Vessel Operator Cover
NEW YORK--(BUSINESS WIRE)--Mar. 22, 2018--
The Marine & Upstream Energy insurance team of Validus Specialty
Underwriting Services, Inc. (“Validus Specialty”) today announced a
partnership with Eagle Ocean America, a full-service insurance facility
operated by Eagle Ocean Agencies.
The partnership allows Eagle Ocean America to offer new hull, liability
and ancillary covers to serve U.S. vessel transportation risks.
“With this cover, fleets operating in the U.S. inland and coastal waters
will have a service oriented, responsive provider in Eagle Ocean
America,” said Christian Platusich, SVP – Head of Marine and Upstream
Energy USA at Validus Specialty.
Joe Hughes, CEO of Eagle Ocean added, “Validus Specialty offers
impeccable admitted security in 48 states via the Stratford Insurance
Company, with A.M. Best ‘A’ (Excellent) ratings. Our brokers and clients
will enjoy our responsiveness and Validus’ financial strength.”
The offering will provide P&I (liability) and hull and machinery cover
principally to operators of tugs and barges, work boats, crew boats,
supply vessels, public entity vessels, research ships and other small
craft, and those involved in marine contracting.
Cover and Limits
Eagle Ocean America will provide fixed-cost P&I (liability) insurance up
to $2 million and Hull and Machinery cover up to $10 million per risk.
Cover is available on a variety of standard industry forms for both hull
and liability. Eagle Ocean America can also arrange the coverage of
excess marine liabilities, as well as comprehensive primary marine
general liability, maritime employers’ liability (MEL) and other related
insurances underwritten by Validus Specialty. Guidance as to the
parameters of each cover is available on request.
Claims and Other Services
Eagle Ocean America is committed to providing an unsurpassed level of
service. It is dedicated to the most timely and effective responses to
the needs of its clients and their brokers, supported by exceptional
claims handling, loss prevention, legal and related advisory services.
Eagle Ocean America
Eagle Ocean America is a full service marine insurance facility run by
Eagle Ocean Agencies, Inc., an affiliate of the managers of the American
Club, an International Group mutual. Eagle Ocean America provides a
comprehensive suite of claims handling, loss prevention and other
professional services in the U.S. domestic market.
more about Eagle Ocean America
Contact us at firstname.lastname@example.org
Learn more about the Validus Specialty
Marine & Upstream
Energy insurance team
Validus Specialty Underwriters
Validus Specialty offers a wide range of E&S and Admitted insurance
solutions and operates on behalf of Western World Insurance Group and
Talbot Underwriting Ltd., through Syndicate 1183.
With the flexibility of offering ‘A’ rated Lloyd’s paper and ‘A’ rated
U.S. domestic excess & surplus lines and admitted paper through Western
World insurance companies, Validus Specialty offers enhanced
distribution access, excellent technical underwriting and claims
management, and access to leading underwriting capacity.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. (NYSE: VR) is a leading global provider of
reinsurance, insurance, and asset management services. Validus companies
maintain a worldwide presence with more than 1,000 employees in 17
offices. Learn more at validusholdings.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180322005171/en/
Source: Validus Holdings, Ltd.
Charlotte Connerton / Mustafa Riffat