Arch Insurance Group, a division of Arch Capital Group Ltd., has entered into a marketing and servicing agreement with Eagle Ocean Services, Inc., a member of the Eagle Ocean Group of Companies.
Working in close cooperation, Arch and Eagle Ocean will respectively underwrite and provide marketing, claims handling and other services for the insurance of bluewater hulls on a worldwide basis.
The new facility will be based in New York and will offer a full range of hull and related insurance products for the global shipping industry.
Jay McGuire, managing director, Arch Insurance Group, recently joined Arch from the Navigators Management Company, Inc., to oversee the new operation.
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