Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced its entrance into the railroad arena with up to $25 million in new capacity, which it said will provide “an additional market for a wide assortment of rail-related coverages.”
“Arch has put together an experienced team of insurance professionals who understand the risks confronting today’s railroad professionals,” said the announcement. The new unit will be headed by Sr. VP Robert J. Keller and VP David Adamczyk, with underwriting facilities in New York City and Owings Mills, Md.
“Arch is once again filling a shortage in capacity in a niche industry market,” indicated Elaine Trischetta, executive VP – Casualty. “Bob Keller and Dave Adamczyk possess the professionalism, creativity and experience that will enable Arch to meet the needs of our railroad customers,”
Keller commented: “We are a dedicated team who understand the risks confronting today’s railroad industry. Our team offers a full line of quality products and services from risk assessment to underwriting, first-rate claims handling and emergency response services.”
Arch said its product portfolio “includes coverage for rail operators, lessors, contractors, suppliers and service providers, with a focus on writing Primary Liability for Shortline Railroads, Excess placements on Commuter Railroads and Layered Freight Railroad Programs, plus Commercial General Liability for railroad suppliers and Railroad Protective Liability for other specific projects.
“Policies are available on a claims made basis, but occurrence-based coverage is also available. Coverage may vary from state to state.”
Topics New Markets
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