U.S. Risk, Aspen Insurance to Offer Specialty Marine Product

April 11, 2017

U.S. Risk, LLC has formed a strategic alliance with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty insurance product designed for the marine industry which will provide comprehensive coverage for vessel-assist towboat operators, pilot vessel operators, sightseeing and dinner cruise charterers, passenger ferries and water taxis.

This coverage will be available on an admitted basis across all 50 states.

According to Randall Goss, CEO of U.S. Risk, through the partnership with Aspen Insurance the new marine product with offer enhancements and an innovative policy form to meet customers’ needs.

U.S. Risk is an international specialty lines underwriting manager and wholesale broker headquartered in Dallas. Operating 16 domestic and international branches, it offers a range of products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Financial Services, Oxford Insurance Brokers, Ltd. (UK), James Hampden International Insurance Brokers Ltd., (UK), Antarah FZE (UAE), and Abraxas Insurance A.G. (Zurich, Liechtenstein).

Aspen provides insurance and reinsurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, France, Germany, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. Aspen American Insurance Company writes property, casualty and specialty insurance in the United States on an admitted basis.

Was this article valuable?

Here are more articles you may enjoy.