Validus Specialty, Eagle Ocean America to Offer Marine Vessel Operator Coverage

The Marine & Upstream Energy insurance team of Validus Specialty Underwriting Services, Inc. has partnered with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies, to offer new hull, liability and ancillary covers to serve U.S. vessel transportation risks.

Christian Platusich, SVP – head of Marine and Upstream Energy USA at Validus Specialty said the cover is available to fleets operating in the U.S. inland and coastal waters.

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. The admitted coverage with Validus is available in 48 states via the Stratford Insurance Company.

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.

Eagle Ocean America also offers claims handling, loss prevention, legal and related advisory services.

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.

Validus Specialty offers a range of E&S and admitted insurance products and operates on behalf of Western World Insurance Group and Talbot Underwriting Ltd., through Syndicate 1183.

It offers Lloyd’s paper and ‘A’ rated U.S. domestic excess & surplus lines and admitted paper through Western World insurance companies.

Topics USA Excess Surplus