ocean marine coverage News

Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor

Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway. Russia and Ukraine signed a deal …

RB Jones Marine Adds Ocean Cargo Product, Hires Great American’s Gambino

RB Jones Marine, a business unit of H.W. Kaufman Group that focuses on the commercial marine and excess energy space, has launched an Ocean Cargo Stock Throughput Product in partnership with Atain Insurance Companies. RB Jones has also added John …

SafeWaters Forms Agreement with Aspen Insurance to Expand Ocean Marine Coverage

SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited. Effective immediately, SafeWaters will …

XL Catlin Launches Coverage for Marine Contractors

XL Catlin’s North America has launched a new product from its marine insurance business specifically designed for marine contractors in the U.S. The new XL Catlin’s marine contractor insurance includes insurance coverage protection for: • Hull and Protection & Indemnity …

Maritime Program Group Expands Into Additional Ocean Marine Classes

Maritime Program Group, Inc. of Westbrook, Conn., has expanded their ocean marine programs to include a new underwriting facility targeting commercial shipyards, terminal operators, ship repairers, stevedores, port authorities and wharfingers. Marine coverages can be offered stand-alone or packaged with …

Tokio Marine America, Continental Underwriters to Offer Hull, Marine Liability

Tokio Marine America (TMA), a commercial property and casualty insurer to large and middle-market companies and a subsidiary of Tokio Marine Holdings, is expanding its ocean marine offering to include hull and liability insurance. This new coverage will be offered …