Insurer launches new Inland Marine division

fidelisAUGUST 19, 2013 — Covington, La., headquartered Fidelis Group Holdings, LLC (FGH) has formed a new Inland Marine Division that will be based out of the New York office of its subsidiary Continental Underwriters, Ltd., a national marine insurance coverage and service specialist,

Ed Helfers and Lisa Uzzo have been named Managing Directors in charge of expanding the company's existing Inland Marine portfolio utilizing the company's national platform.

"We are excited to bring very senior, experienced talent into this new division of the company," said H. Elder Brown, Jr., FGH's Chairman and CEO. "Ed and Lisa are considered the absolute top market underwriters in the U.S. Their historical market results have been exceptional through their many years of service to the insurance industry."

The new division will be underwritten through FGH's established relationship with Houston Casualty Company, a subsidiary of HCC Insurance Holdings, Inc. (NYSE: HCC) rated A+ by A.M. Best. The group will underwrite a broad-based Inland Marine portfolio on a national level.

Mr. Helfers commented, "Being able to underwrite and oversee such an important part of the insurance industry utilizing the excellent security provided by Fidelis will allow us to maximize our extensive Inland Marine experience."

Fidelis Group Holdings, LLC is a leading provider of primary and excess marine insurance for hull and maritime liability coverages (P&I) for vessel owners, shipbuilders, terminal operators, fleet operators, stevedores, cargo handlers, marine contractors and a variety of other maritime insurance products. FGH provides underwriting, broker services, claims management and loss control assistance for its maritime clients. The company's subsidiary, Continental Underwriters, Ltd., also represents a number of highly rated marine insurers.

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