marine insurance

VesselsValue partners with Concirrus

Online ship valuation and data provider VesselsValue has a formed a new data partnership with Concirrus, a company that serves the insurance market with a number of data and analytical services. The

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New specialty marine insurance available

APRIL 10, 2017 — U.S. Risk, LLC has announce a strategic alliance with Aspen American Insurance Company, a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty insurance product designed for

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American P&I Club set to celebrate centenary

JANUARY 3, 2017 — Founded in New York nearly a century ago the American P&I Club has just published a book entitled “The American Club: A Centennial History.” Written by former Wall

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Marine insurer makes VP appointment

AUGUST 8, 2016 — Fidelis Group Holdings, LLC and subsidiary Continental Underwriters, Ltd, have hired John Kirchhofer as Vice President of the Marine Division. Headquartered in Covington, LA, Fidelis Group Holdings (FGH)

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Shipping losses decline slightly

MARCH 22, 2016 — According to the Allianz Global Corporate and Specialty Safety and Shipping Review 2016, the shipping industry saw the number of total losses remain stable during 2015, declining slightly

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American Club sets up Cyprus based hull insurer

The American Club says the investment will allow further expansion into the global hull & machinery segment, enabling it to offer high quality insurance services and innovative customer solutions.

American Hellenic will be a Cyprus-based and licensed, Solvency II compliant, wholly-owned American Club subsidiary. It will be managed from Piraeus, Cyprus and New York, utilizing the expertise of long-standing professionals in the marine insurance market and will be serviced through specialists in offices located in seven global shipping hubs with the ability to provide local market know-how and service to its customers, and to communicate in eleven languages.

The American Club will now be able to continue offering first class marine protection and indemnity cover while also, through American Hellenic, offering an expanded product line of marine insurance including hull & machinery, war risk, and mortgagee interest insurance.

The American Club’s Board voted unanimously for the initiative, which Chairman of the Board, Arnold Witte, called “an historic moment in the club’s long history.”

He noted that it was “sparked by the idea of Board member Angelos Kostakos” and was a unique opportunity to prudently expand the club’s market footprint.”

“American Hellenic is an investment in the American Club’s future and is yet a further step in expanding and diversifying the club’s product line,” said Vincent Solarino, President and COO of Shipowners Claims Bureau, Inc., managers of the American Club. “It is part of the club’s overarching plan to significantly increase its revenue across a growing range of product lines, its tonnage across all lines, andexpand its market presence, while increasing its S&P rating.”

Joe Hughes, Chairman and CEO of the American Club’s Managers, said: “This is one of the most significant developments in the American Club’s recent history. The transaction proceeded with the close and active cooperation of the Board of Directors of the American Club. I am certain that American Hellenic will prove to be a powerful force of growing energy within the international marine insurance industry.”

 

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Marine insurer opens Manhattan flagship office

JUNE 23, 2015 — Covington, LA, headquartered Fidelis Group Holdings and its subsudiary Continental Underwriters, Ltd. (CUL), a national marine insurance coverage and service specialist have opened a new flagship office located

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Insurer launches new Inland Marine division

AUGUST 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