Fidelis Offers Additional Marine Insurance Excess Cover

Press Release
Monday, November 12, 2012

Fidelis Group Holdings LLC offers a new US$25-million excess marine liability facility for the maritime industry.

Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., announce details of their new US$25,000,000 Excess Marine Liability facility for the maritime industry.  The insurer for the program is Houston Casualty Company rated A+ by A.M. Best.  The program is designed to write excess marine liability insurance including Bumbershoot Liability excess of acceptable underlying insurers.

"The addition of this new excess marine liability facility will further expand FGH's marine insurance capabilities by providing to the market responsible excess capacity underwriting with excellent security," explained H. Elder Brown, Jr., President and CEO of FGH. "As Continental continues to implement its strategy for growth throughout the maritime industry, we feel the addition of this class of business is timely given the need for serious market capacity with the very best market security," Brown noted.

Headquartered in Louisiana, Fidelis Group Holdings, LLC is a leading provider of primary and excess marine insurance for physical damage and liability (P&I) coverages for vessel owner's, ship builders, terminal operators, fleet operators, stevedore's, cargo handlers, inland marine, as well as, coverage for marine contractors.

Joseph Morency has been named senior manager of this new FGH division and will oversee the program.  Morency has vast experience underwriting and managing excess marine liabilities over his more than twenty years as a marine insurance underwriter.  He will operate from the company's Melville, New York offices.
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diana Shipping Announces $53.5m Drawdown

Diana Shipping Inc. announces signing and drawdown of a $53.5 million term loan facility with BNP Paribas; announces time charter contract for m/v Nirefs with Glencore   Diana Shipping Inc.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

Denmark Arrests Former OW Bunker Manager

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

Insurance

DSG Marine Asks Shipowners to Consider Fixed Premium P&I Cover

P&I Insurance Seminar for Owners and Charterers held in Mumbai DGS Marine, a global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I Facility,

US Obamacare Impacts the Global Marine Industry

The Affordable Care Act (ACA), otherwise known as Obamacare, the recent healthcare plan in the United States, is affecting the international superyacht industry,

Even 'Small' Vessels are Getting Bigger

The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2003 sec (5 req/sec)