Falvey Announces New Pollution Insurance Division

MarineLink.com
Friday, April 19, 2013

Falvey Insurance Group has formed a new division, Safe Harbor Pollution Insurance.

Offering some of the broadest terms available in the commercial market, Safe Harbor's Global Vessel Pollution Policy provides comprehensive protection for any vessel, owner or operator. Veteran insurance professionals Russ Brown, Tony Gerone and Sean Quinn bring over 35 years of experience in underwriting marine pollution coverage to the new Long Island-based company.

"The establishment of Safe Harbor Pollution Insurance Company represents the realization of our longstanding vision to offer an unparalleled level of service to our marketplace," said principal Russ Brown.

"We are thrilled to have Russ, Tony and Sean join us and are confident in their ability to provide a superior underwriting product with exceptional service in the marine pollution liability market," said Falvey Insurance Group president Michael Falvey. "Safe Harbor is the first new substantial marine pollution insurance company on the market in a decade."

Starr Indemnity & Liability Company, an 'A Excellent' rated company by A.M. Best, will supply underwriting services to Safe Harbor. This  financial strength provides the peace of mind that claims will be settled fairly and swiftly. Safe Harbor is pleased to partner with Starr, a company that shares its vision for unsurpassed service and underwriting excellence.

Safe Harbor's business model offers one of the broadest policy forms, underwriting limits to meet its clients' needs. It also offers an industry-leading technology platform that will allow producers a live, real-time, 24-hour accessibility through their own gateway.

Safe Harbor's four different policies meet a variety of pollution insurance needs. The Marina Policy protects marina owners in the event of a spill from a vessel at their location, while the Shipyard Policy protects shipyards in case a spill happens to a vessel being built or repaired. The Non-Vessel Owner Policy provides coverage to a third party's legal liability in the event of a vessel discharge. All of these policies offer limits of $1 million or $5 million.

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

People & Company News

Aftermath of Scotland Independence Referendum: Platten Speculates

After the referendum debate on Scottish independence Guy Platten, Chief Executive Officer of the UK Chamber of Shipping has called for the divisions created by the campaign to be healed.

Impact of CITGO Oil Refineries Sale: Analysis

A sale of Venezuelan state oil company PDVSA’s Citgo refining assets could dramatically change crude oil flows: Poten & Partners consider the outcomes in their latest 'Tanker Opinion'.

MSC Award Two Time-Charter Contract Modifications

The US Department of Defense informs that Offshore Service Vessels, Inc., and Sealift, Inc., have each been awarded time charter option extensions by the US Navy's

Vessels

BMT Nigel Gee To Launch Project L3 at Monaco Yacht Show

BMT Nigel Gee, a subsidiary of the BMT Group, will be launching its latest innovative design, ‘Project L3’ at the Monaco Yacht Show. Building on Nigel Gee’s

Naming of M/V “SITC SHANDONG” at CSBC Shipyard

The Naming Ceremony of M/V “SITC SHANDONG” was held yesterday in Keelung Factory of CSBC Corporation, Taiwan, by SITC International Holdings Co., Ltd. (SITC International) and CSBC Corporation,

MSC Award Two Time-Charter Contract Modifications

The US Department of Defense informs that Offshore Service Vessels, Inc., and Sealift, Inc., have each been awarded time charter option extensions by the US Navy's

Insurance

XL Group Underwriters at IUMI Conference in Hong Kong

XL Group informs that its leading marine underwriters will join the annual International Union of Marine Insurance (IUMI) conference, the first time to be held

RRI Launch Marine Services J/V with a Trans-Atlantic Reach

Regional Reporting Inc. (RRI) and Global Risk Evaluations (GREvL) inform of the creation of a joint venture aimed at expanding their marine services offerings.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction 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: 0.1270 sec (8 req/sec)