SafeWaters Underwriting Managers expands marine offering backed by Aspen

Ryan Specialty Group-owned SafeWaters Underwriting Managers has expanded its marine offering, backed by Aspen Insurance, to include cargo, hull & machinery, and marine liabilities coverages in the US and Latin American markets.

This comes after SafeWaters struck a new delegated authority underwriting agreement with Aspen, as announced in a Feb. 13 statement.

SafeWaters CEO Jorge Pecci, said: “With the support of Pat Hickey and his team at Aspen, we are bringing the capacity and strong security of one of the global leaders of specialty lines to our clients. Aspen’s sound underwriting and risk management principles, and their exceptional reputation in the marine sector will help to provide an expanded suite of coverage.”

Pat Hickey, executive vice president and head of US marine, Aspen Insurance, commented: “The SafeWaters team has a proven track record of risk management and industry expertise. We look forward to a long-term collaboration that delivers tailor-made solutions to the Ocean Marine insurance buyer.”

SafeWaters cargo insurance senior vice president, Jose Harfuch, added: “We are very excited about our new underwriting agreement with Aspen Insurance. We both prioritize technical underwriting and focus on loss prevention services to help our customers manage their risk exposures more effectively. This new agreement puts Aspen’s strong financial ratings and deep marine industry knowledge to work with our marine underwriting expertise and specialized claims management experience.”

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