22 March 2018Insurance

Validus and Eagle Ocean partner over US vessel cover

The marine and upstream energy insurance team of Validus Specialty Underwriting Services has partnered with Eagle Ocean America to launch a new cover for US vessel operators.

Through the partnership, Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies, will offer new hull, liability and ancillary covers to serve US vessel transportation risks.

It will provide P&I (liability) insurance up to $2 million, and hull and machinery cover principally up to $10 million per risk to operators of tugs and barges, work boats, crew boats, supply vessels, public entity vessels, research ships and other small craft, and those involved in marine contracting.

“With this cover, fleets operating in the US inland and coastal waters will have a service oriented, responsive provider in Eagle Ocean America,” said Christian Platusich, SVP – head of marine and upstream energy USA at Validus Specialty.

Joe Hughes, CEO of Eagle Ocean, added: “Validus Specialty offers impeccable admitted security in 48 states via the Stratford Insurance Company, with AM Best ‘A’ (Excellent) ratings. Our brokers and clients will enjoy our responsiveness and Validus’ financial strength.”

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