Validus Specialty partners with Eagle Ocean America, Announces new US Vessel Operator Cover

NEW YORK--(BUSINESS WIRE)-- The Marine & Upstream Energy insurance team of Validus Specialty Underwriting Services, Inc. (“Validus Specialty”) today announced a partnership with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies.

The partnership allows Eagle Ocean America to offer new hull, liability and ancillary covers to serve U.S. vessel transportation risks.

“With this cover, fleets operating in the U.S. 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 A.M. Best ‘A’ (Excellent) ratings. Our brokers and clients will enjoy our responsiveness and Validus’ financial strength.”

The offering will provide P&I (liability) and hull and machinery cover principally 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.

Cover and Limits

Eagle Ocean America will provide fixed-cost P&I (liability) insurance up to $2 million and Hull and Machinery cover up to $10 million per risk. Cover is available on a variety of standard industry forms for both hull and liability. Eagle Ocean America can also arrange the coverage of excess marine liabilities, as well as comprehensive primary marine general liability, maritime employers’ liability (MEL) and other related insurances underwritten by Validus Specialty. Guidance as to the parameters of each cover is available on request.

Claims and Other Services

Eagle Ocean America is committed to providing an unsurpassed level of service. It is dedicated to the most timely and effective responses to the needs of its clients and their brokers, supported by exceptional claims handling, loss prevention, legal and related advisory services.

Eagle Ocean America

Eagle Ocean America is a full service marine insurance facility run by Eagle Ocean Agencies, Inc., an affiliate of the managers of the American Club, an International Group mutual. Eagle Ocean America provides a comprehensive suite of claims handling, loss prevention and other professional services in the U.S. domestic market.

Learn more about Eagle Ocean America

Contact us at [email protected]

Learn more about the Validus Specialty Marine & Upstream Energy insurance team

Validus Specialty Underwriters

Validus Specialty offers a wide range of E&S and Admitted insurance solutions and operates on behalf of Western World Insurance Group and Talbot Underwriting Ltd., through Syndicate 1183.

With the flexibility of offering ‘A’ rated Lloyd’s paper and ‘A’ rated U.S. domestic excess & surplus lines and admitted paper through Western World insurance companies, Validus Specialty offers enhanced distribution access, excellent technical underwriting and claims management, and access to leading underwriting capacity.

About Validus Holdings, Ltd.

Validus Holdings, Ltd. (NYSE: VR) is a leading global provider of reinsurance, insurance, and asset management services. Validus companies maintain a worldwide presence with more than 1,000 employees in 17 offices. Learn more at validusholdings.com.

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Media Contacts

Investors:

Validus Holdings, Ltd.

[email protected]

+1-441-278-9000

Or

Media:

Brunswick Group

Charlotte Connerton / Mustafa Riffat
+1-212-333-3810

Source: Validus Holdings, Ltd.