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US Risk has forged a strategic alliance with Aspen American Insurance Company, a subsidiary of Aspen Insurance Holdings, to offer a specialty insurance product designed for the marine industry.
The new product offers comprehensive coverage for vessel-assist towboat operators, pilot vessel operators, sightseeing and dinner cruise charterers, passenger ferries and water taxis. It will be available on an admitted basis across all 50 states.
“We are excited to announce our partnership with Aspen Insurance, and to introduce a marine product with unique enhancements and an innovative policy form to meet our customers’ needs,” said Randall Goss, CEO of US Risk.
Patrick Hickey, executive vice president & head of US marine, Aspen Insurance, added: “This partnership allows us to jointly offer a custom marine insurance solution for this particular segment of business. We believe that the combination of Aspen Insurance's product offering and US Risk's scale and excellent customer service will be well received in the market.”
Aspen American Insurance Company, Aspen Insurance, Marine, US Risk, North America