Specialty insurance products and services provider AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU).
Image: AmWINS launches two new insurance companies. Photo: Courtesy of chuttersnap/Unsplash
Alex Rosas, executive vice president (EVP), will lead ASLU from Sunrise, Florida, while Mark Bernas, executive vice president and Keith Blair, executive vice president, will lead SMU from Houston, Texas and New York, respectively. Rosas, Bernas and Blair are industry veterans, with over 50 years of combined cargo, transit and ocean marine underwriting experience.
AmWINS CEO Scott Purviance said: “We are pleased to partner with Alex, Mark and Keith given their deep experience in the marine insurance segment. Their product knowledge and underwriting expertise is industry leading.”
ASLU provides a package insurance solution for freight forwarders and third-party logistics operators. ASLU’s product offering includes marine, cargo and transport liability. Logistics liability coverages include Shippers Interest Ocean Cargo, Shippers Interest Domestic Transit, Third-Party warehousing, Carriers Legal Liability, Freight Forwarders E&O, and Warehouse Legal Liability.
SMU offers marine and cargo insurance solutions, including global risk control, for clients including importers, exporters, manufacturers, and wholesalers. SMU’s product offering includes worldwide cargo/transit, global stock throughput (transit and inventory), project cargo, and excess storage on stock throughput programs.
These MGAs will become part of the Underwriting division of AmWINS, which specializes in offering retail agents an array of P&C programs for specialty product lines and industry classes.
Argonaut Insurance Company, a member of Argo Group International Holdings, Ltd., which is rated ‘A’ (Excellent) by A.M. Best, is providing the insurance capacity for both ASLU and SMU. The policies will be issued on admitted paper and will be offered nationally across all 50 states.
Source: Company Press Release