Fidelis Group Holdings (FGH) through its subsidiary, Continental Underwriters, has introduced a new $25,000,000 Excess Marine Liability facility for the maritime industry.
To be offered by program insurer Houston Casualty Company (HCC), the program will write excess marine liability insurance, including Bumbershoot Liability excess of acceptable underlying insurers.
FGH president and CEO Elder Brown said, "The addition of this new excess marine liability facility will further expand FGH’s marine insurance capabilities by providing to the market responsible excess capacity underwriting with excellent security."
The company has also appointed Joseph Morency as senior manager of the new FGH division, and to manage the program.
Morency will operate from the company’s Melville, New York offices, and holds extensive experience in underwriting and managing excess marine liabilities.
FGH provides primary and excess marine insurance for physical damage and liability (P&I) coverages for vessel owner’s, ship builders, terminal operators, fleet operators, stevedore’s, cargo handlers, inland marine and marine contractors worldwide through its subsidiaries.