Allied World U.S. and the Capacity Marine Corporation have entered into an agreement to provide a Marine General Liability (MGL) program. The program is designed to insure risks which are not often covered by traditional property/casualty insurance policies and may not be covered by industry-specific marine policies.
Grace Meek, Senior Vice President, U.S. Programs commented, “We are pleased to join forces with the Capacity Marine Corporation on this program that provides our brokers and clients with exceptional coverage and service from a respected market leader. This program will enable us to become the market of choice for discerning buyers of marine general liability coverage. We have faith in the Capacity Marine Corporation and look forward to building this unique book of business.”
Robert Lull, Capacity Group’s C.E.O., states “We are confident our relationship with Allied World will be a mutually beneficial one.” Walter Wynne, President of Capacity Marine, agrees by stating “With Allied World’s creative, dynamic underwriting team, we believe we will be able to offer superior products and services to our network of brokers.”
Target risks may include: Stevedores, Wharfingers, Terminal Operators and Ship Repairers. The Capacity Marine Corporation developed their MGL program seven years ago and is available to brokers and clients in the U.S.
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