SafeWaters Underwriting Managers has expanded its marine offering to include Aspen Insurance-backed cargo, hull, machinery and marine liabilities cover.
Jorge Pecci, President and Chief Executive Officer (CEO) of SafeWaters, said; “with the support of Pat Hickey and his team at Aspen, we are bringing the capacity and strong security of one of the global leaders of specialty lines to our clients.
“Aspen’s sound underwriting and risk management principles, and their exceptional reputation in the marine sector will help to provide an expanded suite of coverage.”
Safewaters has introduced a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with a comprehensive insurance offering of Ocean Marine products; the firm will provide Cargo Coverage in the U.S. and Latin America, and Hull & Machinery and Marine Liabilities in Latin America.
Pat Hickey, Executive Vice President and Head of U.S. Marine, Aspen Insurance, commented; “the SafeWaters team has a proven track record of risk management and industry expertise. We look forward to a long-term collaboration that delivers tailor-made solutions to the Ocean Marine insurance buyer.”
“We are very excited about our new underwriting agreement with Aspen Insurance,” stated SafeWaters Cargo Insurance Senior Vice President, Jose Harfuch, he added “we both prioritize technical underwriting and focus on loss prevention services to help our customers manage their risk exposures more effectively. This new agreement puts Aspen’s strong financial ratings and deep marine industry knowledge to work with our marine underwriting expertise and specialized claims management experience.”
