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RSG Underwriting Managers L.L.C., the managing general underwriting division of Ryan Specialty Group L.L.C., said Tuesday that Smooth Waters L.L.C. and National Cargo Bureau Inc. have entered into an engineering service agreement.
New York-based NCB is a nonprofit marine surveying organization that assists the U.S. Coast Guard with carrying out the provisions of the 1948 International Convention for the Safety of Life at Sea, according to its website.
As part of the agreement, NCB will support Smooth Waters with marine loss prevention and claims services for clients of the RSGUM marine practice group, including SafeWaters Underwriting Managers and Trident Marine Managers Inc., Chicago-based RSGUM said in a statement.
Smooth Waters is the marine claim adjusting affiliate of SafeWaters, a series of RSGUM and its Trident Marine Managers Inc. subsidiary.
Ryan Specialty Group L.L.C. on Monday said it has launched Latin America-focused managing general underwriter Capital Bay Underwriting Group L.L.C., which focuses on financial lines insurance and reinsurance lines for financial institutions and commercial entities.