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Aspen U.S. Insurance, a Hamilton, Bermuda-based unit of Aspen Insurance Holdings Ltd., will launch a railroad division at the end of November.
David Adamczyk, based in New York, will serve as executive vice president for rail. Previously, Mr. Adamczyk was president of the railroad department at Liberty International Underwriters.
“Dave has more than 30 years of experience in this specialty railroad market. His expertise is an excellent fit for Aspen's strategy and approach to the market, where deep knowledge is a foundational component to our underwriting,” Bob Rheel, president of Aspen U.S. Insurance, said Monday in a statement.
Aspen U.S. Insurance declined to comment on the details of the railroad division.
(Reuters) — U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials beginning Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator.