Validus partners on vessel operator covers

Validus Specialty Underwriting Services Inc.’s marine and upstream energy insurance team said Thursday it is partnering with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies Inc.

The partnership allows New York-based Eagle Ocean America to offer new hull, liability and ancillary covers to serve U.S. vessel transportation risks, Validus said in a statement. Validus Specialty is a unit of Hamilton, Bermuda-based Validus Holdings Ltd.

Eagle Ocean America will provide fixed-cost protection and indemnity insurance up to $2 million and hull and machinery cover up to $10 million per risk. Eagle Ocean America can also arrange the coverage of excess marine liabilities, as well as comprehensive primary marine general liability, maritime employers’ liability and other related insurances underwritten by Validus Specialty.

Eagle Ocean America is a full-service marine insurance facility run by Eagle Ocean Agencies Inc., an affiliate of the managers of the American Club, an International Group mutual. Eagle Ocean America provides a comprehensive suite of claims handling, loss prevention and other professional services in the U.S. domestic market.