COVINGTON, La., Feb 4, 2015 /PRNewswire/ — Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd., a National Marine Insurance coverage and service leader, announced today the formation of its new Ocean Cargo Division. Doug Fischer and Crystal Prout were named Managing Directors of the division, utilizing the Company’s existing national platform. The new Ocean Cargo division will be based out of FGH’s Chicago, IL office.
H. Elder Brown, Jr., FGH’s President and Chief Executive Officer, said in a Company statement, “Our constant resolve is to provide our maritime clients with the very best industry professionals and products. The senior talent of Doug and Crystal bring tremendous expertise to our new Ocean Cargo division. With over forty-five years combined maritime experience, their underwriting knowledge and client focus complement our expanding portfolio of marine products.”
The new Ocean Cargo division will be underwritten through FGH’s long-standing relationship with Houston Casualty Company, a subsidiary of HCC Insurance Holdings, Inc. (NYSE: HCC) rated A+ (Superior) XV by A.M. Best. The FGH cargo group will underwrite a comprehensive Ocean Cargo portfolio on an international level.
Mr. Fischer commented, “The opportunity to join the FGH team was one in which we eagerly sought. The unparalleled caliber of security and excellence provided by Fidelis will allow us the platform to expand our underwriting experience for this crucial niche product.”
About the Company:
Headquartered in Covington, Louisiana, Fidelis Group Holdings, LLC is a leading provider of primary, excess, and inland marine insurance for hull and maritime liability coverages (P&I) for vessel owners, ship builders, terminal operators, fleet operators, stevedores, cargo handlers, marine contractors and a variety of other maritime insurance products. FGH provides underwriting, broker services, claims management and loss control assistance for its maritime clients. The Company’s subsidiary, Continental Underwriters, Ltd., also represents a number of highly rated marine insurers.