|[April 10, 2017]
U.S. Risk Announces Strategic Alliance with Aspen Insurance
U.S. Risk, LLC ("U.S. Risk") is pleased to announce a strategic alliance
with Aspen American Insurance Company ("Aspen Insurance"), a subsidiary
of Aspen Insurance Holdings Limited, to offer a specialty insurance
product designed for the marine industry which will provide
comprehensive coverage for vessel-assist towboat operators, pilot vessel
operators, sightseeing and dinner cruise charterers, passenger ferries
and water taxis. This coverage will be available on an admitted basis
across all 50 states.
Randall Goss, CEO of U.S. Risk, commented: "We are excited to announce
our partnership with Aspen Insurance, and to introduce a marine product
with unique enhancements and an innovative policy form to meet our
Patrick Hickey, Executive Vice President & Head of U.S. Marine, Aspen
Insurance, added: "This partnership allows us to jointly offer a custom
marine insurance solution for this particular segment of business. We
believe that the combination of Aspen Insurance's product offering and
U.S. Risk's scale and excellent customer service will be well received
in the market."
Abou U.S. Risk, LLC
U.S. Risk, LLC (www.usrisk.com)
is a leading international specialty lines underwriting manager and
wholesale broker headquartered in Dallas, Texas. Operating 16 domestic
and international branches, it offers a broad range of products and
services through its affiliate companies, which include U.S. Risk
Underwriters, U.S. Risk Brokers, U.S. Risk Financial Services, Oxford
Insurance Brokers, Ltd. (UK), James Hampden International Insurance
Brokers Ltd., (UK), Antarah FZE (UAE), and Abraxas Insurance A.G.
U.S. Risk was ranked the 5th largest wholesaler by Business
Insurance for 2016.
About Aspen Insurance Holdings Limited
Aspen provides insurance and reinsurance coverage to clients in various
domestic and global markets through wholly-owned subsidiaries and
offices in Australia, Bermuda, Canada, France, Germany, Ireland,
Singapore, Switzerland, the United Arab Emirates, the United Kingdom and
the United States. For the year ended December 31, 2016, Aspen reported
$12.1 billion in total assets, $5.3 billion in gross reserves, $3.6
billion in total shareholders' equity and $3.1 billion in gross written
premiums. Its operating subsidiaries have been assigned a rating of "A"
by Standard & Poor's Financial Services LLC ("S&P"), an "A"
("Excellent") by A.M. Best Company Inc. ("A.M. Best") and an "A2" by
Moody's Investors Service, Inc. ("Moody's").
Aspen American Insurance Company writes property, casualty and specialty
insurance in the United States on an admitted basis.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170410005305/en/
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