Aspen U.S. Enters Recreational Marine Market
Aspen to distribute products through exclusive arrangement with Axiom Insurance Management.
Virtual Water Cooler, December 5, 2011
Aspen U.S. Insurance has entered the recreational marine insurance market, with a focus on marinas, yacht clubs, boat dealers, boat manufacturers and boat component manufacturers.
Aspen says it will distribute these products through an exclusive arrangement with Axiom Insurance Management Ltd., a specialty marine MGA and wholesaler located in Atlanta and founded in 1997.
As an established marine specialist, Axiom provides wholesale capabilities to the business model and the market as a whole. Axiom and Aspen's U.S. marine department will work in close partnership to ensure that service, underwriting, claims handling and loss control are all maintained to a high standard.
Aspen will offer property, inland marine, marine general liability, bumbershoot, ancillary hull, and protection and indemnity coverages. The primary emphasis will be on small to medium enterprise businesses throughout the continental United States, the company adds.
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