INLAND MARINE WHOLESALE aspen-insurance.com
WHY ASPEN Expertise: We are proud of the expertise and deep knowledge of our underwriters and claims teams. We empower our Business Line leaders, who are also Chief Underwriting Officers, for their specific lines. Integrated Underwriting & Claims Structure: Both our claims and underwriting teams collaborate on policy forms, proactively determining the right coverage and identifying claims management measures; the teams are co-located. Creative, Customized Solutions: Our appetite to handle the complex risk needs of clients is based upon our ability to tailor customized solutions to address those risks. Limited Distribution Network: Our specialty insurance products & customized solutions are an ideal fit for a select distribution network; aligning with distribution partners in this way allows for best-in-class client support. FINANCIAL RATINGS For the 12 months ended December 31, 2014, Aspen reported gross written premiums of $2.9 billion, and total assets of approximately $10.7 billion. Its operating subsidiaries have been assigned the following ratings: A.M. Best Rated A (Excellent) S&P Rated A (Strong) Moody s Rated A2 (Good) We offer products on an admitted basis through Aspen American Insurance Company and on a non-admitted basis through surplus line brokers, Aspen Specialty Insurance Company and Aspen Insurance UK Limited. PHILOSOPHY It s easy for you to do business with us. We listen. Our approach is clear and consistent and, with our sharply focused approach to underwriting, we meet agreed deadlines. Our policies are transparent, free from jargon and up-to-date with market developments. We take a sustainable, long-term approach to business by providing coverage on commercially viable terms, and by choosing our relationships with brokers and policyholders with care. The better we get to know you and your risk, the more flexible and innovative we can be with the insurance coverage we provide. INLAND MARINE Aspen Inland Marine has created a new unit designed exclusively for the Wholesale brokerage industry. We are committed to providing solutions for unique risks that may fall outside of traditional Inland Marine markets. Our underwriters have extensive experience and strive to provide consistent, flexible and responsive service.
STANDARD INLAND MARINE Of course not every risk in the wholesale distribution channel is high hazard, E&S business. We are happy to provide solutions for the more traditional Inland Marine exposures as well. These include but are not limited to: Builders Risk Ground-up projects of superior construction up to $100,000,000 Project specific or Master Builders Risk programs Installation Floaters Includes testing, equipment breakdown and delay in completion Contractors Equipment Schedules up to $50,000,000 Warehouse Legal Liability For public storage facilities with limits up to $25,000,000 Fine Arts, Museums and Exhibition Floaters Equipment Dealers Both sales and rental operations Electronic Data Processing Equipment (EDP) Bailee exposures Property of Others under a bailment agreement Programs and other affinity business EXCESS & SURPLUS Builders Risk Capacity of up to $5,000,000 for Wood Frame construction Includes structural and non-structural rehabilitation and renovation work Vacant buildings, historical preservations and other unique construction projects Participation on a primary, excess or quota-share basis Riggers Liability Up to $2,000,000 any one (1) lift Oil & Gas Equipment Servicing equipment and drill rigs with schedules up to $15,000,000 Crane Schedules Any one (1) unit up to $2,000,000 Rolling Stock Rail cars, locomotives and related railroad property Mining Equipment Surface and Strip Mining Excluding underground exposures Agricultural Equipment To include combines, harvesters and irrigation equipment Waterborne Equipment Up to $2,5000,000 per barge/$5,000,000 per occurrence Logistics Providers One (1) policy covering transit, warehousing and associated property risks Broadcasting Equipment Covering on towers, headend equipment and related software Storage tanks, MRI units, signs and other miscellaneous property Difference in Conditions (DIC)
CAPABILITIES High Hazard Natural Catastrophe capacity up to $5,000,000 Both Admitted and Non-Admitted paper Standard AAIS Inland Marine policy forms Territory includes all 50 states and Canada $20,000 minimum policy premium 17.5% commission The above are general descriptions of our appetite and product offerings. Please discuss specific capacity, terms and conditions with your local Underwriter. MARINE RELATED PROPERTY In conjunction with any of the classes listed, we have the ability to include Real and Personal Property, Stock and Time Element coverages under one package policy. The Commercial Output Program (COP) enables you to round out an account and provide your client with one policy to accommodate all Inland Marine and Property needs. EXCLUDED CLASSES Recycling Operations Logging Equipment Dealers Open Lot Motor Truck Cargo/Trip Transit Jewelers Block Furriers Block Piers, Wharves, Docks Construction of bridges, tunnels, dams, power generation and petrochemical facilities SUBMISSION REQUIREMENTS Complete ACORD application or equivalent Equipment Schedules and Statement of Values in Excel format Five (5) year hard copy loss runs LOSS CONTROL Regardless of the type of exposure, it is important to have a comprehensive risk management program in place to eliminate or reduce potential losses. Our loss control partnerships with Regional Reporting and York Risk Services provide access to their extensive national networks.the Loss Control survey provides a review and analysis of fire protection, site security, and other hazard identification.this valuable service is included at no additional charge to our valued partners. The information contained herein is for informational purposes only. Coverage may not be available in all jurisdictions and is subject to actual policy language. No representation is made with respect to coverage in any specific fact situation or circumstance. All products are written by insurance company affiliates of Aspen US Holdings, Inc. Coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. January 2016
CONTACT US Mike Griswold Vice President, Inland Marine T +1 312 239 1911 E mike.griswold@aspen-insurance.com 30 South Wacker Drive, Suite 1350 Chicago, IL 60606