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Beazley sets up US marine insurance platform

Specialist insurer Beazley Plc has set up a marine platform in the U.S.

The platform will initially focus on hull, protection, and indemnity and liability coverage for the marine and marine construction sectors. The products offered in the U.S. will be available on both admitted and non-admitted bases.

Beazley will write predominantly brown-water hull risks, with limits of up to $5 million, and marine liability risks, on both a primary and excess basis, with limits of up to $25 million. Risks will be written for Beazley Insurance Co. Inc.'s account, and in the case of non-admitted risks, for Beazley syndicates at Lloyd's.

Stephen Vivian, head of Beazley's U.S. marine focus group, intends to expand the underwriting team in 2018.