Ohio Century Surety Adds New Ocean Marine Line of Business

Columbus, Ohio-based Century Surety Co., a subsidiary of ProCentury Corp., announced today that it is adding a new line of business to serve the needs of the ocean marine market. According to their written statement, this line is consistent with other lines of business that Century underwrites. The new ocean marine line will focus on small businesses in underserved segments of the market that allow disciplined underwriting and risk selection.

Century will underwrite ocean cargo, including general and bulk liquid and dry commodities, marine contractors, ship repairers, terminal operators, charterers, and contractor and service vessels, and coverage highlights of the new offering will include: ocean cargo,
marine general liability for ship repairers, terminal operators, marina operators, wharfingers and stevedores, boat dealers, charterer’s legal liability, hull, and protection and indemnity.

Christopher J. Timm, president of Century Surety Company said, “As part of our planning process, we identified a market opportunity for specific niche products in the small to medium sized wet marine business. We are pleased that Mike Hartley, with over 19 years of marine underwriting and management experience, has joined our team to direct the development and execution of our strategy.”

The ocean marine program will be offered through Century’s national network of wholesale general agents and through brokers specializing in ocean marine business.

For more information or to obtain a quote, please contact Century Surety Company toll free at (800) 646-2469.

Source: Century Surety Company

Topics Ohio