MN 100: Continental Underwriters, Ltd.
Chairman of the Board: H. Elder Brown, Jr.
The Company:
Continental Underwriters, Ltd. is a national, multiline firm for all types of marine coverage. The firm offers both admitted and non-admitted products in all 50 states, packaged in flexible, competitively priced insurance options with broad terms and conditions for even the most unusual, complex, and hard-to-place risks. Continental’s 45 years of success ensures that insured’s receive extensive access, tailor-made coverage, and a high level of expertise directly from experienced brokers and underwriters. Continental is part of the FGH family of companies.
The Case:
Founded in 1970, CUL has grown into the largest brown water Marine Insurance underwriting firm in the nation. With expanding product lines and market leading capacity, CUL provides clients with the very best service and security for the next generation to come. More recently, Elder Brown., Jr returned CUL to private ownership by purchasing CUL back from Houston Casualty Company in 2009. This year, the firm, through and with its parent company, Fidelis Group Holdings, has launched new and innovative programs for industry. These include a new ocean cargo division, as well as a Master Port Risk Program for the maritime industry. Specifically, The Master Port Risk Program provides commercial vessel owners, mortgagees and other interested parties a more economical way to insure their stacked equipment which is of the utmost importance during difficult economic periods. The new Master Port Risk Program is designed to provide Hull and Liability coverage for qualified vessels that are laid up and out of commission for an extended period of time. Under the program, insureds have the opportunity to remove their vessels from a navigating policy at a greatly reduced cost. As the offshore industry retrenches in a challenging climate, the new CUL options provide OSV operators with new tools to save money in a responsible fashion.
(As published in the August 2015 edition of Marine News - http://magazines.marinelink.com/Magazines/MaritimeNews)
