ISC Is Pleased to Announce the Launching of Our Marine Division
ISC is excited to announce the formation of our new Marine Division, which will be headed by Kevin Wolfe and include John Kiernan and Marquam (“Marq”) Wolfe. We will be providing the following coverages.
General Cargo Coverage
ISC will offer up to a $20,000,000 limit per any one conveyance or warehouse for General Cargo insurance. This covers physical loss or damage to first-party goods in transit. It’s an “all-risk” policy, providing world-to-world coverage for all vehicle types, including inland transits by way of auto or rail (not limited to only water transits!). Coverage can also be extended to cover first-party goods in storage as well – often referred to as a “stockthroughput” or “STP.”
Project Cargo Coverage
ISC will offer $100,000,000+ per conveyance for this Project Cargo, a specialized highly-technical hybrid of the General Cargo policy that covers risks for large equipment/machinery and related cargo shipped to specific construction sites across the globe. This product line is often found when constructing wind/solar plants, oil and gas, mining, large-scale infrastructure projects, etc.
Hull and Protection & Indemnity
ISC will offer limits up to $5,000,000 for any one vessel and $1,000,000 for primary P&I Liability.
Provides coverage for physical damage to the vessel and third-party liability, including crew stemming from the vessel owner’s operation(s).
Marine General Liability Insurance
We will provide a $1,000,000 capacity limit on a primary basis for Marine General Liability coverage. Provides contractors involved in marine-related operations such as working on docks, piers, wharves, vessel, and other marine-related operations with protection against bodily injury and property damage claims arising from their marine activities.
Marine Excess Liability Insurance
Excess Marine insurance is basically an Umbrella policy for marine exposures and provides additional limits over the primary Liability policy. Our attachment point will begin in excess of $5,000,000 with limits up to $10,000,000 available.
Our Ocean Marine programs are available nationally, with Cargo and Project Cargo insurance offered on a worldwide basis.
About the Team
The ISC Marine Division collectively has over one hundred years of experience. Kevin has held various underwriting/management positions during his career, which began at Talbot, Bird & Co., Inc., a specialized NYC marine insurer, in the late 70’s. He has also worked for Eagle Star Insurance Co., Atlantic Mutual, Liberty International Underwriters, Beazley Insurance, Fireman’s Fund/Allianz, and Starr Marine in addition to opening and managing his own marine brokerage.
Kevin has been involved in various educational platforms for the Marine industry, including IMUA and AIMU, and teaches Marine Continuing Education courses for insurance professionals. He is widely recognized as a global expert in the Marine Project Cargo field. He has published numerous articles and is frequently sought for interviews by industry publications on this topic as well as being a guest speaker at Marine insurance events. He was inducted into the Insurance Hall of Fame in 2016.
John is a highly experienced underwriter, bringing with him more than forty years of underwriting. He has managed both national and global portfolios for some of the largest insurers in the industry. John’s technical expertise provides a valuable resource to ISC’s Marine team specifically in the HML arena for both brokers and assureds as well as a robust distribution web spanning multiple lines of business.
Marq’s fifteen-year career in the Ocean Marine insurance industry has been both as a broker and underwriter. He began at Allianz as Global Analyst for the Key Accounts Managers Team before moving into Project Cargo Underwriting. He later shifted to the brokerage side, where he spent ten years at Willis Towers Watson serving as a Cargo broker for the national producer network as well as the point person for all Private Equity, Merger/Acquisition cargo inquiries. Most recently, Marq returned to underwriting as the SVP of Marine Cargo at Beat Capital Partners USA. He will be handling ISC’s General Cargo, Project Cargo, and Inland Marine programs.