This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Fidelis Group Holdings LLC Announces Additional Excess Marine Liability Capacity For The Maritime Industry

COVINGTON, La., Nov. 12, 2012 /PRNewswire/ --  Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., a leader in providing Marine Insurance coverages and services, announced today details of their new $25,000,000 Excess Marine Liability facility for the maritime industry.  The insurer for the program is Houston Casualty Company (NYSE:HCC) rated A+ by A.M. Best.  The program is designed to write excess marine liability insurance including Bumbershoot Liability excess of acceptable underlying insurers. 


"The addition of this new excess marine liability facility will further expand FGH's marine insurance capabilities by providing to the market responsible excess capacity underwriting with excellent security," explained H. Elder Brown, Jr., President and CEO of FGH. "As Continental continues to implement its strategy for growth throughout the maritime industry, we feel the addition of this class of business is timely given the need for serious market capacity with the very best market security," Brown noted.

Joseph Morency has been named senior manager of this new FGH division and will oversee the program.  Morency has vast experience underwriting and managing excess marine liabilities over his more than twenty years as a marine insurance underwriter.  He will operate from the company's Melville, New York offices.

"Having someone of the caliber of senior executive Joe Morency overseeing this program will ensure the highest degree of management for our company and our underwriting partners," Brown said. "Mr. Morency is a respected market leader with a tremendous wealth of underwriting knowledge and talent," Brown added.

Headquartered in Louisiana, Fidelis Group Holdings, LLC is a leading provider of primary and excess marine insurance for physical damage and liability (P&I) coverages for vessel owner's, ship builders, terminal operators, fleet operators, stevedore's, cargo handlers, inland marine, as well as, coverage for marine contractors.  Insurance can be arranged worldwide through FGH's various Fidelis subsidiaries.  FGH provides underwriting, broker services, claims management and loss control assistance for the maritime community.  Continental also represents a number of other highly rated marine insurers.  The company has offices in New Orleans and Covington, LA, Knoxville, TN, and Melville, NY.   Visit us online at

Contact: H. Elder Brown III985-898-5300 |

SOURCE Fidelis Group Holdings LLC; Continental Underwriters, Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs