Validus backs Eagle Ocean facility

Validus Specialty Underwriting has announced a tie-up with
marine facility Eagle Ocean America.
The carrier will provide capacity for the protection and
indemnity (P&I) facility, which provides cover for fleets
operating in US inland and coastal waters.
Eagle Ocean America will offer fixed-cost P&I cover up to
$2mn and hull and machinery cover to the value of $10mn.
The facility is managed by Eagle Ocean Agencies, which writes
fixed premium P&I business and hull coverages on inland,