H. Elder Brown, Jr., President and Chief Executive Officer of FGH commented, "We have been able to continue our growth pattern during these tough market conditions principally due to our proven business model and discerning hiring practices. Our expanding platform and group of insurance professionals give us a clear advantage over our competition which is evident by our positive results."
The Lower Manhattan office is FGH's second location in New York and will compliment all of the groups existing product lines. "As our U.S. client base continues to grow it makes sense for us to expand our geographic footprint, improving proximity to our clients and providing better and more innovative services for years to come. Opening a flagship office in the heart of the largest marketplace in the world gives us the ability to do so," Brown says.
FGH's Manhattan office is located at 100 William Street, Suite 310, New York, NY 10038. This location is the group's Inland Marine Division and Excess Marine Liabilities hub and also includes key personnel across all product lines. FGH plans to add more positions in the near future.
About the Company:
Headquartered in Covington, Louisiana, Fidelis Group Holdings, LLC is a leading provider of primary, excess, cargo and inland marine insurance for hull and maritime liability coverages (P&I) for vessel owners, ship builders, terminal operators, fleet operators, stevedores, cargo handlers, marine contractors and a variety of other maritime insurance products. FGH provides underwriting, broker services, claims management and loss control assistance for its maritime clients. Established in 1971, the Company's subsidiary, Continental Underwriters, Ltd., (http://cultd.com/) also represents a number of highly rated marine insurers.