Witt O’Brien’s Announces the Launch of Seassurance Ltd.
FOR IMMEDIATE RELEASE
May 22, 2014 / PR Newswire / -- Witt O’Brien’s today announced the launch of Seassurance Ltd, a wholly owned subsidiary specializing in insurance-related marine transportation compliance products and services. The Company provides Certificate of Financial Responsibility (COFR) guarantees and International Carrier Bonds (ICB) for vessels visiting the United States and/or Canadian Ports. Seassurance is fully authorized by the United States Coast Guard.
“The COFR and ICB products delivered by Seassurance complement the suite of compliance products provided by Witt O’Brien’s. Our clients can now satisfy any or all statutory and regulatory requirements for their U.S.-bound vessels efficiently through a single source and single point of contact,” said Bob Anderson, Managing Director of Seassurance Ltd.
“We are excited about the combined services and one stop procurement and delivery Seassurance and Witt O’Brien’s will now offer for vessel owners and operators that will reduce overhead expenses, minimize time and resources, and improve overall efficiencies,” said Ken Burris, CEO of Witt O’Brien’s. “To further strengthen and enhance client efficiency, Seassurance will take advantage of Witt O’Brien’s proprietary technology solutions for vessel plan development and updates in the COFR and ICB processes.”
Incorporated and located in the British Virgin Islands, Seassurance Ltd. specializes in providing insurance-related marine transportation compliance products and services. The principal insurance products consist of guarantees to support Certificates of Financial Responsibility (COFR) and the provision of International Carrier Bonds (ICB). For more information about Seassurance, visit www.seassurance.com.
About Witt O’Brien’s
Witt O'Brien's is a global leader in risk management with the depth of experience and capability to provide services through the disaster and crisis life cycle. Witt O’Brien’s brings a new approach to the crisis and disaster industry by combining extensive real-world experience with innovative planning, training, exercise, and technology solutions focused on controlling the outcome. Witt O'Brien’s Vessel Services group provides full OPA 90 compliance services for ships calling U.S. ports. For more information about Witt O’Brien’s, visit www.wittobriens.com.
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