Capacity Marine Corp. inks deal with Allied World Assurance Company, gets exclusive pen to underwrite Marine General Liability program nationwide

Mahwah, NJ, December 1, 2011: Capacity Marine Corp., a full-service marine insurance broker and intermediary located at One International Blvd, Mahwah, NJ, has signed an agreement to underwrite Marine General Liability (MGL) coverage in partnership with Allied World Assurance Company (U.S.) Inc., a member company of Allied World Assurance Company Holdings, AG.

Grace Meek, Allied World’s Senior Vice President of Programs, commented, “We are excited to team up with Capacity Marine to introduce our new Marine GL program to the market. This program provides our brokers and their clients with access to this valuable coverage, while expanding on Allied World’s traditional focus of specialty products in underserved markets.”

MGL insurance covers liability exposures unique to the marine trades, simplifying protection and covering difficult-to-insure perils. This insurance is available on a wholesale or retail basis, and is protected by the various state guarantee funds.

About Capacity Marine Corp.
Capacity Marine Corp., a member of the Capacity Group of Companies, is a leading underwriter of marine General Liability insurance. Since 1997, CMC has placed insurance for brokers worldwide on marine risks as varied as large hulls, world-to-world cargo, shipments to volatile locations (including Iraq and Afghanistan), and property in the Caribbean.

About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of offices and branches. All of Allied World’s rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor’s, and A2 by Moody’s, and our Lloyd’s Syndicate 2232 is rated A+ by Standard & Poor’s and Fitch. Please visit www.awac.com for further information on Allied World.

Inquiries should be directed to:

Walter O. Wynne
President, Capacity Marine Corp.
One International Blvd.
Mahwah, NJ 07495
Direct Phone: 201-661-2391
Direct Fax: 201-661-7852
E-mail: wwynne@capacitymarine.com