Specialty risk coverage solutions provider RB Jones announced its Marine & Energy division acquired the Smart Cargo Insurance business from Corvus Insurance, a specialty insurance MGA.
This Ocean Cargo product offers a custom solution for temperature sensitive cargo such as food and pharmaceuticals. As part of the transaction, RB Jones will have exclusive access to underwrite cargo insurance policies through Skyward Specialty Insurance Group Inc.TM, a specialty property and casualty insurance company that provides capacity to the Marine Cargo industry.
This technology utilizes proprietary risk models built on a multitude of data points from cargo sensors to better inform underwriting, coverage, and rates. Additionally, the technology can be used to minimize or prevent cargo damage during transportation. The analysis and application of temperature stability data will assist RB Jones and its Marine Cargo clients in optimizing shipping methods and routes.
John Gambino, Underwriting Manager, Marine, RB Jones, leads the integration of the Corvus offering into the RB Jones portfolio alongside Engel. In addition, the company will welcome talent from Corvus to its Marine & Energy division as RB Jones associates. Zandra Brown joins as Head of Specialty Cargo and Kevin Kempf joins as Product Leader of Specialty Cargo.
Earlier this year, H.W. Kaufman Group rebranded Global Excess Partners as RB Jones Property, which was the first step in our long-term growth plan for the brand.