Trident Marine Managers to provide Workers’ Compensation coverage through a strategic initiative with Signal Mutual
July 1, 2019, HOUSTON, TX – Trident Marine Managers (TMM), a leading specialty marine and offshore energy company and a part of Ryan Specialty Group (RSG), is pleased to announce a strategic initiative with Signal Mutual, the country’s largest provider of Longshore and Harbor Workers’ Compensation Act benefits, in collaboration with Charles Taylor, its manager. TMM will now offer Signal Mutual’s SafeShore Longshore workers’ compensation program to waterfront employers based in Texas and Louisiana, adding to their list of coverage solutions.
The SafeShore Longshore workers’ compensation program, launched in 2014, is backed by Signal Mutual Indemnity Association Ltd. and provides protection from uninsured subcontractors and workers’ compensation cover to smaller waterfront employers with limited exposures. Today, Signal Mutual’s Safeshore program has over 200 covered employers, representing more than $75 million in company payrolls.
Commenting on the new offering, Martin Hayes, Managing Director of Trident Marine Managers, said, “We’re excited by the opportunity offered through our excellent relationship with Richard Wood and his Signal colleagues. To have the backing of Signal in this space is outstanding, and we look forward to a long and fruitful relationship for both parties.”
“The collaboration with TMM will provide access to SafeShore for prospective employers in Texas and Louisiana that meet Signal Mutual’s eligibility standards while driving growth to benefit our membership,” stated Richard W. Wood, President, and CEO of Charles Taylor Management Services, Americas. “SafeShore provides full statutory Longshore workers’ compensation coverage backed by the significant financial strength of Signal Mutual with support from the most experienced Longshore adjusters in the industry.”
Please contact Trident Marine Managers at +1 281-440-6222 or visit tridentmm.com.
Trident Marine Managers
Trident Marine Managers is a leading specialty marine and offshore energy Managing General Underwriter dedicated to serving the insurance needs of the maritime industry in the United States for over 35 years. Trident is a full-service MGU with a consistent track record for growth and profitability. Trident offers nationwide coverages distributed through agents and brokers with a focus on marine and energy operations in the Gulf of Mexico. www.tridentmm.com
About Signal Mutual Indemnity Association
Signal Mutual Indemnity Association Ltd. was established in 1986 to meet the demands of the stevedoring industry for reasonable and stable workers’ compensation insurance rates and quickly became the premier Longshore mutual in the U.S. Association membership is comprised of a broad range of employers throughout the country in the stevedoring, ship repair, marine construction and offshore industries with combined reported payrolls of nearly $4.4 billion, representing over 250 companies.
Signal Administration is the manager of Signal Mutual Indemnity Association and is a member of the Charles Taylor Group of companies. Signal Administration delivers end-to-end management services to the Association, including membership selection, underwriting, safety resources, claims management, regulatory requirement compliance and financial management. For more information, please visit: www.signalmutual.com