SafeWaters Underwriting Managers has entered a delegated authority underwriting agreement to provide the US and Latin American markets with an expanded insurance offering of ocean marine products, backed by Aspen Insurance.

Effective immediately, SafeWaters has expanded its marine offering to include cargo, including project cargo; hull and machinery; and marine liability coverage.

Pat Hickey, executive vice president and head of US marine at Aspen Insurance, said: "We look forward to a long-term collaboration that delivers tailor-made solutions to the ocean marine insurance buyer."