To expand Great American's Ocean Marine division in the international trade community
Great American Insurance Group’s Ocean Marine division is expanding its role in the international trade community through its strategic marketing relationship with Avalon Risk Management.
Under this partnership, Great American Alliance Insurance, a wholly-owned subsidiary of Great American Insurance and member of the Great American Insurance Group of companies, will underwrite international transportation and US customs bonds with Avalon. Avalon writes more than 35% of all continuous bonds on file with US customs and border protection (CBP).
Avalon’s program services include access to Web Merlin technology, that imports activity reports free of charge under an importer’s continuous bond. These reports are component to managing a compliance program in areas such as tracking of bond sufficiency, managing customs data and volume, reviewing annual importation values, facilitating timely liquidation of entries by CBP, and providing penalty and mitigation management, said thecompany.