SCHAUMBURG, Ill.–Property and casualty insurance provider Zurich’s Ron Mathewson, Assistant Vice President of the Railroad Specialty practice, met with Louis Lévesque, Canadian Deputy Minister of Transport, Infrastructure and Communities to discuss insuring railways, said a Zurich press release.
While precise details of the conversation were not released, Deputy Minister Lévesque was interested in hearing Zurich’s viewpoints on a variety of topics, including:· Capacity and appetite for insuring railways, in general, and shortlines, in particular;
– How recent incidents may have affected appetite and availability of insurance for carriers how perceptions could change going forward;
– Any observations about the shortline sector from an insurer’s perspective; and
– A comparison of Canada-US observations related to railway insurance coverage.
“Zurich has long offered innovative railroad insurance products in the U.S. and Canada, that provide comprehensive risk management services and guidance for a railway company to identify and mitigate risk to all stakeholders, including railway workers and surrounding communities,” said Ron Mathewson, Assistant Vice President of railroad casualty.
“We were honored that the Deputy-Minster recognized our expertise in this business and wanted to hear our thoughts on the trends and direction of the railway industry as a whole.”