providing $300 million fixed premium protection and indemnity cover for a large US tanker barge operator.

Houston-based Hollywood Marine carries crude oil and products in the US Gulf and intercoastal waterways.

The $300 million facility is said to have been negotiated with Lloyd's syndicates, member companies of the Institute of London Underwriters, and Bermuda's Ace and XL by Lloyd's broker Nicolls Pointing, part of the Jardine Insurance Broking group.