Great American, Avalon in customs bond deal
Great American Insurance Group's Ocean Marine Division, said it has entered into a strategic marketing relationship with Avalon Risk Management under which its Great American Alliance Insurance Co. subsidiary will underwrite international transportation and U.S. Customs bonds with Avalon.
Avalon writes more than 35 percent of all continuous bonds on file with U.S. Customs and Border Protection.
Avalon's program includes value-added services that customs brokers may pass onto importer clients. Services include access to “Web Merlin” which provides import activity reports free of charge under an importer's continuous bond.
