February 1, 2019

MSIG’s Inland Marine specialists focus on a broad range of railroad related property risks. Our underwriters have over 30 years’ experience providing unique solutions to the railroad industry, and we have both claims and risk engineering services dedicated to your business.  As an admitted carrier rated A+XV by AM Best (this rating applies to Mitsui Sumitomo Insurance Company of America and Mitsui Sumitomo Insurance USA Inc. – for the latest rating, access www.ambest.com), we are committed to being long term partners in the railroad property marketplace.


To give a little background on what railroad property insurance entails, we need to understand what “Rolling Stock” is. This is not to be confused with Cargo, Bill of Lading, or Goods in Transit.  “Rolling Stock”, according to the 1976 Nation-Wide Definition of Inland Marine, is an instrumentality of transportation. This would include Locomotives, Rail Cars, Rail Equipment, Hi-Rail Vehicles and all other related property used while on rails.  In addition to Rolling Stock, railroad policies can sometimes include other coverages such as track & road bed and ancillary real property.   Operations we entertain for rail property risks include:

  • Rail Car leasing operations
  • Railroad contractors that perform jobs on railroads (i.e. positive train control, maintenance, etc.)
  • Railroad equipment used by “non-railroad companies’ for the transportation of their goods. 
  • Energy companies that own rolling stock for the transport of oil and/or other commodities
  • Banks or financial institutions that have a financial interest / ownership in Rail Cars or equipment.
  • Short Line railroads
  • Light Rail passenger railroads
  • Class 1 railroads (Excess Basis Only)

With the ever-changing landscape in the railroad industry, MSIG’s value proposition is to provide financial strength, underwriting expertise, and service that exceeds customer’s expectations.     

MSIG insurers are subsidiaries of Mitsui Sumitomo Insurance Company, Limited, a member of MS & AD Insurance Group.  MSIG refers to the insurers underwriting coverage:  Mitsui Sumitomo Insurance Company of America; Mitsui Sumitomo Insurance USA Inc.; and MSIG Specialty Insurance USA Inc.  Not all insurers do business in all jurisdictions.  Actual coverage is subject to the language of the policies as issued.  The insurers are managed by Mitsui Sumitomo Marine Management (U.S.A.), Inc. with offices at 15 Independence Boulevard, P.O. Box 4602, Warren, NJ  07059-0602, USA.