SafeWaters Underwriting Managers has secured a delegated authority underwriting agreement with Nationwide to provide tailor made yacht insurance products.
Products will be written on National Casualty company paper, a Nationwide Company.
SafeWaters, a subsidiary of RSG Underwriting Managers, specializes in yacht insurance, providing yacht owners with tailor-made, global products and local service. Available in all 50 states, SafeWaters provides physical damage coverage and P&I for yachts up to $40 million.
According to Ray Stahl, SVP and head of Yachts for Safewaters, the company will work with Nationwide to develop additional capabilities for agents and customers.
Through sister Ryan Specialty Group company, Smooth Waters, SafeWaters provides dedicated marine claims and consultancy services and works with customers to minimize the chances of a loss. Page 2 of 2
Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance.
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