Trafalgar Marine Notes Acquisition of INAMAR’s Wholesaling Business

June 9, 2003

Trafalgar Marine Insurance Services, Inc. recently purchased INAMAR Recreational Marine Insurance’s company-owned wholesale recreational marine insurance business, INAMAR Marine Marketing Specialists. Trafalgar Marine is an independently owned agency appointed with INAMAR and many other highly rated, national insurance carriers, offering access to their pleasure boat and compatible commercial marine insurance products.

“Our acquisition of INAMAR’s wholesaling business presents advantages to both Trafalgar Marine and its clients – by becoming independent we increase Trafalgar’s agility in the marketplace while further elevating the level of service provided to our customers,” said Cary Breese, president and owner of Trafalgar Marine.

Trafalgar Marine’s wholesaling operation serves generalist and smaller volume marine specialist agents nationwide by providing a wide range of marine insurance products for owners of pleasure boats and marine-related businesses. Offering its broker clientele marine products designed for all members of the recreational boating community, Trafalgar Marine’s marine specialists can arrange coverage for: Yachts, Small Boats, High Value Yachts and Sailboats, High Performance Vessels, Classic Boats and Select Charters, as well as for Marine Facilities such as marinas, boat dealers, yacht clubs and independent ship repairers.

Ray Stahl, president of INAMAR Recreational Marine Insurance, added that, “The sale of the wholesaling business will allow INAMAR to focus on its core operations, and now Trafalgar Marine will serve as one of our agents.”

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