yacht insurance News

IGI Launches Marine Trades Insurance Product in UK

International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across the UK. The addition of the Marine Trades product complements the company’s existing Ports & Terminals and Marine Liability portfolios. …

Miller Launches Quote and Bind Platform for Yacht Insurance

Miller Insurance Services LLP has launched a quote and bind platform called “Atlantic,” which aims to provide “a more sophisticated approach to the submission, placement and management of yacht policies.” Designed for intermediaries across the globe, Atlantic handles full binder, …

Aon Taps Willis Towers Watson’s Carpenter for Global Super Yacht Leader in London

Insurance broker Aon has appointed Emma Carpenter as global super yacht leader. She will join Aon in London in early March and will drive the development of Aon’s super yacht insurance broking business globally. Carpenter brings 17 years of experience …

SafeWaters Underwriting Managers to Underwrite Yacht Insurance with Nationwide

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 …

Markel International to Partner with Yacht Insurer Pantaenius

Markel International, the specialist insurer, will partner with Pantaenius GmbH, the European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients globally. Through offices across Europe, the U.S. and Australia, Pantaenius has …

Specialty Program Group Launches Flagship Marine Underwriters

Specialty Program Group LLC (SPG), an insurance holding company for specialty underwriting facilities, has launched Flagship Marine Underwriters, a new yacht and charter recreational marine underwriting facility. Based in Fort Lauderdale, Fla., Flagship specializes in global underwriting facilities for yacht, …

SafeWaters Underwriting Managers Adds Yacht Insurance Capacity Through Everest

SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million. According to Jorge Pecci, CEO of …

ArgoGlobal Appoints Montellier as Yacht Underwriter

ArgoGlobal announced the appointment of Karen Montellier as yacht underwriter. She takes up the role with immediate effect and will report to Michael Thompson, hull and yacht class underwriter. Montellier brings more than 25 years’ experience in the marine sector …

Brit Launches Lutine Yacht Consortium with Capacity of $250M

Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent Lloyd’s security to insure motor and sailing vessels …

Beazley Launches Pleasure Craft Cover on E-Trading Platform

Beazley, a specialist marine insurer, announced that its custom pleasure craft insurance is available to quote and bind via the myBeazley online risk platform. Beazley pleasure craft policies cover a wide range of vessels, from small boats to luxury yachts, …