November 18, 2015
XL Catlin, the official insurance partner of the America’s Cup, has expanded its appetite to insure yachts of all sizes. According to Richard DeSimone, chief underwriting officer of Marine in XL Catlin’s Americas region, the bringing together of the Catlin …
May 8, 2015
Novamar Insurance Group, Inc. has expanded its Novamar Offshore Yacht Insurance program. Yacht owners can now insure their vessels while cruising locally or around the world with an “A + rated” U.S. insurance company at competitive premiums. The Novamar Offshore …
March 10, 2015
The Norman-Spencer Agency, Inc.’s marine insurance services division has launched the TradeWinds Yacht Insurance Program. According to Paul Sexton, vice president of Norman-Spencer’s marine insurance services division, the addition of the new TradeWinds yacht program will drive Norman-Spencer’s growth in …
October 15, 2014
XL Group is adding a Kidnap, Ransom & Extortion Crisis (KRE) endorsement to its existing ShipShape and ShipShape Plus recreational marine insurance coverages, with limits up to $50 million. Under the new endorsement, yachts insured by ShipShape can choose liability …
August 29, 2014
GetMyBoat, a global peer-to-peer and boat rental and charter marketplace, has launched a global boat rental insurance product. Customized coverage is offered to boaters who book through the company or through any other service or platform. Policies can be purchased …
May 8, 2014
Ironshore’s personal lines unit now offers an endorsement option for personal watercraft coverage for high net worth insured homeowners. Ironshore’s watercraft program provides “all risk” coverage for watercraft, including jet skis and boats. Coverage can be obtained for multiple boats …
February 20, 2014
Ironshore Inc. is now covering high-end pleasure craft, yachts and mega yachts on a global basis. James G. Bishop, Jr., with more than 25 years experience in the maritime sector, has been named to lead the unit that will provide …
April 18, 2013
American Modern Insurance Group, a national specialty insurance carrier, has enhanced its yacht program in California and Washington, expanding coverage features in the base policy, repositioning endorsements as a way to increase limits, and lowering rates for experienced yacht owners. …
March 21, 2013
XXL Group’s North America Marine insurance business has launched a new suite of recreational marine coverages tailored to yacht owners called ShipShape. With limits up to $50 million, ShipShape provides a variety of recreational marine coverages including: Liability coverage that …
June 21, 2012
Chartis has introduced a suite of loss prevention services for yacht insurance clients within its U.S. Private Client Group. Claims experience on Private Client Group policies underwritten by Chartis insurers has shown that the most common cause of reported yacht …