The experienced and knowledgeable team is based in Fort Lauderdale, Florida and has exclusive access to market leading programs in the US and UK.
First, our exclusive Sea Wave program is underwritten by Lloyds of London and specializes in mid-sized yachts that are based in Florida year round. This is our longest standing program and accommodates owners who do not reside where their vessels are moored (absentee owners), as well as older pedigree boats.
The second program for which our Wholesale Practice provides access to Risk Strategies offices is the SafeWaters program through RT Specialty. SafeWaters focuses on newer vessels that are based in Florida year-round or throughout the rest of the country. This Program offers extremely competitive pricing as well as comprehensive terms and conditions.
Third, we are one of just ten agents throughout the state of Florida that has access to and underwriting authority for Geico Insurance which targets boats ranging from $250,000 to $1,500,000 in value.
In addition to the exclusive relationships mentioned above, we can help with the most difficult to place accounts including boat and captain charter risks with Concept Special Risks. We also maintain a strong relationships with key markets such as Chubb, AIG, American Modern and Travelers/Travelers Luxury Yacht and other Lloyd’s backed yacht facilities. We have deep expertise and knowledge of large yacht business, and would be happy to provide direction or assistance with your submissions.
We typically focus on boats that have more than $100,000 in value and are 26 feet long which usually lends itself to a premium north of $3,000. That said, we are happy to assist you where we can.
Finally, we hope to announce a program with IAT backing in the coming weeks which will be geared toward center console and high performance boats.
We look forward to working with you on your Recreational Marine needs!