SafeWaters Underwriting Managers Expands Capacity with A+ Carrier for Yacht Insurance
October 31, 2017, Fort Lauderdale, FL – SafeWaters Underwriting Managers (SafeWaters) announced today their expanded capacity for Yacht Insurance with Everest National Insurance Company, an A.M. Best A+ rated carrier within the group of Everest Insurance® companies. SafeWaters provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million.
Commenting on this expanded coverage, Jorge Pecci, CEO of SafeWaters, said, “We are very excited about our new agreement with Everest National. We both focus on technical underwriting expertise and specialized claims service with a forward-looking attitude placing our customers always as the focal point. At SafeWaters, we are thrilled to be able to provide higher limits with this strong financial capacity behind us.”
Brian Drum, Head of Everest Underwriting Partners, a unit of Everest Insurance® added, “We are delighted to have established this new partnership working with SafeWaters to meet the insurance needs of the Yacht Insurance customers.”
“Together we’re looking forward to a long-term relationship that provides yacht owners with the highest quality coverage and service available in the market,” explained Ray Stahl, EVP and Head of Yachts for SafeWaters.
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About SafeWaters Underwriting Managers
SafeWaters specializes in yacht insurance solutions, providing yacht owners with tailor-made global products and local service. SafeWaters provides, through Smooth Waters, dedicated marine claims and consultancy services and works with customers to minimize the chances of a loss. SafeWaters collaborates directly with leading specialist agents and brokers in the marine market to bring together the most knowledgeable team to best serve the customer. www.safewatersmarine.com
SafeWaters Underwriting Managers is a series of RSG Underwriting Managers, LLC (RSGUM). RSGUM is a Delaware series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through brokers and agents. In California: RSG Insurance Services, LLC, Lic. #0E50879. www.ryansg.com/RSGUM
About Everest Insurance®
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest Reinsurance Company (Ireland), dac. provides reinsurance to non-life insurers in Europe. Everest Insurance® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non-admitted basis in the U.S. and internationally. The Company also operates within the Lloyd’s insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors that provide reinsurance for property catastrophe risks. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestregroup.com.