SafeWaters Underwriting Managers Announces Underwriting Agreement with Nationwide
December 17, 2019, FORT LAUDERDALE, FL – SafeWaters Underwriting Managers (“SafeWaters”) is pleased to announce a new delegated authority underwriting agreement with Nationwide®, a Fortune 100 Company and one of the largest insurance and financial services companies in the world with an AM Best’s rating of A+, XV, to provide tailor made Yacht insurance solutions. Products will be written on National Casualty company paper, a Nationwide Company. SafeWaters, a subsidiary of RSG Underwriting Managers, specializes in yacht insurance solutions, providing yacht owners with tailor-made, global products and local service. Available in all 50 states, SafeWaters provides physical damage coverage and P&I for yachts up to $40M.
“We are very encouraged about our new agreement with Nationwide,” said SafeWaters CEO, Jorge Pecci. “We both place our customers as the focal point with emphasis on providing exceptional products, specialized underwriting and claims services.”
“We look forward to working with Nationwide to develop additional capabilities for our agents and customers, and continue to provide positive results in a complex market.” Ray Stahl, SVP and Head of Yachts for SafeWaters.
Heather Schenker, VP Nationwide, said, “Nationwide is excited to work with SafeWaters Underwriting Managers to provide specialized insurance products to yacht owners. The combination of SafeWaters’ expertise along with Nationwide’s financial strength means customers can feel confident their assets are protected, now and into the future.”
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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 collaborates directly with leading specialist agents and brokers in the marine market to bring together the most knowledgeable team to best serve the customer. Through sister Ryan Specialty Group company, Smooth Waters, SafeWaters provides dedicated marine claims and consultancy services and works with customers to minimize the chances of a loss. Visit SafeWaters Underwriting Managers at 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. ©2019 Ryan Specialty Group, LLC. For more information on RSG Underwriting Managers, please visit www.rsgum.com.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.