Latest news about marine insurance providers, marine insurance claims and what sailors and boat owners need to think about when buying marine insurance.
British boat insurance provider Haven Knox-Johnston is introducing its new marine business unit, incorporating sister brands Haven Knox-Johnston Commercial and Haven Knox-Johnston Specialist, at the upcoming Southampton International Boat Show (15-24 September 2023). “The Southampton Boat Show is the perfect platform to introduce our exciting new marine business unit,” says Paul Knox-Johnson, marketing manager for […]
Plymouth-based marine insurance broker Curtis Marine has been acquired by the Howden Group to become part of its expanding marine practice, trading under the Haven Knox-Johnston name. Curtis Marine is a family-run business which has been providing marine insurance solutions to the South West region for the last 40 years, organising cover for a wide […]
A legal appeal in the USA, which centres around whether fire extinguishers not being re-certified should invalidate an insurance claim for a grounding, is pending adjudication before the US Supreme Court. In 2019, a yacht owned by Raiders Realty, based in Pennsylvania USA, ran aground and acquired at least $300,000 in damages. The yacht was […]
A-Plan Insurance has been awarded ‘Insurance Broker of the Year’ at the British Insurance Awards 2022. The firm is one of the largest specialist insurance distribution groups in the UK, with branches specialising in commercial marine insurance for the UK marine industry. A-Plan CEO Kelly Ogley picked up the award last week on behalf of […]
Owners of Hong Kong’s iconic Jumbo floating restaurant have confirmed they will not receive an insurance payout, following speculation about the circumstances in which the landmark capsized under tow. Last week, MIN reported how the colossal, multi-storey restaurant encountered “adverse conditions” on 18 June as it was passing the Xisha Islands, also known as the Paracel […]
Spotting a new trend, Andy Postle, MD and founder of the mast and rigging company Allspars, says his company has been losing some of its replacement mast quotes. Not many, given the quality and reputation of the company’s work, but enough to make Postle sit up and take notice of the trend. And it’s one […]
Ahoy!, the new digital insurance MGA for recreational boating, has launched a technology-driven insurance product for the boating industry. In partnership with Spinnaker Insurance Company, a national property and casualty insurer, and with backing from specialist reinsurers Greenlight Re and Topsail Re, Ahoy!’s insurance policies will be available directly and through agents, to boat owners in Michigan, Arizona, Ohio, Wisconsin, and Illinois, with plans […]
Shipping and marine insurer North P&I has agreed to merge with the Standard Club, after members backed plans to create a new global marine insurer. Both clubs held special general meetings on 27 May to approve the proposal to merge the two organisations into a single mutual insurer, NorthStandard. This gives the green light to establish NorthStandard […]
High Street Insurance Partners (HSIP) has acquired Maritime Insurance International, one of the largest marine-specific agencies in the USA. Headquartered in Charleston, South Carolina, Maritime Insurance International is a provider of boat, yacht and commercial marine insurance. It has four east coast offices positioned to serve coastal and lakefront communities across the USA. “We have a significant concentration […]
EPIC Insurance Brokers & Consultants has acquired Oversea Insurance Agency, trading as Oversea Yacht Insurance, based in San Diego and Fort Lauderdale. Founded in 1978, Oversea Yacht Insurance is in its fourth generation as an insurance agency specialising in recreational and commercial marine insurance. Oversea says it represents policy offerings with the premier carriers in the […]
Allianz Global Corporate & Specialty (AGCS) has launched a new online marine insurance service for UK leisure boat owners, in collaboration with ‘insurtech’ company Visicover. Visicover is a web-based service that lets customers buy their policy online, and also enables them to fully self-administer their cover via the site at a time that suits them. […]