SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million.
According to Jorge Pecci, CEO of SafeWaters, the new agreement with Everest National allows SafeWaters to offer higher limits to yacht owners backed by strong financial capacity.
SafeWaters specializes in yacht insurance for yacht owners with global products and local service. SafeWaters, through Smooth Waters, provides dedicated marine claims and consultancy services.
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.