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RSA - Pleasure Craft Insurance

At Royal & SunAlliance, Yachtworks is our suite of products designed for pleasure crafts. It includes:

Simply P&I - a Value-Oriented Liability PolicySimply P&I offers the customer an alternative to the standard "All Risk" type policies for which they must purchase both physical damage and liability coverage. Available at a considerably lower cost, Simply P&I includes $2million Protection & Indemnity liability plus extras such as Wreck Removal coverage in a value conscious package.

First Mate - an All Risk Agreed Value Replacement Cost (AVRC) PolicyThe First Mate program is the entire pleasure craft insurance package, being both a broker quoting system and comprehensive AVRC All Risk yacht policy. For qualifying customers, First Mate includes all of our standard policy coverages, plus has optional deductibles, extra coverages, and higher liability limits available.

Complete - a Custom-Tailored All Risk PolicyYachtworks Complete is just that, the complete yacht insurance policy. Based on our comprehensive AVRC All Risk wording, it can be customized to suit virtually everyone's yacht insurance needs. Complete is available to a wide range of yachts, whether powered by motor or sail.

Lakestar - our Premium All Risk Policy for Higher-Valued YachtsLakestar is the answer to how you improve on an already great insurance policy. It is an AVRC All Risk wording, plus many extra coverages and enhancements included in one premium package. Designed to suit the needs of higher valued yachts, Lakestar also provides optional coverages not seen in other wordings to qualifying customers such as extended navigation, replacement cost protection, and 1st claim free.

Advantage - an All Risk Policy Tailored to Performance Class Boats.Finding an insurance policy for higher powered or performance vessels is not easy, so Advantage is the solution. Advantage is based on our AVRC All Risk form, and has been modified to recognize the unique nature of this class of power craft.

The information on this website is intended for promotional purposes and is not an insurance policy. It is not an offer of insurance. It contains some information about coverage offered by Royal & SunAlliance but does not list all the conditions and exclusions which apply to described coverage. The actual wording of the policy and local law govern all situations. The products and coverage described may not be available in all jurisdictions, and are subject to change. Please speak with your broker who can provide details on the products and services best suited to your needs.

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RSA launches Superyacht practice

Date: 2 May 2023

[London, United Kingdom] 

RSA Insurance has today announced that it is to expand its market-leading marine offering and launch a new Superyacht practice.

The new practice will provide comprehensive cover for owners of superyachts, focusing on the larger end of the market, which is traditionally professionally skippered and crewed, and will be led by Emily Grew, who will join as a Senior Yacht Underwriter in July. Mrs Grew will report to Calvin Gray, London Market Marine Director.

Superyacht ownership has grown significantly in recent years, with purchases of luxury vessels (longer than 30m) increasing by more than 8 per cent in the first nine months of 2021, compared with the same period in 2019, according to industry publication The Superyacht Group .

Although data from superyacht market intelligence, BOATPro found a 20 per cent decrease in the total value of superyachts sold in 2022, this still represented an exceptional year for the market, which was up by 50 per cent in comparison to 2019 and nearly 80 per cent on 2020 figures.

Mrs Grew has more than 15 years’ experience in insurance, the majority of this as a yacht specialist. She started her career in insurance broking and has worked for AIG, Miller Insurance Services, JLT Specialty and CRS Yachts. She moved to Chubb in 2019 as a Yacht Underwriter and is currently a Senior Yacht Underwriter. During her time with Chubb, she was responsible for establishing and building out the company’s London Yacht Practice.

Calvin Gray, London Market Marine Director said:

“We continue to look for opportunities in the market where we can build pockets of lead or niche expertise, which can deliver a longer-term return for us as a business. The Superyacht market has been through significant remediation over the past four years, and this represents a good opportunity for us to enter the market.

“Through our market and competitor analysis, we believe that with our global capability there is an opportunity to bring a lead offering to the market and build a unique proposition with technical capability and expertise at its core.

“I’m really pleased Emily has joined us to lead the new practice. Once we decided this was an area we were going to expand into, there was only one person we wanted to build our offering. Her expertise in this area is unrivalled and she has a great reputation in the market.”

Oliver Hibberd, Senior PR Manager

Tel:+44 (0) 7917 052 467

Email: [email protected]

Notes to editors

About RSA Insurance

RSA Insurance is a multinational insurance group. We are one of the world’s oldest general insurers, providing peace of mind to individuals and protecting small businesses and large organisations from uncertainty. We use our capabilities to anticipate and improve outcomes for customers via our direct channel, our broker relationships or partner organisations. We have established businesses in the UK, Ireland and continental Europe. In 2021, the former RSA Group Plc came under new ownership and is now a wholly-owned subsidiary of Intact Financial Corporation.

For more information about RSA Insurance, please visit www.rsainsurance.co.uk .

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39’ Walkaround from Saunders and Maverick Yachts Costa Rica

Saunders and Maverick Yachts Costa Rica Partner to Build Sport Fishing Yachts in the U.S.

Quality Service, Integrity, and Hard Work. That’s what gets us out of bed every morning. And it’s what keep our customers coming back.

Since 1959, Saunders has established the standard for the boating industry. Today we continue to expand that tradition of excellence in Gulf Shores, Orange Beach, and beyond. Whether you’re preparing for your next adventure, in need of major repair, or seeking the security of professional maintenance, Saunders Yachtworks is committed to you and the craft.

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YACHT WORKS KEY LARGO

Yacht Works Key Largo…changing lives and lifestyles one boat at a time. Welcome boaters to the fabulous Florida Keys, the sport fishing capital of the world.

In 2016 Yacht Works acquired the Boats Direct location at MM98.1. As a result, Yacht Works now owns a strategic, high visibility position between both northbound and southbound US1. Certainly one of the best boat sales locations in the Keys! Most noteworthy is the easy road access for our customers coming north or south.

Yacht Works Key Largo features the entire selection of Everglades, Regulator Marine and True North brands. Everglades, Regulator and represent the finest luxury fishing boats available today. When you are eighty miles offshore, it’s all about the ride and comfort and all of these brands deliver both ride and luxury.  The new Everglades 395cc offers next-level luxury combined with hardcore fishability…you really must see this boat. Everglades Boats are built from 23′ to 43′. Everglades is continuing its march of innovation introducing the 285cc and new for this fall, the 315cc which is sure to be a game changer. These offshore series boats will feature many of the options and innovations that were first introduced on the 395cc.

Regulator, in contrast, has built its first in a series of new cross-over boats built for any adventure called the XO series. Currently the XO’s consist of 24 and 26′ and the newest and most advanced hybrid boat built to date the 30XO. The 30XO is the first Regulator hybrid to incorporate an upper station as an option. The 26XO will also offer an optional upper station.   Also new is the 37 center console. This boat features amazing luxury and cutting edge technology combine with Regulator’s most fishable cockpit to date. The new Yamaha Helm Master EX is available on most models. Regulator Marine offers boats from 23′ to 41′.

Yacht Works is introducing True North Yachts…an outboard powered, downeast style yacht that will go anywhere in all weather comfort, providing overnight accommodations in a spacious and well designed interior. The True North 34 Outboard Express will features two zones of air-conditioning as well as an optional diesel heater for our up north friends. Seakeeper, Zipwake Trim Control and a bow thruster are all options that will make this yacht easy to to run, dock and cruise. True North currently is offering both 34 and 39 Outboard Express models.

Yacht Works Key Largo excels at service after the sale. Our experienced service team shines at providing consistent knowledge and expertise. Our on-site service facility allows us to do all our own rigging in the house. Yacht Works is a Yamaha 5 Star Gold dealer and our techs are Factory Trained for all that is Yamaha. Other noteworthy certifications are Yamaha Helm Master, Optimus Steering Systems, Garmin and Power Pole among others. We order and stock trailers from Rock & Roll and AmeraTrail. We are now offering Seakeeper Anti-Roll Gyro’s as an installation option as well.

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