The mega yacht insurance industry will soon have another player, as Brit Insurance reveals they will be launching a specialist team to service the sector.
The new team will be lead by insurance industry veterans John Higham – a recent adition to Brit Insurance – and Mike Wimbridge. Together the pair have over 50 years of experience underwriting and broking yachts at Travellers, Chartis, Marsh and more.
They will also be working with senior claims adjuster Kevin Allmond, who has over 30 years experience in the yacht sector.
Asked what will set Brit Insurace apart from other insurers, Mr Higham said, “Our ability to underwrite risks valued in excess of USD100 million with the minimum of fuss and delay will become the hallmark of our service to brokers.
“I’m extremely confident we are well placed and have the appetite to become a major underwriter within the next 12 months providing all-risk coverage for mega yachts and their crews.”
The duo will service almost all areas of the world from emerging markets such as Brazil, India and Russia to the more established markets of Europe, US and the Middle East.
