New Insurer gets into Yacht and Mega Yacht Coverage

Ironshore Inc.states that it is now covering high-end pleasure craft, yachts and mega yachts on a global basis. James G. Bishop, Jr., has been named to lead the unit that will provide cover for boats, yachts, luxury yachts and mega yachts and support Ironshore’s Personal Lines business for high net worth insureds.

According to David Frediani, president of Ironshore International, the yacht insurance market has been challenged over the past several years because of the economic slowdown, the soft pace of growth in the recreational marine sector, and susceptibility related to heightened catastrophic risk exposures and the carrier believes this specialty sector presents potential growth opportunities.2006GroveSlamHelicopterOvi316

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