SafeWaters Underwriting Managers forms underwriting agreement with Nationwide

SafeWaters Underwriting Managers (SafeWaters) has entered a new delegated authority underwriting agreement with insurance and financial services company Nationwide, to provide tailor-made yacht insurance solutions.

Products will be written on National Casualty company paper, a Nationwide company. SafeWaters, a subsidiary of RSG Underwriting Managers, specialises in yacht insurance solutions. Available in all 50 states, SafeWaters provides physical damage coverage and P&I for yachts up to $40 million.

"We are very encouraged about our new agreement with Nationwide,” said SafeWaters CEO Jorge Pecci. “We both place our customers as the focal point with emphasis on providing exceptional products, specialised underwriting and claims services.”

Ray Stahl, SVP and head of yachts for SafeWaters, added: “We look forward to working with Nationwide to develop additional capabilities for our agents and customers, and continue to provide positive results in a complex market.”

Heather Schenker, VP Nationwide, said: “Nationwide is excited to work with SafeWaters Underwriting Managers to provide specialised insurance products to yacht owners. The combination of SafeWaters’ expertise along with Nationwide’s financial strength means customers can feel confident their assets are protected, now and into the future.”