SafeWaters Underwriting Managers announces agreement with Nationwide

SafeWaters Underwriting Managers has announced a new delegated authority underwriting agreement with Nationwide, a Fortune 100 Company and one of the largest insurance and financial services companies in the world with an AM Best’s rating of A+, XV, 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, specializes in yacht insurance solutions, providing yacht owners with tailor-made, global products and local service. Available in all 50 states, SafeWaters provides physical damage coverage and P&I for yachts up to $40M.

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

“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.” – Ray Stahl, SVP and Head of Yachts for SafeWaters.

“Nationwide is excited to work with SafeWaters Underwriting Managers to provide specialized 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.” – Heather Schenker, VP Nationwide.