Posted on 14 Mar 2011
Maritime Program Group (MPG) announced the launch of their new Excess P&I facility specifically designed for crewed yachts. The new program through Navigators Insurance Company offers up to $25,000,000 excess of $5,000,000 underlying for crewed luxury yachts.
“We created this new excess facility in response to our broker’s requests for additional capacity in this particular market segment” said John Sterling, VP of Ocean Marine for Maritime Program Group. This new excess product is an expansion upon MPG’s current underwriting program with Navigators Insurance Company ( A.M. Best A size X ) specializing in Marine Contractors, Marine Liabilities, Excess P&I and Bumbershoot Products.
For more information about this product contact John Sterling at 800-882-5414 or firstname.lastname@example.org.