Maritime Program Group Creates Excess P&I Facility for Crewed Yachts
Maritime Program Group has launched a new Excess P&I facility specifically designed for crewed yachts. The new program through Navigators Insurance Co. 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 Co. specializing in marine contractors, marine liabilities, excess P&I and bumbershoot products.
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