Ahoy! Insurance coverage, calling itself an insurance coverage firm constructed by boaters for boaters, has expanded into Florida, one of many world’s largest leisure boating markets.
The surplus and surplus traces dealer was based in 2021 by Amit Nisenbaum, a former Israeli naval officer who has led start-up firms; Kenan Hertz, previously with USAA and Insurtech Advisors; and Shachar Segev, an engineer and vp at U.S. and Israeli tech firms, in response to firm info. Bob Jones, who has labored with Progressive insurance coverage firms, is vp of distribution.
Ahoy!, with places of work in New York, stated it goals to supply one-stop purchasing for insurance coverage brokers searching for boat protection, for vessels as much as 95 ft in size and as much as $2.5 million in worth, by way of government-backed insurance coverage or by way of E&S protection. The agency was acquired in spring 2024 by Bishop Avenue Underwriters, a managing basic company. Some protection is offered by Spinnaker Insurance coverage Co.
The Florida growth for Ahoy! follows the current launch of its yacht underwriting program for bigger vessels, nationwide, the corporate famous. The Florida transfer comes at a pivotal time for Florida’s boating business, as some insurers have raised premiums and have scaled again protection choices, the information launch famous.
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