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About sgbatyork

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    Boating, DIY

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  1. Hello Everyone Just to let you know that we have secured insurance for Lightning through Geo Underwriting. Following advice from colleagues at Broom Marine Services we engaged an independent broker -Coleman Marine Insurance- and we are extremely grateful for their legwork in securing some cover for us since Towergate pulled the plug. I have been told that most, if not all, underwriters have now either retracted from the syndicated boat insurance market completely, closed their book to new business, or restricted cover to syndicates of no more than four shares. All the best
  2. Thanks everybody for getting back to me. Looks like it is Navigators or MS Amlin then. There is another exTowergate syndicate in the same predicament also and I will let you know how we get on. Simon.
  3. Hello Everyone I have been a member for a good few years but never found the need to post anything until now! This is a bit of a 'heads up' for broads based syndicates plus a request for advice. Our marine insurer (Towergate) has just declined to renew our policy as their underwriter will now only cover a boat with no more than four owners. I have been informed that a disproportionate number of claims this year in the Med (go figure) has had a knock on effect on the whole syndicate book of account. This means that a number of underwriters have either withdrawn from the market comp
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