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Kemah Capital Introduces Kemah Marine with Yacht Insurance
Kemah Capital, a specialty lines managing general agency headquartered in Houston, Texas enters the US marine space. The initial marine offering is a US admitted recreational yacht insurance product, underwritten from a newly opened office in Essex, Connecticut from September 1, 2020. Further expansion into other marine lines is expected to follow at later dates. The yacht account will be underwritten by Tom Carroll, formally EVP Brit US Specialty Lines and a 35 year veteran of the US marine market. Tom has joined Kemah Capital as Managing Partner of Kemah Marine. Tom’s additional responsibilities will include the eventual building out of Kemah’s marine presence in the Hull, Liability and Cargo lines.
Recreational yacht limits offered will be up to $ 1,000,000 hull and $ 1,000,000 protection & indemnity on behalf of Clear Spring Property and Casualty Company (admitted in 50 states), a Chicago based insurance company which is rated A- (Excellent) by AM Best Company.
Commenting on the launch, Graham Bell , President of Kemah Capital said “The opening of Kemah’s marine business is consistent with our long term strategy of controlled expansion into segments where we believe we can add true value to our customers and produce superior results for our capacity providers. We are delighted to welcome Clear Spring as a partner and Tom Carroll as a colleague.” Dom Tobey , Chairman of Kemah Capital continued “The addition of Clear Spring to our panel of capacity provider partners is a very important step for Kemah and we look forward to developing our business with them over the years ahead. Tom’s longstanding reputation and expertise in the marine sector will be a great asset to Kemah and we all look forward to working with him.”
Tom Carroll added “I am delighted to be associated with Kemah Capital who have been successful underwriters of specialty products that deliver sustainable and profitable growth. Kemah also has a history with marine and recognizes the opportunity to deliver dedicated expertise and white glove service to the yacht producer and owner, while enhancing its existing appetite for additional marine lines”.