EPIC bolsters portfolio with acquisition of yacht insurance specialist

EPIC bolsters portfolio with acquisition of yacht insurance specialist | Insurance Business America

EPIC bolsters portfolio with acquisition of yacht insurance specialist

EPIC Insurance Brokers & Consultants continues to expand its specialty offerings with the acquisition of recreational and commercial marine insurance specialist Oversea Yacht Insurance (Oversea).

The transaction brings Oversea’s unique policy offerings to EPIC’s stable, allowing the company to provide comprehensive boat insurance coverage to yachts ranging from 30 to 300 feet, both domestically and internationally.

Read more: EPIC acquires NY-based non-profit insurer

Under the terms of the deal, Oversea principals Scott Jarvie and John M. Jarvie II will remain actively involved in the overall organization of the niche practice, with the latter serving as managing principal of the yachting division. Oversea has headquarters in San Diego, California and Fort Lauderdale, Florida.

“We are fortunate to have aligned with the Jarvie team and their organization to provide this specialized expertise adding to our experienced and knowledgeable professionals,” said Adam Meyerowitz, president of Midwest and Southeast Regions at EPIC.

Read more: EPIC closes deal to acquire Prime Risk Partners

“After 45 years in the marine insurance business, we are excited about the opportunities ahead with EPIC as this will enable us to expand our capabilities and offerings to clients,” added Scott Jarvie, who also serves as Oversea’s president. “By further collaborating with EPIC and the EPIC Select team who are focused on high-net-worth individuals, there will be added benefit to all.”