Articles from ShoreOne Insurance Managers, Inc.

ShoreOne Insurance Managers, Inc. (“ShoreOne”) has been acquired by Totalis Program Underwriters (“Totalis”). Founded by Cameron Rhodes and Nick Steffey, ShoreOne will continue to operate as an independent business unit within Totalis and Cameron Rhodes will succeed Nick Steffey as chief executive officer. Rhodes will report to John Mahoney, head of Programs, Totalis.

ShoreOne Insurance Managers, Inc. has officially launched its residential homeowners policy with full flood insurance protection in Rhode Island. This first-of-its-kind coverage simplifies protection for coastal homeowners by combining both home and flood insurance under one policy—with one deductible and one streamlined claims process.

American European Insurance Company (“American European”) and ShoreOne Insurance Managers, Inc. (“ShoreOne”), today announced their successful sponsorship of the Charles River Re Ltd. Series 2024-1 catastrophe bond. The $125 million cat bond is a 25% upsize from the initial $100 million placement target.

ShoreOne Insurance Company is pleased to announce the appointment of Brendan Voss as its Chief Claims Officer. With a wealth of experience exceeding 25 years in claims process management, strategy development, and resource optimization, Brendan brings a robust skill set and an unwavering commitment to excellence in his new role.

ShoreOne Insurance Managers, Inc. is pleased to announce that Russell (Russ) Carlson has been appointed Chief Financial Officer effective January 2, 2024. Russ will join the executive leadership team and report to Nick Steffey, Chairman & CEO.

ShoreOne Insurance Managers, Inc. has hired Todd Fought as AVP NJ Territory Manager to lead their marketing and distribution strategy for growth in New Jersey. With over 30 years of underwriting and distribution experience, Fought will work with a select group of leading agencies in the coastal homeowners market. Previously, he served as AVP NJ Territory Manager for Narragansett Bay Insurance Company, where he distributed product offerings to agency partners.

ShoreOne Insurance Managers, Inc. is pleased to announce that Peter Hutchinson (also known as Hutch) has been appointed as Territory Manager for Massachusetts. Mr. Hutchinson has over 30 years of experience in the insurance industry, and he brings a wealth of knowledge and expertise to our team. In this role, Hutch will be responsible for driving sales growth and developing strong relationships with our valued clients throughout the state and has a proven track record of success in sales and account management.

ShoreOne Insurance Managers, Inc. is launching its admitted, residential homeowners policy with full flood insurance protection in Massachusetts. This first-of-its-kind product is already live in New Jersey, New York, and South Carolina. Previously, homeowners with coastal properties had to purchase separate policies and pay separate deductibles. The flood policies were generically priced and did not cover the real cost of replacing the home or temporary living expenses if the homeowner was displaced.

ShoreOne appoints Brad Burton as Senior Vice President, Operations. Mr. Burton has significant experience in product innovation, underwriting, claims, and operational procedures. With over 25 years of property and casualty industry experience, Mr. Burton brings proven business scaling expertise, and a strong command of catastrophe management principles and oversight of underwriting and technology teams.

ShoreOne Insurance Managers, Inc. has launched a comprehensive condominium unit owners policy that includes full flood coverage at a very affordable cost.

ShoreOne Insurance Managers, Inc. is launching its admitted, residential homeowners policy with full flood insurance protection in New Jersey. This first-of-its-kind product is already live in South Carolina and there are plans to expand into other states on the Eastern Seaboard after New Jersey, as well. Previously, homeowners with coastal properties had to purchase separate policies and pay separate deductibles. The flood policies were generically priced and did not cover the real cost of replacing the home or temporary living expenses if the homeowner was displaced.