Applied Underwriters to Acquire UK Yacht Insurance MGA Concept Special Risks

United Kingdom
29th March 2021

Applied Underwriters to Acquire UK Yacht Insurance MGA Concept Special Risks

yacht insurance

Yacht insurance specialist Concept Special Risks, a UK-based international managing general agent, has been acquired by Applied Underwriters.

Based in Leeds, and founded in 1999 by Tony Usher, the yacht insurance company Concept Special Risks is a licensed Lloyd’s coverholder and provides coverage for a variety of nautical vessels and operators across the globe.

The company, which has offices in the UK and Florida, has a leading market position in the U.S. and Caribbean markets for motor yachts, trailer craft, sailboats and catamarans, covering both private/pleasure and charter.

Concept Special Risks will continue to write business through retail agents in the U.S. and Caribbean.

The acquisiton of Concept Special Risks is another step for Applied Underwriters into the luxury market sphere.

Steve Menzies, chairman of USA-based Applied Underwriters, commented:

The founder of Concept Special Risks sees the acquisition as an exciting opportunity.

Tony Usher commented:

About Concept Special Risks About Applied Underwriters

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