General Maritime
XL Offers KRE Cover to Yacht Owners
To help yacht owners navigate increasingly risky waters, XL Group is adding a Kidnap, Ransom & Extortion (KRE) Crisis endorsement to ShipShape, and ShipShape Plus, its recreational marine insurance coverages. "Crisis events like kidnapping, disappearance and hijack are increasingly real threats, especially on open seas," explained Denise Balan, Country Manager of XL's US Crisis Management business which developed the KRE endorsement. According to Rick Salway, Vice President of XL Group's Recreational Marine business, "Our ShipShape insurance pulls together the most relevant…
Renamed Shipyard Pryde Makes Strong Impression
Superyacht shipyard Pryde will shine at the Monaco Yacht Show 2013 with its new model, the 88.8-meter Illusion. Pryde is a yacht-building business located on China’s Yantai Peninsula. Pryde specializes in the development, creation and marketing of 80-120m superyachts. With Illusion, this new shipyard brand certainly gives an impressive first glimpse of what it has in store for the future. According to Itay Simhony, the shipyard’s director, Pryde combines tradition with expertise.
