7 October 2015
10 Feb 2014

New underwriting agency enters the superyacht market

By | Other articles by this author

Baiman Marine is a new underwriting agency to enter the superyacht market. It has announced its aim to offer a complete solution for brokers, yacht managers and direct clients in the yacht market. SuperyachtNews.com speaks to Ross Bailey, underwriting manager, to find out more about the decision to enter the superyacht market.

“Having worked in the marine insurance market for over ten years now, with the last three years specifically in the yacht insurance market, I have gained a solid foundation within the industry,” explains Bailey. “The yacht underwriting market has been dominated by a few specialist companies for the last decade or more. Whilst Lloyd’s syndicates will continue to offer individual insurance covers to brokers, I believe that the specialist market is in need of some new impetus to breathe life into the market. Whilst it is true that prices are currently very low, the yacht market is beginning to show good signs of recovery and as such, now is the right time to inject some new ideas into the industry.”

“This being the case, I have teamed up with C J Coleman, an established Lloyd’s broker with over 40 years experience and established underwriting security of first class Lloyd’s Underwriters, in order that we have the capacity to offer a high quality service, backed by knowledgeable professionals,” Bailey continues. “The global scope of the superyacht insurance market requires tailored and specific management and insurance packages, covering every aspect of risk. The partnership between C J Coleman and Baiman Marine creates a wealth of knowledge and experience to offer comprehensive, tailored cover for every client.”

“As an agency with the authority to provide insurance coverage for yachts, their crew and guests, our approach is to allow clients to select the insurance options they require, delivered to budget and cover requirements in one complete package,” Bailey adds.

SuperyachtNews.com spoke to several insurance brokers in the industry to ask about their knowledge of the new agency and whether they would be putting any business their way. While many were aware of the new project, all were reluctant to comment on any future plans to do business with the agency, or on the need for another underwriter in the industry.

To receive breaking news notifications, download our free app.


Add a comment

1800 character limit

Having problems? Let us know editor@superyachtnews.com

Other Business News

Mythbusters: the UK/Spain tax treaty

Writing exclusively for SuperyachtNews.com, Patrick Maflin, of Marine Accounts, advises crewmembers on how best to avoid falling foul of the UK/ SPAIN Double Taxation Agreement. More

Amongst the splendour of Monaco was there something missing?

The Monaco Yacht Show offers design, glamour, a sense of adventure and an unparalleled window into the Superyacht world. But are we doing enough to encourage new blood? More

Abeking & Rasmussen unveils new large construction hall

German superyacht builder Abeking & Rasmussen has unveiled a large yacht construction hall on its Bremen premises More

Nautor confirms plans for Swan 130

Speaking to the Finish yard at the Monaco Yacht Show, SuperyachtNews.com hears about Nautor Swan’s plans to bring a Swan 130 to their product line. More

business News Archive

Superyacht Intelligence Data

Most Recent Comments

  1. Amongst the splendour of Monaco was there something missing? More
  2. MYS EXCLUSIVE: Superyacht design without a stern More
  3. MYS EXCLUSIVE: Are we there YET? More
  4. Fail to prepare, prepare to fail More
  5. Court rules non-disclosed market value to be inducement More
SuperyachtNews app available now. Click here to download.
Tailor a subscription package to suit your needs
Latest issue
Latest issue


Get regular updates from SuperyachtNews with our weekly Email Newsletter.



Latest Premium Listings

Marine Resources Recruitment Ltd

Marine Resources Recruitment Ltd

Steamship Mutual

Steamship Mutual

Wills Ridley Ltd

Wills Ridley Ltd



Superyacht Insurance Group

Superyacht Insurance Group

OceanLED Ltd

OceanLED Ltd

Gym Company Marine

Gym Company Marine

Directory. Add your logo here with a premium listing.

Featured Listings

Marinas & Ports

Rivergate Marina and Shipyard
Rivergate Marina & Shipyard is acknowledged as Australia’s premier Superyacht refit and project management destination. With deep water access for berthing vessels up to 80m and refuelling & bunkering from our designated on water fuel wharf, Rivergate offers world class facilities to all incoming vessels.

Shore Power Convertors

ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.

HVAC & Refrigeration, Water Treatment & Watermakers

ENWA Water Technology AS
Enwa designs, manufactures and delivers environmentally friendly water treatment solutions for maritime applications. Working closely with our customers enables us to supply efficient systems which are backed up by a world wide support network.


Raytheon Anschuetz
Professional Integrated Navigation Systems based on cutting-edge technology and decades of experience. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.

Marinas & Ports

Ocean World Marinas
Ocean World Marina is the only full-service marina located between the heavily traveled Florida/Bahamas area and the Puerto Rico/Eastern Caribbean region.

AV & Entertainment, IT Services, Lighting

Exmoor Technology Marine
Building on 5years experience distributing WaveWiFi products in Europe, new YachtSurfer range, focuses on maximising the benefits and availability of 4G-LTE mobile internet worldwide. Yacht Surfer, designed in the UK, deliver 4G Routers with Automatic APN Setup, Superfast Bonded Internet upto130Mbps+ and scalable on-board WiFi & Network

Brokerage & Charter, Yacht Management

SIBELLE at Monaco Yacht Show SuperYachtsMonaco is pleased to announce that the 2008 44m Heesen SIBELLE has been reduced to 18,500,000 euros. In AAA condition, never chartered and recently refitted, she is on the market for the first time. She will be available for viewings at Monaco Yacht Show. Please contact Alex +377 93 25 03 48 for more information.

Yacht Suppliers & Provisioning

BEGUM YACHTING - Exclusive Yacht Agent
Begum Yachting proudly extends its bespoke services to simplify the crew recruitment process in yachting. We have tied up with Monjin - My Online Job Interview - as the leading professional in video interviewing for the Superyacht Industry.

Fuel & Lubeoil Supplies

GO2 Global Yachting
We handle worldwide sales for GO2, Cerion Energy's DAME Award winning and highly effective nanoparticle based diesel fuel additive. GO2 is currently in use by over 90 superyachts worldwide, with excellent feedback from captains and engineers. GO2 can be supplied worldwide.

Interior Fittings, Water Treatment & Watermakers

Evac Oy
Evac designs, manufactures and markets environmentally friendly vacuum toilet and wastewater treatment systems for the yacht and shipbuilding industry. With the latest advanced technical innovations we provide quality, reliability and design.

Water Treatment & Watermakers

Jets Vacuum AS
Jets Vacuum has for over 25 years been the leading innovator in vacuum sanitation technology. With over 9000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class word wide service


Smart Technical Management
Founded in 2012, with over 40 years combined experience in the technology & commercial arena Smart Technical Management advise & consult with owners, captains, management teams & builders on their new build & refit projects. Delivering unrivalled independent & impartial advice, using the smartest technology at the best price.

Add your company listing here

Add a featured listing here and your advert will appear on every page of SuperyachtNews.com, SuperyachtIntelligence.com, SuperyachtIndex.com, TheCrewReport.com and SuperyachtJobs.com.

Add my company listing