Suisscourtage, a subsidiary of Monaco’s Pastor Group, has opened an office in Fort Lauderdale, Florida, one of the world’s most important yachting centres.
The company’s office at 777 SE 20 Street will offer the company’s several insurance brands – ONLYYACHT, ONLYYARD and ONLYJET.
Suisscourtage, which has been in business for more than 25 years, has offices in several major yachting, aviation and wealth hubs, including Antibes, London, Luxembourg and Rotterdam.
“As an independent Lloyd’s broker, we have direct access to the world’s largest insurance market which gives us the opportunity to place and renew our client’s policies at constantly improving terms and rates,” said Vincent Huens de Brouwer, executive director of ONLYYACHT US.
The ONLYYACHT division insures 370 yachts and more than 3,000 crew members and protects more than $6 billion of assets, the company said. The ONLYYARD division also covers shipyards and owners against risk of physical damage to superyachts while under construction, while ONLYJET insures private aircraft for damage to hull, liability to third parties and injury to crewmembers and passengers.
Monaco is easily the world’s wealthiest country per capita, followed by Liechtenstein and Luxembourg, according to a report by research firm New World Wealth. The average private wealth per person in Monaco is $1.7 million, the firm said, without elaborating on whether the figure includes both Monegasques and official residents.