Brought to you by: Monaco Life
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.
Two Monaco-based companies are doing their bit to help during the Covid-19 pandemic.
The National Council opened its spring session on Monday evening with an agenda wholly focussed on the coronavirus crisis.
Victims of domestic violence will now be able to seek help at pharmacies in Monaco, as authorities ramp up measures to protect vulnerable women during lockdown.
Border police stopped more than 120 cars from entering Monaco on the weekend as authorities reinforce strict movement controls for the Principality.