Skip to main content

Marine insurer buys Florida underwriter

Total Dollar Yacht Insurance of Port Washington, N.Y., acquired World Marine Underwriters of Fort Lauderdale.

World Marine Underwriters is a marine insurance specialty agency that was founded by Harry Wardlow in 1960. Its main location is in Fort Lauderdale with a satellite office in Stuart, Fla. Total Dollar Yacht Insurance is a division of Total Dollar Management Effort Ltd., a full-service insurance agency that was founded in 1969. Its main operations are in Port Washington, N.Y., and there are additional offices in Florida, Texas and New Jersey.

World Marine Underwriters will continue to operate as a division of Total Dollar Yacht Insurance and offer an extended portfolio of products, including the marine, personal, commercial and professional insurance markets.

“We are excited about the opportunity that the acquisition of World Marine Underwriters brings to us and look forward to continuing the first-rate operation that Harry Wardlow has developed over his distinguished career,” Total Dollar’s Arthur H. Buhr III said in a statement.

Click here for the full release.

Related

1_WHALESACTION

NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.

1_AXOPAR

Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.

1_IAN

Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.

Norm

Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.

1_NMRA

NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.

1_ PULSE.PING.2

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_EPROPULSION

EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.

1_BENETEAU

Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.