Re: [Amel] Lemma Insurance Bankruptcy

Richard Piller <richard03801@...>

We use Al Golden of Jack Line here in the US A for all oceans insurance his email is mail@...
phone: 1 (410) 827-3757

Richard on SM 209 for sale in Annapolis 603 767 5330

From: amelliahona <no_reply@...>
To: amelyachtowners@...
Sent: Monday, October 22, 2012 1:13 PM
Subject: [Amel] Lemma Insurance Bankruptcy

I have had my Amel SM insured with Lemma Insurance (Lemma Europe Insurance Company) through Bill Coats at Offshore Risk Management of Florida. On 17 Oct 2012 I received an eMail from Offshore Risk Management indicating that Lemma Europe is in liquidation and that, while my policy is in force, there is a strong possibility that there be insufficient funds to pay future claims.


I have roughly 1/4th of my annual $US 6,500 premium tied up in this now bankrupt company.

I would welcome any thoughts from the readership on different brokers or insurance companies. I feel like I need to secure alternative insurance soon, just in case. I think I will go with a USA company since things look so bleak for Europe right now (not that they are all that great for the USA).

My boat is on the hard in a cradle in Jolly Harbor Antigua. We have kept the boat in the hurricane box for each of the last 6 years. The one time we brought the boat out of the box was to Florida where we had 3 hurricanes come close, one within 60 miles of our boat, while there. We finally went back to the Caribbean where we have felt safer from hurricanes.

Thanks for your input.

Gary Silver
Amel SM 335

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