CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group’s Ocean Marine Division is pleased to announce the introduction of its Luxury Yacht Program. This new program will offer industry-leading products for luxury yachts through select yacht specialty agents.
In connection with this announcement, Mr. Rick Salway has joined Great American as Divisional Vice President. He will oversee the development and management of the new Luxury Yacht Program. He has over 25 years of industry experience, most recently as Vice President – Recreational Marine at XL Catlin. Prior to that, he held roles with Chubb, Atlantic Mutual and Travelers Luxury Yacht. He is the current and a past Chairman of the American Institute of Marine Underwriters Pleasure Craft committee. He attended the University of Iowa.
In addition, Ms. Sue Cacoilo has joined Great American’s Ocean Marine Division as Business Development Manager for the Luxury Yacht Program, where she will have responsibility for luxury yacht program underwriting and portfolio management. Ms. Cacoilo has over 20 years of experience within the marine insurance sector, both in retail and reinsurance underwriting with luxury yacht specialization. Prior to this, she was an Assistant Vice President at XL Catlin, and held various leadership and underwriting roles at Travelers Luxury Yacht, Atlantic Mutual and Guy Carpenter. Ms. Cacoilo is a graduate of Rutgers University.
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years (most recent rating evaluation of “A+” (Superior) affirmed May 12, 2016). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.