NFP appoints head of national yacht practice

NFP appoints head of national yacht practice | Insurance Business America

Marine

NFP appoints head of national yacht practice

New appointee to oversee company’s customized coverage solutions

NFP has announced the appointment of Tom Gresh to head its national yacht practice. According to a Press release, the practice is part of the company’s private client group.

“It’s exciting to welcome Tom to our expanding yacht practice, which has been recently involved in some of the largest private yacht industry deals,” said Brett Woodward, managing director for personal risk, national practice leader – NFP. “Tom is one of the leading authorities in the yacht space and has the specialized expertise clients need to navigate an increasingly complex global market where the size and value of yachts continues to increase. I’m looking forward to his contributions to our growth as he guides clients who own or are purchasing yachts.”

Gresh brings to the role over two decades of industry experience, including taking on leadership roles in yacht practices at major insurance brokers, the Press release said. He has been described as a recognized expert in the field for his expertise in risk management. In his new role, Gresh will report to Mike Melcher, who leads the company’s personal risk business in the Atlantic region.

“Tom’s ability to identify the complex liabilities associated with yacht ownership – including repair and refit contracts, extended navigation transits, custom modification, and charter activity – and address them with sophisticated risk mitigation and coverage solutions make him a valued resource for his NFP colleagues and clients from coast to coast,” said Melcher. “Welcoming him to our team makes it clear that we are expanding our yacht practice with intention and focus.”

Gresh holds certifications, including as a Certified Private Risk and Insurance Adviser, Certified Marine Insurance Professional, and a licensed Captain of the United States Coast Guard.

“NFP clearly values highly specialized expertise and understands why it’s so important in advising clients,” said Gresh. “Purchasing and insuring a yacht is an increasingly complex undertaking and clients need a dedicated team with the right insights and relationships. I look forward to providing clients with best-in-class advice and service that give them peace of mind throughout their yacht ownership, as well as spearheading our efforts to grow this business.”

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