CompareYachtInsurance appoints seasoned insurance expert as chief executive

Published on: 12 October 2023

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CompareYachtInsurance.com, a leading provider of insurance solutions for yacht owners, is proud to announce the appointment of its new CEO, Marcel Herrera, an industry veteran with extensive experience in both the London and global insurance markets, particularly within the yacht and marine insurance sector.


With a remarkable track record in marine insurance and innovation working for Lloyd’s Brokers, MGAs and Syndicates, Herrera brings a wealth of knowledge to the compareYachtInsurance.com team. His deep understanding of the unique challenges and opportunities in yacht insurance will play a pivotal role in the company’s mission to solidify its presence in this specialist market. Herrera’s move sees a transition away from his time at Tokio Marine Kiln where he held a senior role in the marine and aviation team whilst also working closely with the innovation underwriting department. Prior to a career in insurance, Herrera was a professional yacht racer competing around the world in inshore and offshore events up to a world championship winning level. Coupling Herrera’s experience in the yachting world along with the deep understanding of structures of the London Lloyd’s and Companies insurance market, make Herrera an extremely exciting appointment for CompareYachtInsurance.com.


“CompareYachtInsurance.com is already renowned for its commitment to providing yacht owners with access to a vast variety of insurance solutions. The brand has been growing from strength to strength and there are some extremely promising opportunities on the horizon for the growth to continue,” said Herrera. “I’m excited to lead the team as we take our service proposition to the next level and reinforce our position as the go-to destination for yacht insurance.”


Under Herrera’s leadership, CompareYachtInsurance.com has ambitious plans to enhance its offerings, catering to the evolving needs of yacht owners. The company is set to release a host of innovative improvements to its service, ensuring that yacht owners can access comprehensive and reliable insurance coverage with ease, through the web based service.


The company’s focus on technology and customer-centric solutions aligns with Herrera’s vision of making CompareYachtInsurance.com the most trusted and forward-thinking name in yacht insurance.


“We are dedicated to exceeding the expectations of our clients and offering them a seamless and enriching experience,” added Herrera. “Our goal is to provide yacht owners with the peace of mind they deserve, knowing that their prized possessions are protected by the best in the business.”


The appointment of Herrera and the forthcoming enhancements signal an exciting new chapter for CompareYachtInsurance.com. The company remains committed to its core values of integrity, expertise, and unwavering dedication to its clients.


For more information about CompareYachtInsurance.com and its insurance solutions, please visit https://www.compareyachtinsurance.com

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