CompareYachtInsurance appoints new chair

Penny Searles Penny Searles. Image courtesy of Fifty North Consulting. has appointed Penny Searles as chair of the board. Searles is renowned for her influential role in shaping the landscape of using telematics data to reduce loss ratios in both motor and marine, and distributing the policies via aggregator space.

She also has a proven track record of successful leadership in entrepreneurial venture positions, one of which saw a successful data company sale to Lexis Nexis.

“Penny is a dynamic leader with a profound understanding of the intricacies of the insurance industry,” says Marcel Herrera, the CEO and founder of “Her expertise will play a pivotal role in steering us towards new horizons, solidifying our position as innovators in the industry. Her leadership is expected to amplify the company’s impact in the InsureTech sector, providing a unique advantage in a market poised for disruption.”

Bryan Davies, head of sales and co-founder, says: “Penny’s wealth of experience aligns seamlessly with our growth plans. We are confident that her strategic vision will contribute significantly to our expansion into new markets and the enhancement of our service offerings.”

Searles adds: “I am thrilled to be on the board of a company that is poised to redefine the landscape of yacht insurance and hope to use my experience to help Marcel and the team translate the data value into unique services for boat owners and market leading loss ratios.” is an InsureTech startup digitising the yacht insurance buying process. By delivering aggregator services to the industry, the company leverages technology to redefine the insurance experience.

Main image: Penny Searles. Image courtesy of Fifty North Consulting.

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This article was written and/or edited by the UK-based MIN team.

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