Totalis Program Underwriters Acquires ShoreOne

Totalis Program Underwriters has acquired ShoreOne Insurance Managers, a coastal-focused homeowners and flood insurance broker. Terms of the transaction were not disclosed.

ShoreOne is based in Dedham, Massachusetts and offers a homeowners product that integrates comprehensive flood coverage for coastal markets across South Carolina, New Jersey, New York, Massachusetts, and Rhode Island. The acquisition does not include BrightShore Insurance Co., which will retain its current ownership. ShoreOne will continue as an independent business unit within Totalis, with Cameron Rhodes succeeding Nick Steffey as CEO and reporting to John Mahoney, head of programs, Totalis.