ShoreOne Insurance

What ShoreOne Insurance does

ShoreOne Insurance, operating as ShoreOne Insurance Managers, Inc., is a Managing General Agent that pioneered an integrated homeowners and flood insurance policy for coastal property owners. Founded in 2019 and commencing business in February 2021 as a Massachusetts-domiciled corporation headquartered in Sunrise, Florida, the company sells a single combined policy (based on HO3 or ISO forms) that replaces the historical stack of separate homeowners and NFIP-style flood policies, eliminating multiple deductibles, multiple adjusters, and the typical $400–$800 elevation certificate cost. The company distributes exclusively through independent insurance agents with coastal expertise, currently operating in South Carolina, New Jersey, New York, Massachusetts, and Rhode Island.

The underlying platform was developed in partnership with Focus Technologies and enables agents to issue a complete policy in under one minute using proprietary risk modeling that combines geospatial features with individual property characteristics for highly segmented pricing. Quotes can be generated without an elevation certificate because the platform encodes the risk profile of each coastal house directly. The company is backed by reinsurers with combined assets exceeding $90 billion, and a separate affiliated carrier, BrightShore Insurance Co. (launched February 2025), provides additional captive capacity; a March 2025 partnership with Trisura Specialty Insurance Company adds further paper. Revenue is generated through premiums on the integrated home and flood policies.

In March 2026, ShoreOne was acquired by Totalis Program Underwriters, a New York specialty insurance platform under NFP (an Aon company), and founder Cameron Rhodes succeeded Nick Steffey as CEO. ShoreOne continues to operate as an independent business unit. The management team is drawn heavily from Narragansett Bay Insurance Company, including the CEO, CFO, CMO, VP of Risk Management, VP of Administration, and the New Jersey Territory Manager.

Name

ShoreOne Insurance

Legal name

ShoreOne Insurance Managers, Inc.

Website

https://shoreoneinsurance.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

ShoreOne Insurance is a Managing General Agent offering integrated homeowners and flood insurance policies for coastal property owners in five Atlantic Seaboard states, distributed through independent agents via a proprietary platform that enables policy issuance in under one minute.

Ownership category

akta.pro rank

Product category

Coastal Property Insurance

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Coastal home insurance
• Flood insurance
• Homeowners insurance
• Managing general agent
• Property insurance

Headquarters

HQ city

Sunrise

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premium Revenue: As a Managing General Agent (MGA), ShoreOne earns revenue through insurance premiums collected on homeowners and flood insurance policies. The company is backed by reinsurers with combined assets exceeding $90 billion.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

ShoreOne Insurance operates as a Managing General Agent (MGA) that sells integrated homeowners and flood insurance as a single policy for coastal property owners. The company distributes exclusively through independent insurance agents using a proprietary technology platform developed with Focus Technologies that enables complete policy issuance in under one minute without requiring elevation certificates.

Product overview

ShoreOne Insurance offers a single unified product—their integrated homeowners and flood insurance policy—that combines traditional homeowners coverage (based on HO3 or ISO forms) with full flood protection in one policy. The product portfolio includes state-specific variants for South Carolina, New Jersey, New York, Massachusetts, and Rhode Island. The company also has a sub-brand, BrightShore Insurance Company, which operates as a separate carrier partner. The integrated policy eliminates the need for separate homeowners and flood policies, providing one agent, one deductible, and one claims adjuster. ShoreOne's technology platform, developed in partnership with Focus Technologies, enables agents to issue complete policies in under one minute using proprietary risk modeling with geospatial features.

Differentiator

Problem solved

Functional benefit

Products and services

• ShoreOne Integrated Homeowners and Flood Insurance Policy A single comprehensive policy that combines traditional homeowners insurance (HO3 or ISO form) with full flood coverage for coastal properties, eliminating the need for separate policies, multiple deductibles, and elevation certificates. Available in South Carolina, New Jersey, New York, Massachusetts, and Rhode Island.
• Comprehensive Flood Coverage for Coastal Condo Unit Owners Flood insurance offering tailored for owners of condominium units in coastal areas, addressing the flood coverage gap for condo properties.

Quantifiable outcome

• Coverage for 4.8 million NFIP policyholders facing coverage gap
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Totalis Program Underwriters (NFP/Aon)coreStrategic or Co-development Partner · 27 March 2026Totalis Program Underwriters, a New York specialty insurance platform under NFP (an Aon company), acquired ShoreOne Insurance Managers. ShoreOne will continue operating as an independent business unit, with founder Cameron Rhodes succeeding Nick Steffey as CEO. This acquisition brings underwriting expertise and proprietary risk analytics to the Totalis platform.
• BrightShore Insurance Co.coreStrategic or Co-development Partner · 27 March 2026BrightShore Insurance Co., also founded by ShoreOne's principals, retains separate ownership and remains a key carrier partner. The company launched in February 2025 offering comprehensive homeowners insurance with built-in flood protection.
• Trisura Specialty Insurance CompanycoreStrategic or Co-development Partner · 24 March 2025ShoreOne partnered with Trisura Specialty Insurance Company to expand offerings for coastal homeowners, providing additional capacity and product options for the distribution network.
• Kinghorn Insurance AgencyminorChannel Partner/ Reseller/ Distributor · 17 March 2021Kinghorn Insurance Agency in Bluffton, SC is a partner agency expressing strong support for ShoreOne and Ben Hoover as CMO. Represents one of many independent agency partnerships.
• Focus TechnologiescoreTechnology or IntegrationTechnology platform developed in partnership with Focus Technologies, enabling agents to intuitively issue a complete policy in under one minute with highly segmented pricing incorporating geospatial features.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Palomar Specialty Insurance Company: Specialty P&C insurer focusing on catastrophe-exposed residential and commercial lines, including earthquake and wind. Comparable in specialty catastrophe underwriting for property, though broader in line of business and geography.
• Neptune Flood: Private flood insurance MGA offering residential flood coverage directly to homeowners through an agent and online channel. Directly comparable in product (private flood), customer (residential flood-exposed), and MGA model; differentiated by direct-to-consumer tilt and broader geography.
• Kin Insurance: Direct-to-consumer homeowners insurance built for catastrophe-prone coastal states (FL, TX, CA, etc.), combining proprietary risk data with streamlined digital quoting. Comparable in coastal homeowners specialization and data-driven underwriting; differs in direct distribution model.
• Wright National Flood Insurance Company: Largest Write-Your-Own (WYO) carrier participating in the NFIP, providing private flood solutions to homeowners. Comparable in flood specialization and coastal exposure focus; differs as a carrier with NFIP-direct WYO authority rather than an MGA.
• Narragansett Bay Insurance Company: Founded by Nick Steffey (now ShoreOne Executive Advisor) to solve the coastal insurance gap for 200,000+ Northeastern homeowners. Direct predecessor and most operationally comparable peer; ShoreOne's leadership team and risk analytics approach were developed at NBIC.

Broad incumbents

• Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm; ShoreOne CMO Ben Hoover was Regional Marketing Manager at Gallagher's Risk Placement Services. Adjacent via distribution but operates at brokerage/specialty-program scale rather than as an MGA for a single product line.
• Liberty Mutual Insurance: One of the largest U.S. P&C insurers with broad homeowners offerings; CEO Cameron Rhodes previously worked at Liberty Mutual. Overlaps with ShoreOne on coastal homeowners but at much greater scale and with broader product lines rather than coastal specialization.
• Chubb Limited: Global P&C insurer with a substantial high-net-worth coastal homeowners book; ShoreOne advisor Nick Steffey held executive roles at Chubb. Compares as a broad incumbent serving coastal/high-net-worth homeowners, but at global scale and with broader line of business.
• NFP (Aon company): Large U.S. specialty insurance brokerage and consulting platform that acquired ShoreOne through its Totalis Program Underwriters subsidiary. Operates in adjacent distribution, specialty program management, and risk consulting space rather than direct underwriting.

Emerging players

• Lemonade Inc. Digital-native insurance company offering homeowners and renters coverage in coastal U.S. states with AI-driven underwriting. Comparable in targeting tech-savvy coastal homeowners, though broader in customer segment and not flood-specialized.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shoreone-insurance-managers-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ShoreOne Insurance