ShoreOne Insurance
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.
- Company typePrivate
- Founded2019
- HeadquartersSunrise, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
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.
ShoreOne Insurance firmographics
Firmographics- 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
ShoreOne Insurance industry classification
Industry- 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
Where ShoreOne Insurance is headquartered
LocationHeadquarters
- HQ city
- Sunrise
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
ShoreOne Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Customized coastal homeowners and flood insurance policies |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
ShoreOne Insurance product offering
Product offeringCore 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
Companies that use ShoreOne Insurance
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
ShoreOne Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ShoreOne Insurance partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Totalis Program Underwriters (NFP/Aon)coreTotalis 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.coreBrightShore 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 CompanycoreShoreOne partnered with Trisura Specialty Insurance Company to expand offerings for coastal homeowners, providing additional capacity and product options for the distribution network.
- Kinghorn Insurance AgencyminorKinghorn 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 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
ShoreOne Insurance competitors and assessment
Company assessmentDirect 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
ShoreOne Insurance social profiles
Digital presenceShoreOne Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
ShoreOne Insurance leadership team
Management profileNumber of profiles
Profiles10 records
ShoreOne Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ShoreOne Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ShoreOne Insurance
What does ShoreOne Insurance do?
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.
Is ShoreOne Insurance a public or private company?
ShoreOne Insurance is a private company. It is classified as corporate owned and is currently operating.
When was ShoreOne Insurance founded?
ShoreOne Insurance was founded in 2019. It employs 11 to 50 people.
Where is ShoreOne Insurance based?
ShoreOne Insurance is headquartered in Sunrise, United States, in the North America region.
How does ShoreOne Insurance make money?
One revenue line is on record: insurance Premium Revenue.
Who are ShoreOne Insurance's main competitors?
Direct peers on record are Palomar Specialty Insurance Company, Neptune Flood, Kin Insurance, Wright National Flood Insurance Company and Narragansett Bay Insurance Company. Broad incumbents are Arthur J. Gallagher & Co., Liberty Mutual Insurance, Chubb Limited and NFP (Aon company). Lemonade Inc. is listed as an emerging player.
Does ShoreOne Insurance have an API?
No public API is recorded for ShoreOne Insurance.
What industry is ShoreOne Insurance in?
ShoreOne Insurance's product category is Coastal Property Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 52421 and its SIC code is 6411.