Small markets - smooth sailing

Once seen as the realm of the wealthy, yachting and light aircraft are attracting enthusiasts from a much wider audience. Rachel Gordon takes a fresh look at this sector, which is currently enjoying market stability and seems set for further growth

The hurricane season has hit hard in the Caribbean and Florida, but yacht insurers are breathing a sigh of relief that, so far, claims have only trickled in.

Joe Field, marketing manager for insurer Navigators and General, says his company had some exposure but will not be facing many payouts. "There are now more British yacht owners taking part in Caribbean rallies such as the Atlantic Rally for Cruisers, which starts each November in Las Palmas and ends at St Lucia."

But, he says, a growing