ShoreOne Insurance Managers, Inc. has been acquired by Totalis Program Underwriters. Founded by Cameron Rhodes and Nick Steffey, ShoreOne will continue to operate as an independent business unit within Totalis and Cameron Rhodes will succeed Nick Steffey as chief executive officer. Rhodes will report to John Mahoney, head of Programs, Totalis.

“Totalis’ underwriting-first philosophy and entrepreneurial culture are a natural fit for ShoreOne,” said Rhodes. “As a long-term capital partner, Totalis enables us to focus on disciplined, profitable growth while continuing to deliver value to our insurer, reinsurer, and distribution partners.”

Founded by Cameron Rhodes and Nick Steffey, ShoreOne offers a differentiated homeowners product that integrates comprehensive flood coverage, serving coastal markets across South Carolina, New Jersey, New York, Massachusetts and Rhode Island. ShoreOne brings highly regarded coastal homeowners underwriting expertise to the Totalis platform, supported by advanced analytics, proprietary risk selection tools, and disciplined portfolio management capabilities that enable more precise pricing and underwriting performance in complex, flood-exposed markets.

BrightShore Insurance Company (“BrightShore”), founded by ShoreOne, is not part of the transaction and will retain its current ownership. BrightShore will continue to support ShoreOne as a key carrier partner, alongside American European Insurance Company and Trisura Specialty Insurance Company.

“Totalis is the ideal partner to support our next phase of growth,” said Steffey. “I look forward to continuing my involvement with ShoreOne as Executive Advisor, while maintaining my role as Chairman of BrightShore.”

“We are delighted to welcome Cameron, Nick, and the ShoreOne team to Totalis,” said Mahoney. “ShoreOne has developed an important solution to address a significant protection gap for coastal homeowners. Our platform is designed to empower program businesses like ShoreOne to operate independently while benefiting from shared capital, resources, and strategic support. With our growing portfolio of specialty businesses, Totalis is well positioned to serve the evolving needs of our distribution and carrier partners.”

Dowling Hales served as the exclusive financial advisor to ShoreOne on the deal. Terms of the transaction were not disclosed.