Hagerty CEO Discusses Family Business Transformation

McKeel Hagerty, CEO and Chairman of Hagerty, discussed the evolution of his family's insurance business in a recent interview. He detailed how the company transitioned from its origins in boat insurance to become a significant force in the market for insuring rare and collectible cars and boats. Hagerty described this transformation as making the business "sexy" and a "driver forward" in its industry.

The conversation also touched upon Hagerty's personal passion for collectible automobiles. He shared his affection for his first car, a Porsche, which he acquired at the young age of 13. This personal connection to classic vehicles underscores the company's focus and expertise in catering to a niche market of enthusiasts.

Hagerty's leadership has been instrumental in expanding the company's reach and services beyond traditional insurance. The business now encompasses a broader ecosystem for car and boat collectors, including events, content, and a community platform. This integrated approach aims to serve the entire lifestyle of automotive and marine enthusiasts, solidifying Hagerty's position as a leader in specialized insurance and related services.