Powerboat P1 is the fastest growing marine motorsport series in the world and has a long term commitment to growing and developing the sport of power boating at all levels. The Powerboat P1 team works closely with the sports governing bodies, the UIM, APBA and the IJSBA. P1 has delivered more than 85 world championship events in over twelve different countries for more than a decade.
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The company was initially built by providing coverage to high risk classes such as white water rafting and helicopter skiing, and we continue to provide solutions to those classes and many others, putting our support where it matters the most. All the events we are involved in are with good people and those are the kind of relationships we will support and insure – it’s a good rule for life and business.
Rick J. Lindsey
XINSURANCE President, CEO and Chairman
International powerboat racing promoter Powerboat P1 has announced that 345 Racing, a new Cayman Islands team owned by Mario Rankin and Jason Butcher, will be competing in this year’s UIM Class 1 World Championship with Alex Pratt as throttleman alongside driver Miles Jennings. The team will be based in Florida and make its first appearance in the six-venue series at Cocoa Beach in May.
The 27-year-old joins the crew of the newly created 345 Racing team’s 42-foot Victory hull boat with its twin Mercury Racing 1100 Competition engines. The principal team sponsor will be XINSURANCE, a business established some 40 years ago that provides customized specialty insurance for ever-changing risks and issues such as specialty liability, property and casualty insurance.
Class 1 is the summit of the sport with the best boats, best drivers and the best equipment in the world. The Mercury Racing 1100 turbos have brought a modern, reliable package to the class and P1’s international TV broadcast deals and live streaming take the racing into fans’ homes worldwide.
Driver, 345 Racing. 5-times World champion and 12-times British champion
Pratt splits time between his hometown of Clearwater on Florida’s Gulf Coast and Southwest Michigan. In 2020 he founded Good Boy, a premium, lifestyle vodka brand, which is positioned to support animal charities and veterans. It’s slogan of “Every Pour Helps a Pup” means a portion of every bottle purchased is donated to foundations supporting its mission. He has been involved with motorsports for many years, initially racing motorcycles in Unlimited Supersport Road Racing Events before moving into performance boating.
Good Boy Vodka and XINSURANCE are now expanding their partnership into offshore powerboat racing where they will be providing a unique racing experience at each Class 1 event. “XINSURANCE President, CEO and Chairman Rick J. Lindsey and his team provide solutions for almost every industry across the board,” explained Pratt. “They truly think outside the box for their customers. One of the best products they offer is true umbrella coverage. Rick is an exceptional individual and I am very excited to continue working with them.”
Speaking from Salt Lake City, Lindsey said: “The company was initially built by providing coverage to high risk classes such as white water rafting and helicopter skiing, and we continue to provide solutions to those classes and many others, putting our support where it matters the most. All the events we are involved in are with good people and those are the kind of relationships we will support and insure – it’s a good rule for life and business.”
“Class 1 is the summit of the sport with the best boats, best drivers and the best equipment in the world,” comments Miles Jennings. “The Mercury Racing 1100 turbos have brought a modern, reliable package to the class and P1’s international TV broadcast deals and live streaming take the racing into fans’ homes worldwide.” Jennings has racing in his blood. He started his powerboat racing career in the 1970s and has won more than 50 national races with more than 100 appearances on the podium. His titles include 5-times World champion and 12-times British champion.
Earlier this month, Powerboat P1 announced the race calendar for the 2022 Class 1 World Championship that will see eight races at six venues in the United States from May to November. In October 2020 the UIM assigned to P1 the international rights to Class 1 offshore racing in a ten-year agreement and P1 CEO Azam Rangoonwala has confirmed that five teams from three continents have already committed to racing this season. “The pairing of Alex and Miles in the new 345 Racing team, with backing from XINSURANCE, is an exciting addition to our international fleet and we are delighted that Alex will become the youngest racer in the championship,” added Rangoonwala.
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The 345 Racing boat in action (provisional design), credit: Ronny Mac
The crew of Alex Pratt (left), credit: Facebook, and Miles Jennings, credit: Cole McGowan
The Good Boy Vodka 50” Mystic, credit: Pete Boden
This increasing important brand within the P1 family encompasses the APBA offshore national championship series, with P1 having been granted by the APBA exclusive rights to film and distribute its offshore events. P1 produces a one-hour television highlights show, featuring Class 1 racing and other APBA classes, to be broadcast in the United States and internationally. P1 coverage will include live streaming on its Facebook page.
Class 1 is the premier class of offshore powerboat racing in the world and is considered to be one of the most spectacular marine motorsports. A Class 1 race boat has twin inboard 1100HP engines and can reach speed in excess of 160mph. All boats are limited by a minimum weight of 4,950kg.