Markel International, the specialist insurer, will partner with Pantaenius GmbH, the European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients globally.
Through offices across Europe, the U.S. and Australia, Pantaenius has been providing a broad range of yacht insurance and related protection for yacht owners for over 50 years and is the leading yacht insurance provider in Europe. Pantaenius is headquartered in Hamburg, Germany.
Markeldus yacht and super yacht team was established two years ago to lead senior executive Mike Wimbridge. Wimbridge, who remains in the Markel London office, will be part of the Pantaenius.
The partnership will provide Pantaenius with expertise and relationships in the London market, and will offer Markel the opportunity to distribute capital through a highly recognized player in the market. Together, they will be in a good position to take advantage of the opportunities in the US market.
Pan Markel and Pantaenius have a lot to do together. Mike has been familiar with the Pantaenius team for many years, and their respect for each other will be a perfect basis for partnership. ”
Iğ The partnership of Pantaenius and Markel is a logical development when facing today’s unbalanced yacht insurance market, ında said Martin Baum, general manager of Pantaenius.
“The two global players are forming a long-term strategy that combines Pantaenius’s global distribution network with great financial strength to provide a one stop solution for yacht insurance,” Baum said. Ay Mike Wimbridge will play an important role to modernize the future placement of yachts. Time is changing. “
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