London-based specialty Markel International partner is to partner with European yacht insurance provider Pantaenius GmbH.
Hamburg, Germany-based Pantaenius has offices across Europe, the US and Australia, providing a broad range of yacht insurance and related protection for yacht owners for more than 50 years and is a major yacht insurance provider in Europe.
Markel’s yacht and super yacht team was established two years ago when Mike Wimbridge was appointed to lead the business. Wimbridge will become part of Pantaenius, while remaining located in Markel International’s London office.
Markel said that the partnership would provide Pantaenius with London market expertise and relationships, while providing Markel with the opportunity to deploy capital via a highly reputed player in the market. “Together they will be well positioned to take advantage of the opportunities in the US market”, said Markel International.