Markel International, London, November 26, 2018 --- Markel International, the specialist insurer, will partner with Pantaenius GmbH, the leading European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients globally.
Through offices across Europe, USA 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.
Markel’s yacht and super yacht team was established two years ago, with the appointment of senior underwriter Mike Wimbridge to head up the business. Mike will become part of Pantaenius, while remaining located in Markel’s London office.
The partnership will 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.
Chris Fenn, managing director of Markel’s marine business, said:” There’s a lot Markel and Pantaenius can do together. Mike has known the Pantaenius team for many years and the respect they hold for each other will be a superb basis for the partnership.”
Martin Baum, managing director, Pantaenius, also commented: ”Pantaenius and Markel’s partnership is the logical development when faced with today’s unstable yacht insurance market.
Two global players are forming a long term strategy that combines Pantaenius global distribution network with great financial strength, in order to offer a one stop shop solution for yacht insurance. Mike Wimbridge will play an important role to modernise the process of placing yachts in the future. Times are changing.”
For more information:
Michael Henman, Director of Communications + 44 (0)20 7953 6000
Susy Chandler, Marketing Manager + 44 (0)20 7953 6000
About Markel International:
Markel International is a subsidiary of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (NYSE: MKL). Markel International writes insurance and reinsurance business through six divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel International Insurance Company Limited, Markel Insurance SE., Markel Resseguradora do Brasil S.A. and Markel Seguradora do Brasil S.A. Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal and tax consultancy services. For more information please visit us at www.markelinternational.com
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