sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : So just who is Pantaenius, then? (Part I)
So just who is Pantaenius, then? (Part I)

. ©

So just who is Pantaenius? You may even wonder why you or anyone else should even care, for that matter.

Truth is, Pantaenius is one hundred and thirteen years old with a massive marine following around the globe of over 70,000, built up over the last 40 years. That’s pretty impressive, but there are several reasons and a few distinctions about Pantaenius, which have allowed for such a strong following. This is the important bit, especially if you’re one of those who only pays attention to the words that come after the but…


Pantaenius is Europe’s largest yacht insurance provider and they have just arrived in Australia to provide the same unique offering and dedicated service here, that has allowed them to become a global force in protecting your investment.

Local customer service staff handle all quotes and questions and there is a 24-hour claims helpline for added peace of mind, as well. Terrific. What’s even better, is that claims are also completely sorted in-house by specialists and marine surveyors, individually selected to take their passion for and experience in the marine world, then match it with the skills and training to meet your needs and requirements as an owner.



Often, the press come to seek out the expertise inside the group too and Pantaenius will also assist you with information on things like preventing damage, improving safety, salvage, and proper maintenance. Equally, this kind of service extends around their international network of 35,000 partner organisations – good to know if you’re a long-haul cruiser or racer!

OK. So it all sounds pretty sensational and one should always ask the questions and read the fine print before buying anything, especially financial services products.

However, check some of these features against your existing policy and you may well be asking a lot of questions of Pantaenius, especially, ‘When can I get a quote?’

• An agreed, fixed value that does not get watered down over time to current market value

• No deductions removed from the payout to account for inspections, towing or wreck removal

• No limit to the salvage cost, even if it exceeds the sum insured or does not actually succeed

• You have cover for breakdown, sinking, grounding collision and flooding, even for the vessel’s machinery and underwater equipment.

• You have to select it, but there’s new for old replacement available on claims for parts of the vessel, which would be really handy for things like masts, winches, biminis and the like.

• Transport and storage via land or sea within your designated cruising area is all taken care of.

• Again, you need to check the detail, but normal wear and tear is covered, even all your gear you leave on board, like dinghies, safety equipment, etc!

• Now this is the one I really like and until recently, the term was not even that well known – force majeure. And there is no qualifying statement, just the knowledge that you are covered for natural disasters. That rocks if you’ve lived, race or cruised in this country during the last 20 years, especially.

It seems a somewhat sad state of affairs that in these litigious times, one could get inspired by insurance that offers you protection from liabilities, both here in Australia and elsewhere in the world. Alas, a quick glance through this list could well have you nodding your head in agreement.

• Unpaid crew and guests are covered for injury and claims against either an uninsured third party or even yourself! You also get cover to look after the cost of your defence in an unjustified claim.

• Additionally, your cover as Skipper applies to a borrowed or chartered vessel in another country and your own vessel has a specified limit of AU$150,000 to account for being impounded by overseas authorities.

• Statutory Authorities’ costs associated with an unintentional activation of your safety systems and also water pollution are taken care of.

• You get some regatta coverage included as standard and also your tenders and additional sports equipment fall under the umbrella of your policy, too.

• Just as before, the final item is a classic. The scope of your liability cover extends to injury, death, financial loss and property damage to third parties. Excluding your own self, that pretty much covers the lot, as your vessel will be under your Pantaenius hull policy.

Just like Sam Kekovich, let’s now ask, ‘Who’s in charge, here?’

The newly appointed Managing Director of Pantaenius Australia is James MacPhail. He’s been a passionate racing yachtie for what he’d say is forever and has been selling boats for equally long. He understands the needs of the market place.

‘Pantaenius is known in Australia for Bluewater cruising. Pretty much everybody in Australia who goes cruising worldwide, or buys a boat in the States or Europe and then sails them around before bringing them back to Australia, end up with insurance from Pantaenius.’

James MacPhail - Managing Director of Pantaenius -  Pantaenius   Click Here to view large photo
‘Primarily, this is because we are one of the few companies that can offer a single policy, which allows someone to cross multiple jurisdictions. The reason we can do that, is because instead of working with a single underwriter, we work with pools of underwriters and it is the pools of underwriters that are licensed and able to work in different jurisdictions independently, which then allows us to tie a single policy together.’

‘It is our intention to grow our market here in Australia, by getting our other products out to other types of marine enthusiasts. There are also a large number of Australians that have already got policies with Pantaenius anyway, which are currently being managed by one of the offices overseas, and all those policies will effectively be merged into the Australian entity and then managed and run from here’, James added.

Of the points of differentiation detailed above, James went on to say, ‘Firstly, we are able to insure people who want to take their boats outside territorial waters. We can insure people who want to do things that other insurance companies can’t, won’t or are disinterested in insuring.’

‘Some of our competitors either don’t offer or certainly don’t promote things that Pantaenius can do, such as the agreed fixed value policies, which we offer as standard. In terms of excesses, we provide a no excess clause on a range of different losses, including total loss, so that when someone loses their boat in accidental circumstances, then they wouldn’t be contributing to a payout via forking out their own excess.’

‘Another would be the consequential clause that a lot of insurance companies apply to rig damage for racers and cruisers, where if something fails as a result of wear or tear, or failure of a component or part, a lot of our competitors don’t actually insure that consequential loss.’

‘This is absolutely one of the main reasons why most masts come down and it is a feature of our standard policy. By way of example, if a rigging screw fails because of a fracture or being either poorly installed or maintained, whilst we don’t insure the specific part, which becomes negligible in the final wash up of a major claim, we do insure the consequential loss, which is the cost of the rig and everything else that has been damaged or broken as a result of the failure of that component. This really is pretty unique in the industry.’

By way of further detail, James went on to add, ‘If the boat is new, then we don’t push them to survey the boat aggressively until it gets to five or seven years old or if it is racing yacht that has done miles and miles, then we look for a rig report and surveys. If something is missed and the rig falls down because of a component that failed, whether it is wear and tear or not, we still insure the consequential loss of the rig and that is pretty major.’

‘In terms of the business of actually making a claim, Pantaenius would appear to be quite different. James explains, ‘We don’t need loss assessors because we actually manage our own claims in-house. Sometimes we will use the services of a marine surveyor or loss assessor, but they are appointed just to produce an independent report. In a lot of cases for a fairly standard loss or pretty basic claim, where the customers and ourselves are comfortable that the resolution makes sense and everyone is happy, we actually process the claim in-house.’

‘This is a unique structure in the Australian Insurance Industry. No one else can operate in this way, which is why we process claims significantly faster.’

‘Out in the Australian market place I know of a number of claims that are well outside of 12 months, with owners desperate to get resolution. Conversely, we have got a record around the globe for settling within 45 to 60 days, normally. We are the one point of contact.’

It is that time of year again, when the focus is on the Rolex Sydney Hobart Race and James had this to say, ‘If you have a production cruiser/dedicated racer that is properly built and maintained, then absolutely we will be there to offer you insurance. There are boats that go to Hobart every year that we would consider, as the owners are sensible and well prepared. Absolutely we will be there to insure them or a well prepared new outfit.’

Having asked all of that, it now seems like a particularly good time to go and do your own study, before we come back for Part II of, ‘So just who is Pantaenius, then?’

Now to reach Pantaenius Australia and ask for your quote, call 02 9936 1670, email info@pantaenius.com.au or go to www.pantaenius.com.au


by John Curnow

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=103168

8:18 PM Wed 24 Oct 2012GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.


Related News Stories:

03 Nov 2012  So just who is Pantaenius, then? (Part II)
22 Oct 2012  PANTAENIUS Sail & Motor Yacht Insurance opens office in Australia




News - USA and the World

Rolex Sydney to Hobart: Replay video coverage on Sail-World *Feature by Richard Gladwell/Sail-World.com/nz
Replay of the start of the 2014 Rolex Sydney to Hobart Race. The fleet is expected to experience fresh to strong headwinds for the start and first 24 hours, although winds will moderate towards the end of this period. ... [more]  

Will Comanche take a scalp? by Rob Kothe and the Sail-World Team
After blasting off the startline earlier today, Jim Clark's Comanche continues to hold the lead in the 2014 Rolex Sydney Hobart race eight hours into the race. ... [more]  

A stiff southerly is testing the boats and sailors on the first afternoon of the 2014 Rolex Sydney Hobart and by late afternoon, four yachts had retired from the Cruising Yacht Club of Australia’s annual race. The first casualties of the race were Tina of Melbourne, forced out because of hull damage and Bear Necessity with a damaged rudder, just two hours into the race. ... [more]  

2014 Rolex Sydney Hobart Yacht Race: The 117 competing yachts, including five 100-foot Maxis, represents the race’s largest number of starters since 1994. Of the five Maxis, Jim Clark’s Comanche (USA) made the early gains in the race’s 70th edition, reaching the first mark in record time and setting a blistering pace. Seven-time line honours winner Wild Oats XI was in close pursuit. ... [more]  

Rolex Sydney Hobart Yacht Race 2014: A memorable edition of the 628-nm race appears certain, with the contest between the fleet’s five Maxi yachts living up to the pre-race hype. At 8:00pm local time, Comanche leads seven-time line honours winner Wild Oats XI by one nautical mile, with Anthony Bell’s Perpetual Loyal and Syd Fischer’s Ragamuffin 100 just a few miles behind the leading duo. ... [more]  

Top international photographers, Carlo Borlenghi and Daniel Forster were on the water, and in the air, for the start of the 70th edition of the Rolex Sydney Hobart Race. Here is a selection of their images of the day. ... [more]  

Rolex Sydney Hobart Yacht Race 2014 - Start photos by Andrea Francolini. ... [more]  

Comanche skipper Ken Read was in fine form in this video interview. He says On the first night, will there will be too much upwind to be able to send it? It absolutey plays on my mind as the skipper this boat is untested. We’re completely cutting edge, and when it's cutting edge it’s a Formula 1 race car that blows up its engine on the first lap. ... [more]  

Rolex Sydney Hobart Yacht Race: Brad Kellett, Brindabella’s sailing master, reported that while he was doing his regular checks this evening he discovered larger than normal quantities of water in the bottom of the boat, found to be coming from damaged rudder bearings. 'We were just coming into our own after a risky tactical decision to go offshore paid off,' a disappointed Kellett said. ... [more]  

Rolex Sydney Hobart Yacht Race - Day 1 start images by photographer Carlo Borlenghi ... [more]  

One of the largest fleets in many years started the 70th Rolex Sydney Hobart Yacht Race today in a building southerly and in bright sunshine. There seemed to be some mind games going on amongst the super maxis during the pre race dry runs as each in turn put in a single reef in the 30 minutes before the start. Possibly there was some tossing of the coin as to whether it was ... [more]  

Rolex Sydney Hobart Yacht Race 2014 - Tony Cable just keeps going on. Last year he finished his 48th Sydney Hobart, setting a record for the number of races by an individual - this year it is number 49 - 49 not out, just one off the half ton! ... [more]  

Rolex Sydney Hobart Yacht Race: Designed for fast broad reaching, the 15 knot plus south-easterly breeze on the harbour was made to order for the big red and black hulled yacht owned by American Jim Clark and his Australian wife, Kristy. After a brilliant start slightly ahead and to leeward of Wild Oats XI, Comanche swiftly unfurled her giant spinnaker and took off, quickly ‘rolling the Oats’. ... [more]  

America’s Cup winning skipper Jimmy Spithill could well be the most overqualified grinder you’ll see in action in the Cruising Yacht Club of Australia’s Rolex Sydney Hobart start line today. 'He’s been a wonderful team player and literally in the pre-start you’re going to see him grinding, he said he’d do whatever it takes, and he’s lived up to that,' Comanche skipper Ken Read said. ... [more]  

Expect a spectacular and very fast start down Sydney Harbour in the Rolex Sydney Hobart Yacht Race this year. At the final briefing for crews at the Cruising Yacht Club of Australia this morning, the Bureau of Meteorology’s Andrew Treloar told the sailors that a southerly front is expected to move through Sydney about an hour before race start. ... [more]  

Chicken pies, the gooseneck and the voodoo stick were the last items to be ticked off today in Wild Oats XI’s preparation for a record-breaking bid in the Rolex Sydney Hobart race, which starts on Sydney Harbour at 1pm tomorrow. ... [more]  

The 2014 Rolex Sydney Hobart coverage will go live at 0800 AEST with interviews, but will play the promo until then. ... [more]  

In the media scrum for interviews with the skippers and owners of the five super maxis that followed a short press conference at the CYCA on Christmas Eve, anyone from outside the yachting scene might not have noticed one of the world’s finest sailors and circumnavigators standing quietly to one side chatting with Iain Murray and Steve Jarvin ... [more]  

America’s Cup winning skipper Jimmy Spithill could well be the most overqualified grinder you’ll see in action in the Cruising Yacht Club of Australia’s Rolex Sydney Hobart start line today. 'He’s been a wonderful team player and literally in the pre-start you’re going to see him grinding, he said he’d do whatever it takes, and he’s lived up to that,' Comanche skipper Ken Read said. ... [more]  

When most would have been sitting down for Christmas lunch the Wild Oats XI team were to be seen out on Sydney Harbour testing their new - and appropriately named - gooseneck, that replaces the one that failed when out training earlier in the week. In a puffy nor'easter Wild Oats XI headed to Manly on the wind, swung around close to the Manly East mark and headed back down the harbour for home. ... [more]  

Rolex Sydney Hobart Yacht Race 2014 - The Weather Gate *Feature by John Curnow and Rob Kothe, Sydney
In order to win this iconic ocean race,on handicap, there are three things you absolutely need to have accomplished. Two you can do something about, whereas the third is entirely out of your control. ... [more]  

For Christmas a Shiny new Sail-World.com *Feature by Brendan Maxwell
Santa’s elves started on January 7th 2014 building a set of shiny new Sail-World.com websites and just minutes before Christmas morning in one of Santa’s first touch downs Auckland New Zealand , TetraMedia General Manager Jedda Murphy flicked the switch on the dedicated TetraMeda servers in Frankfurt Germany to take almost all our world-wide audience to the new Sail-World sites. ... [more]  

Professor Pat Pending had the most amazing Convert-a-Car in the 60s cartoon series, the Wacky Races. It could do just about anything. Come Boxing Day and the start of the 70th Sydney-Hobart, some may well wish they had a Convert-a-Boat. Being a hundred feet at the start would be cool. You get away off your own line and in clear breeze. You’re also well inside the rulebook. ... [more]  

Few Americans have won more sailboat races than Ken Read, 53, the President of North Sails . Read is skipper of Comanche, Jim and Kristy Clark’s new 100-fooer, one of five that will be lining up on the startline of the Sydney to Hobart. I caught up with Read some 48 hours before the start to get his pulse on the race, Comanche, and the adventure that lies ahead, en route to Hobart. ... [more]  

The skippers of the five 100 foot super maxis battling for Line Honours in the Rolex Sydney Hobart Yacht Race speak about the boats, the weather and their expectations. ... [more]  

For sure Christmas is upon the 16 skippers of the Barcelona World Race, but the way they enjoy it or deal with it will be different from team to team, and skipper to skipper. But for everyone the thoughts of the 31st December start, and what lies ahead for the coming three months, are impossible to suppress. Even on Christmas Day. ... [more]  

Volvo Ocean Race: Team Vestas Wind recovery video *Feature by Richard Gladwell/Sail-World.com/nz
Three and a half minute video of the Team Vestas Wind recovery operation from the reef at St Brandon. The Volvo Ocean Racer struck the reef on November 29, just after nightfall breaking off both rudders, she also ;ost a considerable part of her stern section. ... [more]  

The magnitude of this 70th edition is reflected in the size of the international fleet: the forecast 117 race entrants, comprising yachts from seven different countries, represents the most sizeable Rolex Sydney Hobart depart since 1994. 'This year is both the 70th edition of the race and the 70th anniversary of the Cruising Yacht Club of Australia,' explains John Cameron. ... [more]  

The lightest of the supermaxi's Syd Fischer's Ragamuffin 100 suffered a major structural deck failure in pre-Hobart training. Sailing master David Witt explains in his usual laconic manner just what happened. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - Sydney Hobart yacht race record holder, Wild Oats XI, is the centre of an intense repair effort on the eve of the big race after suffering damage during her most recent training run. ... [more]  

2014 Rolex Sydney Hobart Yacht Race images are provided by Photographer Carlo Borlenghi. ... [more]  

Images of five faces behind the 100ft super maxis taking part in the 2014 Rolex Sydney to Hobart provided by Photographer Andrea Francolini. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - Sailors in this year’s Rolex Sydney Hobart should watch what they eat on Christmas day or they may well watch Christmas dinner all over again on Boxing Day. ... [more]  

Comanche Designers talk before Sydney Hobart
Olympic Sailing Waters - Rio de Janeiro
St. Maarten Heineken Regatta - Holiday gifts for a range of entries!
2014 Rolex Sydney Hobart Yacht Race - To Hobart in Style
Rolex Sydney Hobart Race: Ken Read's notes on Comanche
Rolex Sydney Hobart: Rio 100 - A supermaxi is reborn + Video *Feature
Volvo Ocean Race: Video of Team Vestas Wind being removed from reef
St. Maarten Heineken Regatta - Holiday gifts for a range of entries!
Entries open for 2015 ORC Championship events
Rolex Sydney Hobart - Levelling the playing field
Rolex Sydney Hobart Yacht Race video preview
Rolex Sydney Hobart Yacht Race - It's a Woman’s world too
Moth Worlds – Looping the loop *Feature
Miami Winter Series - M32 racing gets underway
Rio 2016 - Super-bugs found in Rio sailing waters
Building the bridge from Optimist to Laser and beyond – with Byte C1 *Feature
Kieler Woche - Notices of Race published – entry systems are now open
Adventures of a Sailor Girl: News and interviews from December 22 show
RORC Transatlantic 2014 Race Lanzarote-Grenada - Overall report
Volvo Ocean Race: Team Vestas Wind images from the reef recovery
Volvo Ocean Race: Team Vestas Wind recovered from reef   
RORC Transatlantic Race 2014 - Prizegiving   
Qingdao to continue as Asian ISAF Sailing World Cup venue   
2014 Rolex Sydney Hobart Race - Will it be Bash and Crash?   
Rolex Sydney Hobart Race: USA's RIO 100 trains off Sydney Heads   
Rolex Sydney Hobart Race - Weather early Xmas gift for small yachts   
2014 Rolex Sydney Hobart Yacht Race - Hollywood focused on victory   
Soldiering on in the 70th Rolex Sydney Hobart Yacht Race   
Mount Gay Round Barbados Race Series - Count down to Caribbean opener   
Barcelona World Race 2014-15 - The mental game + Videos   
Rolex Sydney Hobart: Jim Clark's thoughts on Comanche's maiden race *Feature   
St Thomas International Regatta announce sponsors   
2014 Rolex Sydney Hobart Yacht Race - Salt water therapy   
Soto 40 South American Tour - Coming soon   
Flying Dutchman Worlds on Sydney Harbour   
Moth Tutorials - Presented by Nathan Outteridge   
America's Cup: Full CAS report finds both ISAF and de Ridder at fault *Feature   
2014 Rolex Sydney Hobart Yacht Race – One race many nations   
ORC announces new ORCsy rule for superyachts   
Rob and Scarlet’s big adventure before Rolex Sydney Hobart Yacht Race   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News





Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT