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

9:18 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

Audi Melges 20 North American Championship - Tortoises, and the hare by International Audi Melges 20 Class Association
Racking up wins across North America including the U.S. Nationals, Canadian National Championship and most recently the Pacific Coast Championship, Gomes Neto has remained unfazed and is heading into their biggest challenge yet with a stacked fleet this coming weekend on San Francisco Bay. ... [more]  

It’s been two long years of waiting but the Volvo Ocean Race returns to action in the opening Alicante in-port race on Saturday with anticipation rising thanks to a new one-design boat which promises the closest competition in the event's 41-year history. ... [more]  

Team Vestas Wind's On Board Reporter, Brian Carlin, compiled an interesting gallery of images during the crew's delivery voyage and race qualifier. These are not the usual shots we have come to expect from the Volvo Ocean Race but rather some very clever and outstanding camera work. ... [more]  

It’s back to work for Peter Burling and Blair Tuke, at the Extreme Sailing Series, Nice. After taking a week off after their win at the 49er world championships in Spain and now they’re at Nice, France, for another hectic few days at the Extreme Sailing Series. ... [more]  

2015 ISAF Sailing World Cup Miami - On-line entry will open on November 10, 2014 mocr.ussailing.org/!here!new. The deadline for priority entries with regards to quotas is December 5, 2014. Entries must be received no later than January 5, 2015 to qualify for early entry. ... [more]  

Having won the first race of the 2014 Melges Worlds in Lake Garda and finishing in high in the overall standings, Liam, with team Wildman, Stephanie Roble on strategy, Erik Shampain on trim, Steve Hunt on main and tactics, turns his focus to the 2014 Melges 20 North Americans running this week on San Francisco Bay and the 2015 Audi Melges 20 Worlds coming to SF Bay next year. ... [more]  

With light winds continuing to dominate on day six of the Davidoff Cool Water Sylt PWA Super Grand Slam, the decision was made to begin the Reno SUP Challenge during the afternoon, which saw twelve teams battling it out in heats of two for a place in tomorrow’s final, to keep the crowds entertained. ... [more]  

Three America's Cup sailors have been named in the top 20 sports earners, in a list published in the New Zealand Herald this week. Topping the list is Sir Russell Coutts with a claimed earnings of $13million. He is just a $1million ahead of an English Premier League player, Winston Reid, and motor racing ace, Scott Dixon. All Black captain, Ritchie McCaw is ranked #5. ... [more]  

Photographer Carlo Borlenghi was on deck for day three of Les Voiles de Saint Tropez to capture these stunning images of the action. ... [more]  

Melges 32 World Championship - Prepare for off-the-charts action by International Melges 32 Class Association
Entering its sixth World Championship season, the International Melges 32 Class Association has raced at arguably every world-class venue on the globe, has seen the most respected pro and amateur sailors on its courses and most importantly, learned valuable lessons of what owners and sailors want so that the Melges 32 continues to be strongest one design grand prix sportboat on the planet. ... [more]  

The IFDS Rankings for Paralympic Classes have been released. It's a British 1-2 at the top of the 2.4mR Rankings with Megan Pascoe at world number one and Helena Lucas at world number two. 2014 World Champion Heiko Kroger (GER) sits at world number seven but counts less regattas than those above him. ... [more]  

The International Sailing Federation (ISAF) and Rolex are happy to reveal the Nominees for the ISAF Rolex World Sailor of the Year Awards 2014. ISAF received nominations for the 2014 Awards from across the world for sailors representing all aspects of the sport. ... [more]  

Like the name implies, the goal of the boater-funded BoatUS Foundation for Boating Safety and Clean Water is to educate boaters about safe and clean boating. The Foundation is looking to fund Grassroots Grant projects that utilize new, innovative approaches that encourage safe and clean boating among the boating public. ... [more]  

The 35th edition of the Rolex Middle Sea Race is fast approaching and appears likely to rewrite the record books. Entries are shortly due to close and the Royal Malta Yacht Club is already bracing itself for the biggest fleet to grace its island home since the Great Siege of 1565. The Ottoman Armada of 450 years ago was recorded to be 193 in strength. ... [more]  

The Notice of Race for ISAF Sailing World Cup Miami, scheduled for 25-31 January 2015, has been released. On-line entry will open on 10 November 2014. The deadline for priority entries with regards to quotas is 5 December 2014. Entries must be received no later than 5 January 2015 to qualify for early entry. ... [more]  

A stellar list of just under 100 broadcasters has been lined up to showcase the world’s toughest ocean challenge, the Volvo Ocean Race 2014-15, to a new global audience of fans. The 12th edition has offered channels a line-up of a new 39-part weekly half-hour show plus special short bespoke features. ... [more]  

Photographer Eugenia Bakunova of leading Russian website www.mainsail.ru was on the water at Les Voiles de Saint Tropez on the French Riveria , and provided this gallery of images of the classics and other yachts racing on Day 2 ... [more]  

New Ragamuffin 100 emerges from the hull build in Nowra *Feature by Richard Gladwell/Sail-World.com/nz
Ragamuffin 100, which started out as a modified Elliott design, Maximus, is another supermaxi undergoing a major rebuild or retrofit. Across the Tasman, the new Ragamuffin 100 will be virtually a new boat with a a new hull design by Andy Dovell / Syd Fischer / David Witt. The hull mould and shell was built by Innovation Composites at the Nowra facility. ... [more]  

Southern Spars ships the world's tallest masts by Richard Gladwell, Sail-World.com/nz
Leading world sparmaker, Southern Spars, has shipped two spars for a new 85 metre ketch. The superyacht will carry two 93metre masts which will be the world’s tallest rigs on one gigantic yacht. ... [more]  

Professional sailing photographers from all over the world are invited to join the Mirabaud Yacht Racing Image award 2014. Started in 2009, the Mirabaud Yacht Racing Image is the world’s premier photography competition dedicated to the sport of sailing. The prestigious trophy will be awarded during the World Yacht Racing Forum in Barcelona, on December 11, 2014. ... [more]  

David Kellett (AUS) is to be awarded the ISAF Beppe Croce Trophy which honours an individual for their outstanding voluntary contribution to the sport of sailing. The ISAF Beppe Croce Trophy, first presented in 1988 in memory of Beppe Croce, the ISAF President from 1969 to 1986, will be presented to Kellett at the 2014 ISAF Annual Conference in Palma de Mallorca, Spain. ... [more]  

After being graced with plenty of late summer sunshine during the opening days of the event, more autumnal weather moved in on the fifth day of the Davidoff Cool Water Sylt PWA Super Grand Slam with grey skies and infrequent showers. Unfortunately though the light winds continued as the sailors endured another lay day. ... [more]  

In a move that is expected to benefit recreational boaters, on Oct. 22 the US Coast Guard will drop the current life jacket type code scheme -- Type I, II, III, IV and V -- that has been used for years to label and differentiate the types of life jackets and their specific use. ... [more]  

Kate Nota and her team onboard the J/111 Odyssey won the Ripple Effect Short Video Contest, which was part of the Ida Lewis Distance Race this summer (August 15). ... [more]  

The largest Laser World Championship in history will be taking place on the south coast of France when 515 sailors, representing 36 different countries, begin racing on October 5 to open the 2014 Audi Laser Masters’ World Championships. The Laser remains one of the best and most popular boats worldwide in which to enjoy the sport of sailing. ... [more]  

Carlo Borlenghi was back on the water for day two at Les Voiles de Saint-Tropez to capture these images. ... [more]  

It has been an interesting journey so far for the Chinese team in the Volvo Ocean Race, Dongfeng Race Team. Approximately 10 months ago this team set out on a mission to select and train Chinese recruits in the hope that they would be ‘race ready’ for the start of leg 1 of the Volvo Ocean Race 2014-15. ... [more]  

Volvo Ocean Race fans can now carry the world’s toughest ocean race in their pocket, thanks to the launch of a new official mobile app. Developed for both iOS and Android systems, the app is available for download from the App Store and Google Play now – and boasts a host of exciting features which will allow users to be closer to the on-water adventure than ever before. ... [more]  

Race teams planning next season’s calendar could do worse than sign up for the Mount Gay Round Barbados Race Series 2015 which runs from 16-24 January. This event, which kick starts the Caribbean race season, was re-launched in 2014 with a new race format and plenty of record-breaking opportunities. It proved such a success that an even bigger entry is expected in 2015. ... [more]  

Photographer Eugenia Bakunova of leading Russian website www.mainsail.ru was on the water at Les Voiles de Saint Tropez on the French Riveria , and provided this gallery of images of the classics and other yachts racing ... [more]  

Sunset+Vine|APP, the Oxford-based unit of the multi-award winning UK independent TV sports production and media company Sunset+Vine, has helped ISAF smash all previous broadcaster records for the recent Santander 2014 ISAF Sailing World Championships. ... [more]  

2014 ISAF Sailing World Cup - Melbourne - Don’t forget to enter the ISAF Sailing World Cup – Melbourne. There are only two days left to take advantage of the discounted entry price offer. ... [more]  

2014 12 Metre North American Championships - Two days of a northerly (first strong, then light) and one day of a building southwesterly put six 12 Metre yachts to the test at their North American Championships, which were held off Newport, R.I. over September 26-28. Gunther Buerman’s (Newport, R.I.) KZ-3 and Dennis Williams’ (Hobe Sound, Fla.) Victory ’83 defended their titles ... [more]  

Sylt PWA Super Grand Slam - Waiting game continues on day 4
Platu 25 World Championship - Euz II Monella Vagabonda wins again
Les Voiles de Saint-Tropez - Day 1 images by Carlo Borlenghi
Les Voiles de Saint Tropez - Day 1 action shots by Ingrid Abery
U.S. Team Racing Championship - Ladies and Gentlemen victorious +Video
National Sailing Hall of Fame inducts eight
2016 ISAF Youth Match Racing Worlds - Bid guidelines now published
Volvo Ocean Race: Last medical training for the onboard sailors +Video
2014 Melges 20 Pacific Coast Championship - Images by Erik Simonson
J/105 North American Champs- Rod Wilmer and Terry McLaughlin succeeds
Extreme Sailing Series: Burling and Tuke back on board for Nice Act
2014 Buddy Melges Challenge - Lotte Meldgaard Pedersen wins US event
America's Cup: Oracle Team USA's AC72 takes to the streets
Alpari World Match Racing Tour - Canfield wins first Dutch Match Cup
Pantaenius and Camper & Nicholsons Marinas become strategic partners
Kite Foil Gold Cup Australia 2014 – Day two video
Bart's Bash: Update and Video - Information overload!
2014 U.S. Team Racing Championship - Day 2
2014 Buddy Melges Challenge - USA leads Denmark in Sheboygan final
2014 U.S. Adult Sailing Championship - Benz Faget wins third mallory
J/105 North American Champ - Wilmer/McLaughlin team maintain advantage   
Images from Cannes: Régates Royales – Trophée Panerai   
Régates Royales – Trophée Panerai: Cannes at its best   
Dutch Match Cup - Gilmour keeps clean sheet in Lelystad   
Dutch Match Cup - GAC Pindar through to fifth consecutive semi-final   
Hobie 16 Open North Americans and 2015 Pan Am Games qualifier overall   
Volvo Ocean Race - Frostad on Boat Design and final changes (Part II) *Feature   
Volvo Ocean Race 10 days to go – Frostad on cultural change (Part I) *Feature   
2014-15 Volvo Ocean Race on NBC Sports Network in the U.S.   
2014 J/24 World Championship - Will Welles’ Cougar clinches   
2014 Buddy Melges Challenge - Meldgaard and Le Berre ready for semis   
2014 U.S. Adult Sailing Championship - Day 3   
2014 U.S. Team Racing Championship - Day 1 + Video   
America's Cup: Then and now - Coutts on why Oracle won, and the Venue   
Byte CII World Sailing Championship comes to Royal Varuna, Thailand   
Dutch Match Cup: Canfield wins Qualifying, six set for Quarters battle   
12 Metre North Americans - A blast from the America’s Cup past   
2015 ISAF Sailing World Cup qualification system published   
Volvo Ocean Race: Mapfre named as Spanish team sponsor + Video   
Extreme Sailing Series returns to Nice for the penultimate Act of 2014   


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 WAS US
LocalAds   DE  ES  FR  IT