Please select your home edition
Edition
Vaikobi 2024 December

Nautilus Marine Insurance merge SPT Insurance Personal Watercraft portfolio into their product line

by Nautilus Marine Insurance 27 Jul 2023 19:38 PDT
Jet Ski © Kawasaki

Established for over 18 years, Nautilus Marine Insurance is a leading and innovative insurance provider of insurance solutions to the Australian and New Zealand marine leisure market. Providing quality cover for private vessels, marine businesses, and supporting the industry is at the very heart of what they do.

In July 2022 Nautilus Marine Insurance partnered with SPT Insurance to manage and underwrite SPT's established Personal Watercraft (PWC) portfolio. Over a 12- month period both teams worked closely together to ensure a smooth transition took place. The successful result produced enhancements in cover and competitive premiums, and a streamlined market approach for existing and potential clients. The successful partnership between Nautilus Marine Insurance and SPT has progressed to the stage of a full purchase agreement of the portfolio. The completion of the purchase process will be effective as of 1st August 2023.

Lyndon Turner, CEO of Nautilus Marine Insurance, commented on the announcement. "I have been associated with SPT directors Brian Salisbury and Roslyn James and their team for over 20 years now. We have always respected their specialised PWC program and have had a positive experience underwriting it. To be able to look to the future by completing this full purchase transaction is an exciting move and we look forward to providing first class insurance to the customers."

SPT Insurance Principal Brian Salisbury comments "SPT Insurance has been in the marine insurance market for 38 years, and throughout that time we have placed integrity, caring service, and reliability at the heart of what we do. We also highly value expertise and long-term relationships and have known Lyndon and members of the Nautilus Marine Insurance team for many years. So, we knew partnering with Nautilus Marine Insurance would lead to significant benefits for our customers. Nautilus Marine Insurance share many similar values with SPT Insurance and are experts in the marine insurance space, offering a premium product with quality coverage, service and claims support. The portfolio purchase is a natural evolution of our partnership with Nautilus Marine Insurance and we take great comfort in knowing that our customers will be in safe hands with the Nautilus Marine Insurance team."

The successful outcome of the transition, and enhancement of the PWC product offering, is seen by all parties as an endorsement of many years of hard work from the SPT Insurance team, coupled with Nautilus Marine Insurance's purpose-built PWC wording and dedication to the marine industry.

Glen Schembri, Head of Client and Market Development for NM Insurance, has been responsible for ensuring a seamless transition for SPT and its valued clients. "The years of hard work from SPT building a great reputation and portfolio with Jet Ski (PWC) owners coupled with Nautilus Marine Insurances purpose built PWC wording and dedication to the marine industry is a perfect match."

Nautilus Marine Insurance is excited to enhance our support for insurance broker partners and actively seeks engaging conversations with organizations that share our values and objectives.

Nautilus Marine Insurance's PWC policies include:

  • Dedicated personal watercraft policy wording
  • Australia-wide theft coverage
  • Water Skiers liability covered as standard
  • $10,000,000 legal liability as standard
  • Fleet policies for multiple PWC owners
  • Option for Lay-Up cover for the months you are not using your Jet Ski

For more information visit www.nautilusinsurance.com.au.

Related Articles

Saint-Tropez set 52 SUPER SERIES season opener
Crioula and Vayu won today's short, sharp warm-up practice races In a light breeze which reached 10kts at the most - a foretaste of what is forecast for the coming days on the Gulf of Saint-Tropez - Crioula and Vayu won today's short, sharp warm-up practice races. Posted on 29 Apr
La Larga comes to a close
With the prize-giving ceremony at the RCNP The Real Club Náutico de Palma (RCNP) held the prize-giving ceremony for La Larga this Tuesday, 29 April, at 19h00. Posted on 29 Apr
Transat Paprec Day 10
Alexis Thomas / Pauline Courtois (Wings of the Ocean): “It's the fulfillment of a childhood dream” Between two replies, Alexis Thomas, contacted this morning, apologises for "having completely lost track of the day and time." Posted on 29 Apr
The Allure of Timber
The longevity, and sheer beauty, of boats made of wood In these days of exotic materials, high modulus carbon and ultra lightweight construction, it's possible to overlook the longevity, and sheer beauty, of boats made of wood. Posted on 29 Apr
Catch up with the Diam 24OD Class this Spring
While competition is fierce on the water, the class is also building momentum ashore As the World Diam Tour Caribbean season hits its stride under the Saint-Martin sun — with the Diam 24ods putting on a great show at the Heineken Regatta — the action is also under way back in France. Posted on 29 Apr
Rooster Strengthens 2025 Season Partnerships
Commitment to supporting classes and clubs that promote participation, performance, and progression Rooster Sailing Ltd is proud to announce the continuation and expansion of several key partnerships for the 2025 season, along with the addition of a new collaboration with one of the UK's most iconic sailing clubs. Posted on 29 Apr
Jesberg Wins Etchells Orca Bowl
Busch/Madden Win Etchells West Coast Spring Series The Orca Bowl wrapped up the 2025 Etchells West Coast Spring Series on April 26-27 with a 5-race regatta sailed by 33 teams on the ocean course off of Point Loma in San Diego, CA. Posted on 29 Apr
Maxime Mesnil wins Ficker Cup
Field complete for 60th Congressional Cup After a weekend of fierce competition, the field is set for this week's 60th annual Congressional Cup. Maxime Mesnil (FRA) won the Ficker Cup, but it is Nicole Breault (USA) and Peter Wickwire (CAN) who have advanced to the main field. Posted on 29 Apr
Antigua Race Week - Marina Resort Women's Race Day
Tight margins define racing Varied conditions tested teams at Antigua Sailing Week today across a range of wind strengths, with the big boats enjoying adrenaline-pumping speeds of 20 knots in the stronger gusts. Posted on 29 Apr
La Larga crowns the winners of its fifth edition
Marking the official start of the 21st Sandberg PalmaVela The Real Club Náutico de Palma (RCNP) has brought the fifth edition of La Larga to a close, marking the official start of the 21st Sandberg PalmaVela. Posted on 28 Apr
Armstrong 728x90 - Performance Mast Range - BOTTOMLloyd Stevenson - AC Alinghi 1456x180px BOTTOMMaritimo 2023 M600 FOOTER