CAPTAINS AND YACHT MANAGERS RESPONSIBILITIES AND INSURANCE COVERAGE DURING REFIT OPERATIONS
The repair and maintenance industry for large yachts is changing. Legal, quality, and safety standards are improving year on year and therefore, the responsibilities for managing the various resources required to carry out a successful refit project must be clear. Our panel of industry experts will inform attendees including captains, yacht managers and nautical companies about how the rules of the game have changed, which key roles are now essential in the management of a successful refit and, how to adapt in order to carry out the works in a safe way with maximum guarantees and legal coverage.
Currently Director of Underwriting at Millstream Underwriting Limited Ltd one of the largest Yacht and Marine Leisure Underwriting Agencies in the London & European Markets who market their products under the brand names of: Yachtsure24, Yachtsure, Marinasure & Racecover. Millstream have Underwriting authority from both Lloyd’s and the Company market and represent some of the largest and highest quality Insurers in the World. They insure a wide spectrum of yachts ranging from €5,000,000 to the €500,000,000 Mega yachts seen in Monaco. We developed a specialist product “Racecover” for the high tech state of the art racing yachts and have insured the Volvo 65 fleet, Open 60’s, GC32’S and TP52’s among many. I currently manage a team of 6 people underwriting a portfolio of Yacht & associated products,, Marinas, Yacht yards and Builders Risks with a GWP of just under £20,000,000 I have worked in the Lloyd’s market since 1977 and have been a leading underwriter within the yacht market since 1985. I have specialised in the Yacht and Marine Trade/Leisure Industry over the last 35 years and have been both Chairman and Deputy Chairman of the Yacht Advisory Committee and Vice Commodore of Lloyd’s Yacht Club. I previously sat on The London Joint Hull Committee for 8 years and also Chaired the International Union of Marine Insurers Inland, Fishing vessel and Yachts (IFY) Committee for a number of years. I have spoken at many International Conferences including IUMI, Project 2002, Seas 2004, the Global Superyacht Forum, the Asia Pacific Superyacht Conference, The World Marina Conference and Chaired the Future of Superyachts Conference for over 5 years.
For 17 years, I have been managing the Spanish branch of Pantaenius, Europe's leading specialist for boat and yacht insurance. I know what it means to be a decision-maker in a male domain, and not just because of the establishment of this branch. Born in Germany, I have been involved in the Balearic yachting industry for 30 years. My passion for boats was passed down to me from at a very early age. As a child, I was always enthusiastic about star and dragon sailing. Today, with the same enthusiasm, I am the contact person for yacht owners of all kinds and can rely on my excellent team and our first-class products. Passion and uncertainty can be like two sides of a coin and therefore, the expectations of out and out sailors versus recreational boaters can be very different when it comes to insurance. My aim is to make Pantaenius the best choice at all times, for any owner, for any particular requirement. With access to the Lloyds insurance market on the one hand and in-house developed insurance solutions on the other, Pantaenius is well equipped to design a suitable solution for every need. Our healthy independence from the price battles in the London market have always allowed us to focus on our core competencies, with quality as our chosen benchmark. Pantaenius’ unique structure allows us to take a different path whenever necessary or appropriate. With our network of eleven offices we have the ability to work across multiple time zones and languages without any third parties involved. We can issue policies in your local language and our 24/7 claims department works the same way. This is a major advantage for every policyholder, captain and crew that surpasses the capabilities of most other providers. Pantaenius not only creates links between the world's superyacht hubs, but also offers true local service wherever the yacht goes.
Jose Cuart, Graduated in Nautical Engineering and Maritime Transport from the Polytechnic University of Catalonia, and Graduated in Economic and Business Sciences from the University of the Balearic Islands. More than 30 years of experience in the insurance world, having worked as a manager in the Balearic Islands in the Insurance Brokers; Gil&Carvajal, AON, Artai, and currently as Director of Howden Baleares. He was previously sailing as a merchant marine officer completing his maritime training in shipping companies; Transmediterranean, Transatlántica, Contenemar. He is currently the 1st Vice President of the Club de Mar de Mallorca. With extensive experience in the nautical insurance sector, he has organized and participated in the main Nautical Conferences held in the Balearic Islands in recent years. A year ago, Howden integrated the broker Sturge Taylor, a specialist in insurance of large yachts, and with the opening of an office in Mallorca in May.
Peter has been involved in the Superyacht industry for over 40 years having had a successful career at sea, including as a yacht captain, for over 16 years. He joined Pinmar in 1998 to develop the Barcelona facility and later became the General Manager of Pinmar. Peter headed up the expansion of Pinmar into the New Build sector in Germany in 2005, after which he took over Pinmar USA as Managing Director. As Peter continues to run the US business and its expansion, he also supports the Group and the COO on special projects using his deep experience of the yachting industry.