Powerboat-World.com
 
 
News Home Video Gallery Newsletters Features FishingBoating Photo Gallery Sail-World Australia Australian Cruising
MarineBusiness-World
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.powerboat-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




Power Boat News

Veteran pilot Philippe Chiappe became the first ever French F1 World Champion in the 31 year history of the UIM F1 H2O World Championship tour by besting three-time titlist Alex Carella by 6.55 seconds at the 15th Grand Prix of Sharjah in front of tens of thousands of race fans on the Khaled Lagoon. ... [more]  

F1H2O Worlds Grand Prix of Sharjah 2014: The CTIC China Team pilot ran his new Moore boat around the 2.2 kilometer (1.4 mile) five-pin race circuit on the Khaled Lagoon in perfect trim, almost on rails, while eclipsing the 45.12 second 167.55 kph lap sent by his closest competitor for the title Alex Carella of the Qatar Team who had to settle for second. ... [more]  

Fischer Panda introduces new marine generator by John Bell, Southlake, Texas
When space is tight, weight is critical and noise is an issue, Fischer Panda continues to fine tune its diesel generator series to provide professional sailors and powerboaters with a great fit,' said Chad Godwin, Fischer Panda’s US Sales and Marketing Director. ... [more]  

The founder of a powerboat racing business is looking to use the cloud to track the company boat's performance during offshore races and keep fans and racing officials updated with animated race visualizations. ... [more]  

The Lakefest Aquatic Week on beautiful Lake Macquarie – just south of Newcastle – is set to become a reality with a number of events confirmed to occur during the February 20-27 week long celebration. ... [more]  

In 2013, over 955,000 boats changed hands on the pre-owned boat market. That meant for a nearly a million boat buyers, hiring an accredited marine surveyor to inspect their potential dreamboat was often the first step after finding it. ... [more]  

Marine Auctions is proud to announce that they will be pioneering their 2015 auctions with live internet online bidding from around the world. This is a huge step for Marine Auctions who have cemented themselves at the forefront within the industry. ... [more]  

In a world first study researchers have found a coral-eating fish that disguises its smell to hide from predators. 'For many animals vision is less important than their sense of smell,' says study lead author Dr Rohan Brooker from the ARC Centre of Excellence for Coral Reef Studies (Coral CoE) at James Cook University. ... [more]  

2014 UIM Skydive Dubai XCAT World Series - Emirates Airline XCAT GP photos. ... [more]  

The overall Series may have already been secured, and they may have been testing new engines, but the Fazza pair of Arif Al Zaffain and Nadir bin Hendi simply couldn’t resist that top step of the podium at the Emirates Airline XCAT GP this afternoon. ... [more]  

73m superyacht Titania to participate in Asia Superyacht Rendezvous by Asia Superyacht Rendezvous, Phuket, Thailand
The impressive 73m (239.5ft) charter yacht Titania has arrived in Thailand for the winter season and will be participating in the 14th Asia Superyacht Rendezvous from 16 to 18 December 2014. This year the event is being hosted by Kata Rocks, an exclusive boutique resort overlooking the Andaman Sea in one of Phuket’s most stunning bays. ... [more]  

The Italian team of Alfredo Amato and Marco Pennesi raced to the quickest time in the first Official Practice ahead of this weekend’s Emirates Airline XCAT GP. ... [more]  

Racing alongside Salem Al Adidi in boat number seven, Dubai, the pair made up for a disappointing morning session in the race for Emaar Pole Position at the Emirates Airline XCAT GP by speeding ahead of all opposition in this afternoon’s knock-out race. ... [more]  

Keep safe on the water this holiday season by Transport Roads and Maritime Services
School holidays are under way and with only a fortnight to Christmas, Roads and Maritime Services urges boaters to keep safe this summer holiday season. ... [more]  

In the final round of the 2014 UIM Skydive Dubai XCAT World Series - 12 December, Dubai – The Videx team of Alfredo Amato and Marco Pennesi continued their fine form at DIMC as they claimed the fastest time of the morning in the race for Emaar Pole Position. ... [more]  

Fountaine Pajot continues its dominance of the world’s cruising catamaran market with the announcement of a new Flagship model, the Ipanema 58. ... [more]  

Watson’s Marine Centre in conjunction with Yamaha Motor Australia is proud to pioneer the way to safer boating by custom-building the first vessel to the latest National commercial safety regulations, set out by the Australian Marine Safety Authority (AMSA). ... [more]  

After a break of two years, Volpe has decided it’s time to get back out on the water and will team up with Norwegian throttleman Pal Virik Nilsen in Lady Spain for the final round of the UIM Skydive Dubai XCAT World Series, which takes place at DIMC from today (11 December) until Saturday (13 December). ... [more]  

The two boats, numbers 4 and 5, will see four hugely experienced pilots taking to the water for the final round of the 2014 UIM Skydive Dubai XCAT World Series at DIMC from 11-13 December. And expectations are high. Paired together in boat 4 are Ahmed Al-Hameli and Scott Gillman while teaming up in boat 5 are another talented pair in Rashid al Tayer and Faleh al Mansoori. ... [more]  

Action Sports Games: The world’s best water sports athletes will be competing at the International Waterski and Wakeboard Federation (IWWF) World Cup Tour on the pristine Mandurah waterways, including current world champion Australian Harley Clifford and Japanese superstar Shota Tezuka on wakeboards, and American waterski champion Freddy Krueger. ... [more]  

Sun shines on Asia Superyacht Rendezvous by Event Media, Phuket, Thailand
The Asia Superyacht Rendezvous will be celebrating its 14th year this December 16-18, showcasing many beauties of the sea, together with some of the best delights that Phuket has to offer. Among the eclectic fleet that will be anchored below the beautiful Kata Rocks Resort will be boats with very diverse heritage and stories. ... [more]  

Yamaha Motor has announced the release of the new F130A. This model was unveiled overnight at the Paris Boat Show. The new F130A fills the only remaining gap in Yamaha’s four-stroke engine range and is especially exciting for Australian customers who have been requesting a Yamaha four-stroke engine in this horsepower category for many years. ... [more]  

Sail-World is now live testing the changed website format. If you are using this format for the first time, please scroll to the bottom of the site and check that your region is set for your region and not some other. It can be correctly set up using the drop down boxes. Then go to the top, click refresh, and you should be away. ... [more]  

The £2.9 million round the world record bid hopes to shave up to seven days off the current record of 60 days 23 hours 49 minutes, held by New Zealander Pete Bethune. It is lead is by British power boating legend Alan Priddy, in a new ‘torpedo’ boat that will pierce the waves, rather than surfing them. ... [more]  

Nicolini and his driver in the boat, Six, Tomaso Polli are relishing the prospect of once again taking to the water at DIMC for the final round of the 2014 UIM Skydive Dubai XCAT World Powerboating Series, starting this Thursday. 'Dubai for me is my home race. I have lived in Dubai from many years and I have raced in Dubai since 1992,' explained Nicolini. ... [more]  

Marine Auctions will be wrapping up its 2014 auction year at Runaway Bay Marina this Saturday the 13th of December 2014. For your last chance to sail away on a beaut vessel, join us at 10am at Runaway Bay Marina 247 Bayview Street, Runaway Bay, Gold Coast Qld. ... [more]  

After farming in Victoria and the Riverina for 20 years Bill Fankhauser and his family decided it was time for a 'sea change' so they sold the family farm and moved to the Gold Coast where in 1983 Bill started a boat sales and repair business called Boatarama at Labrador. ... [more]  

At the 2014 UIM Skydive Dubai XCAT World Series, despite completely dominating proceedings by winning every race so far, the Fazza team of Arif Al Zaffain and Nadir bin Hendi believe there is still room for improvement. ... [more]  

In the 2014 Class 1 World Powerboat Championship Arif Al Zaffain and Nadir Bin Hendi delivered another racing master class to win race two of the Grand Prix of Abu Dhabi and claim Victory Team’s 14th World title. ... [more]  

This summer families are invited to spend the day having an undersea adventure at the Australian National Maritime Museum as it presents a range of activities for children inspired by its brand new exhibition Voyage to the Deep: Underwater Adventures. Have fun making undersea craft, take part in short film making and photography workshops, go on an after-dark tour or enjoy a hilarious theatre show ... [more]  

2014 Class 1 World Powerboat Championship - The climax to the highly successful and competitive first season of the ‘new look’ ClassOne World Powerboat Championship combining C1 catamarans and V1 monohulls will decide the outcome of World titles in both categories. ... [more]  

The new model release makes FlexidockTM stronger, easier to use, and easier to install. Lead times have long been a FlexidockTM issue and when Flexitank first began manufacturing system, Flexitank designed it to suit every individual boat. ... [more]  

Every year, thousands of people suffer from CFP, a poisoning syndrome caused by eating toxic reef fish. CFP symptoms are both gastrointestinal and neurological, bringing on bouts of nausea, vomiting, diarrhea, headaches, muscle aches, and in some cases, the reversal of hot and cold sensations. Some neurological symptoms can persist for days to months to years after exposure. ... [more]  

Bum breathing icon’s future in doubt
Three rescued from capsized boat in late night emergency
Silver Yachts at Singapore Yacht Show 2015
RYA Regional Youth Champion Award 2014 - Make your nomination
Busy first day at 2014 Ocean Marina Pattaya Boat Show
Paul Morgan steps in to support Australian 4x4 and marine industries
Win $5000 Cash to Splash with Club Marine
UIM Skydive Dubai 2014: XCATs back on the prowl in Dubai this December
FLIBS-Editors Choice Awards: MCY86 is the best motor yacht of the year
New exhibition takes kids on a Voyage to the Deep
PredictWind launches new Offshore Application for Mac and PC
FLIR M625 Review – Let there be light!
Thieves wreck Marine Rescue volunteers’ fundraising drive
Results in from ‘Operation Go Easy on the Alcohol’
Kamila Czartolomna presented with brand new powerboat
Tips on boating with dogs
2014 Oceania Marine Technician Grand Prix
2014 Barrie Beehag Ski Race - Line honours to Hellrazor
Auction to be held at Runaway Bay Marina
Garmin introduces new xHD2 Open-Array Radar Series
New transducer line from Garmin boasts scanning sonar   
Partnership to encourage lifejacket use   
Arvor reveals new diesel range   
Garmin introduces new scanning sonar black box   
Fort Lauderdale International Boat Show - Huge success for Maritimo   
Ferretti Group opens its first flagship showroom in Shanghai   
Yamaha announces the end of V4 Saltwater Series 115C and 130B   
GC Marine Expo - Winner Mark is Rib-Ready thanks to Sirocco score   
Review of boat driver licensing in NSW   
Singapore yacht associations to merge   
SBI Key West World Championships - Multiple champions crowned   
Changed boating conditions for power boat races on Lake Albert   
2014 Ted Hurley Memorial Classic to kick off on the Murray   
Yanmar Joystick Control makes boating easier   
Malaysia becoming preferred destination for yachting tourism   
Indonesian Govt eases yacht permits to boost ‘marine tourism’   
Tahitian ‘Art of Dancing’ & Superyachts   
Gamma Yachts delivers Gamma 20 to opera singer Andrea Bocelli   
Boab Boats RIB Challenge at Mandurah Boat Show   
2014 Goodwill Cup - Southport Yacht Club wins   


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/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 PBW
LocalAds   DE  ES  FR  IT