The Shipowners’ Club, the mutual P&I insurer specialising in small and specialist vessels has appointed David Heaselden to the new post of Loss Prevention Director, with immediate effect. The post, which is an appointment to the Shipowners’ Protection Limited Board reflects the importance Shipowners’ Club accords to loss prevention advice provided to its Members. Read More
The Shipowners’ Club, one of the few P&I Clubs to offer specialist yacht insurance, has taken a new approach to yacht liability, offering an All-Risk policy that seeks to de-mystify aspects of the traditional wording contained in typical P&I insurance Rules and making the conditions understandable to non-specialist yachtsmen and brokers.
Ardel Trust has been recognised by a leading title within the private client arena, Private Client Practitioner (PCP), in its recent rankings. The Top 25 Trust Companies rankings are based on information provided by firms as well as published data and PAM Insight’s market knowledge. Gary Le Cras, head of the marine services will be representing Ardel Trust at the 2011 Monaco Yacht Show. Read More
Growth in demand for its liability insurance cover for small and specialist vessels of all types is cited as a major imperative behind Shipowners’ moves to expand its team of underwriters and claims handlers at its Singapore branch. Improved customer service to Members and their brokers based on local, time zone based expertise is another goal of the expansion. Read More
As part of its on-going drive to increase both customer focus and operational efficiency, the Shipowners’ Club, which specialises in the provision of P&I insurance cover for small and specialist vessels worldwide, has restructured the key departmental functions at its London branch. Read More
Pantaenius has announced the release of a new All Risk insurance product for Superyachts valued at over 5 Million Euros (€5m). Pantaenius has a proven and well deserved reputation for innovation in the field of marine insurance and has released a new All Risk policy for Superyachts. The new policy has been designed in-house drawing on over 35 years of experience in this specialist market sector. Read More
Moore Stephens Crew Benefits Limited ("MSCB"), a source for niche financial products specifically for Superyacht crew, has announced today that Graham McNamee has been appointed as sales manager in the Riviera. He will be based in Antibes. Graham stated: "With yachts returning to the Med for the season it’s the perfect time to be there". Read More
Following an internal reorganisation, the Barclays Corporate Jets & Superyachts (CJ&S) team now forms part of Barclays Wealth, a leading global wealth management firm, having previously been run as part of the Barclays Corporate business. Read More
Sturge Taylor & Associates Limited, yacht insurance specialists, have subscribed for the benefit of its clients to the Security Advice and Remote Assistance services provided by red24, Global Security Specialists. Read More
In today’s market, finance is not easily available. The biggest ship finance bank, HSH Nordbank, even announced early September that, given the market outlook, it will not finance any new acquisitions of ships. In the yachting market the situation is not much different. Banks are very reluctant to lend money. Read More
In response to growing demand from its clients, Jersey Trust Company (JTC), one of the Channel Islands leading independent financial services firms, has formalised its specialist marine and aviation services offering. Read More
Spencer Lloyd has joined Frank Crystal & Company as the national Yacht Practice Leader within the company’s Private Client Services unit. Lloyd, who is based in South Florida, is responsible for the brokerage, placement and servicing of insurance for a broad array of luxury watercraft on behalf of Frank Crystal’s clients across the globe. Read More
One of the most well known superyacht financing companies, Ciris Capital, has just released information on their latest service; Yachtnote, seller finance services. In the following article Remco Immink, one of the directors of Ciris Capital, explains more about this new service. Seller finance is when the seller of a yacht allows the buyer to pay back part of the purchase price over time. Read More
CRS Yachts, the specialist superyacht insurance broker is pleased to announce the opening of a new office in Antibes, in partnership with Asttral SA. With an ever-growing client account and in order to continue providing optimum levels of service, Antibes will offer our clients in the Mediterranean a more direct point of contact. Read More
Continuing their steady growth pattern in the last two years, OnlyYacht, the dedicated yacht division of Monaco-based SuissCourtage has announced the opening of a new London office, to be headed by superyacht insurance veteran Rupert Beckett. Read More
SuperYachtTimes.com recently spoke with Remco Immink of Ciris Capital about the influence of the credit crunch on the finance of superyachts. Ciris Capital is a company that primarily exists to provide clients with access to loans and other financial arrangements, the current situation obviously has their full attention. Read More
Ciris Capital held a special training day in Monaco and Fort Lauderdale for Fraser brokers from Europe and the United States. This all-day training was designed to help the brokers of Fraser Yachts feel more comfortable discussing yacht finance with their clients. The main focus was orientated around the complexities of the issue and how best to advise clients. Read More
Yacht finance specialist Ciris Capital has recently launched a new website, www.ciriscapital.com. Designed to provide clients and business relations with a wealth of relevant information, the portal includes an extensive Q&A section on three key subjects: Italian lease, yacht finance and purchasing a yacht. Read More
2007 has been a wonderful year for sail and power yacht owners and all other people enjoying a life on the ocean waves. Watching the America’s Cup in Valencia or the Super Yacht Cup in Palma could only make it harder to postpone the decision to purchase or upgrade to that beautiful yacht of your dreams. Read More
Yachting Financial Solutions announce their participation at MYBA show
Gulf Craft and Gulf Finance team up to provide easy financing for buyers
Steamship Mutual launches new Yacht Liability insurance product
Yachtlease International: Ownership made easier and more affordable
Key Recreation Lending expands portfolio of lending solutions for yacht buyers
KeyBank announces record yacht loan volume for first half of 2007
Bank of Scotland Marine Finance launches new superyacht team
Expansion of Charles Taylor marine’s international yacht practice
OnlyYacht exclusive insurance for superyachts, launches at the Antibes Yacht Show
Ansbacher acquires $41 million superyacht finance portfolio from Debis
The Research Vessel (RV) Pegaso just made her debut in Monaco and gave the world a glimpse into her Global Mission for Marine Conservation. Her oceanographic capabilities are impressive: 5-person Diver Lockout submarine, Ice Class notation, 10,000 nautical miles at 12 knots, wet/dry laboratory, and separate scientist quarters. Read More
