Newsroom

Marina Fire - Piraeus

5th August 2024

In news that is likely to unsettle an already jittery marine insurance market, a major fire in Marina Zea, Piraeus over the weekend looks to have claimed 33M O'Riana and 42M Libra Y. Both yachts reported to have now sunk as a result. This is the latest in a number of high profile, costly, yachting losses. Premium hike incoming!!hashtag#marinafire hashtag#insurance hashtag#piraeus

Sanlorenzo to acquire Nautor Swan Group

2nd August 2024

Interesting marine business news as SanLorenzo is set to acquire the Nautor Swan Group.Sanlorenzo CEO Massimo Perotti says "......The merger of Sanlorenzo and Nautor Swan, each with its exclusive, limited offerings aimed at a discerning clientele and with no overlap in product portfolios, will establish a unique yachting hub unlike any other, featuring the best of both motor and sailing yachts."This in undoubtedly partly fueled by Sanlorenzo's sustainability commitment and Nautor's considerable previous progress...

Alcohol Onboard

31st July 2024

A few words of caution from our friend Hugo Jacqout at Fort Insurance.… “With the summer days upon us, it will be tempting for crew to go and share a few drinks together, however with most yachts and superyachts having a zero-tolerance policy for alcohol and drug consumption, what may seem to be an innocent social event with crew members could end up in a very costly affair for owners. Indeed, whilst...

Cornerstone On The Road – September 2024