Introduction - superyacht wire 2023
Welcome to the latest ITIC wire, the superyacht wire.
Paradise is not twice as nice
The real name of the yacht in this claims example has been changed and a fictional name is used.
Stick with Shipman for superyachts
The difference between a yacht and a ship has become blurred over the years due to the increase in the size of the yachts.
It’s still a bit tender
ITIC insured a yacht manager who was replaced by a new manager at the end of an extended winter refit in the South of France.
January sails - everything must go!
An agent was appointed by the owner of a sailing super yacht calling at a Mediterranean island.
It’s all a matter of class
A yacht broker and manager acted for a client who wanted to purchase a yacht for family use but which he would also be able to charter out commercially.