We sat down with Mike Wimbridge, Managing Director at Pantaenius UK, a leading yacht insurance broker with a history stretching back to 1899.
Mike shared how Pantaenius grew from its roots in Germany to become a major global player in yacht coverage.
We discussed the joy and challenge of insuring boats of all sizes, and why personal service is just as important today as it was decades ago.
| You can watch this interview on YouTube or listen on your favourite podcast platform. |
Pantaenius started offering yacht insurance in the late 19th century.
They wrote one of the first private yacht policies on record.
Today, they are still family-owned, with offices worldwide—from Sweden and Spain to Australia and New Zealand.
This strong heritage shapes everything they do.
Although Pantaenius covers thousands of clients, they still believe in one-on-one attention.
That personal touch remains central to their success.
While many insurers rely on digital portals, Pantaenius also keeps a “boots on the ground” approach.
They have offices in marinas so boat owners can drop in and talk to a real person about their insurance needs.
"Good old-fashioned customer service is at the heart of what we do.
We give boat owners a choice to go online or pick up the phone, day or night."
— Mike Wimbridge, Managing Director, Pantaenius UK
Insurance is often about trust.
Yacht owners want to know they can contact someone who understands their vessel—whether they’re docking in Denmark or cruising around Greece.
As Mike notes, insuring a yacht is not the same as insuring a car.
Yachts can sail anywhere, face rough seas, and carry crew and personal items.
Owners need a quick response if something goes wrong at sea.
"We’re a 24-hour business because boats can sail anywhere, at any time.
If our clients need help, we’re there."
— Mike Wimbridge, Managing Director, Pantaenius UK
This approach includes advising new yacht owners.
For example, they may discourage difficult passages—like the Northwest Passage—if someone doesn’t have the right experience.
Mike spoke warmly about Wetwheels, a charity that makes boating accessible for disabled people.
Led by Geoff Holt, Wetwheels’ adapted powerboats allow wheelchair users to enjoy the open water with family and friends.
"When you see a young person smile after feeling the sea spray on their face, it reminds you why you’re in this industry."
— Mike Wimbridge, Managing Director, Pantaenius UK
Pantaenius supports Wetwheels through sponsorships and events.
Mike encourages anyone who loves boats to donate or volunteer.
Watch Pantaenius' webinar with Wetwheels patron Geoff Holt MBE DL.
Learn more about the partnership with Wetwheels.
We asked Mike what advice he would give to his 18-year-old self, just starting out in insurance.
He said he’d tell himself to be more patient.
Good opportunities come as you gain knowledge.
"You can’t fast-track experience, so take a breath and enjoy the journey."
— Mike Wimbridge, Managing Director, Pantaenius UK
Yacht insurance covers unique risks such as long-distance cruising, crew issues, and expensive onboard equipment.
The Royal Yachting Association (RYA) provides tips on choosing the right policy.
Many owners see their yachts as a home away from home.
Having an insurer who knows the details of boating life can help during stressful events like storms or engine breakdowns.
They run a 24-hour claims service.
Thanks to a global network, they can offer help in marinas worldwide if you have a problem at sea.
You can donate or volunteer. Visit the Wetwheels website to learn more about upcoming programmes and events.
Pantaenius UK, Official Website
Wetwheels Foundation, Official Charity Site
Royal Yachting Association (RYA), Boating Guidance
Marine Insurance Act 1906, Legislation.gov.uk
Sam Kendall, 19.02.25
Sabrina McClune, 19.02.25