Skuld Launches Dedicated Super Yacht Insurance Product.

Skuld, already marine insurance provider, is to form Skuld Yacht, a new insurance market dedicated exclusively to the P&I needs of super yacht owners.
With more than 5,000 yachts over 24 metres in the world; Skuld believes that a market of this size and importance creates the need for a specific product to handle the specialist needs of yacht owners.
By creating a specialist yacht department the concerns and requirements of yacht owners will be handled by a dedicated and bespoke team. The company will also give the yacht community a forum for discussion for the first time, as well as provide a think tank for product development and a dedicated market operating solely in their interest.
Skuld already has a long-standing agency relationship with yacht insurer Pantaenius in Hamburg and this will remain unchanged.
Skuld has recruited highly experienced yacht liability professionals to manage the insurance. The underwriting team will be led by Nigel Oakley who, together with Robert Johnston, as executive chairman will oversee the strategic development. 

Johnston founded the yacht practice at British Marine in 2002, and supported by Oakley, they successfully built the business over the following 10 years.