New partnership


Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, has entered into a partnership with newly established superyacht specialists Yachtpod Risk Partners (Yachtpod), an underwriting cell on the Castel Underwriting Agencies managing general agent formation platform, to provide their clients with P&I insurance for yachts, motor sailers and motor yachts including professionally skippered charters. The Yachtpod team, including Iain Cotton and Vladimir Sorgo, will underwrite on behalf of the Club under a delegated underwriting authority which provides P&I insurance up to a limit of US$1 billion. Yachtowners will also have access to the Club’s legal costs cover (LCC) insurance, also known as freight demurrage and defence (FD&D), through Yachtpod.