Marine insurance 'not quite so rosy'

Marine insurance 'not quite so rosy' | Insurance Business

Marine insurance

The new MD of a marine insurer has stated that the space might not be as rosy as some would have you believe.

Jamie MacPhail, the newly appointed managing director of Pantaenius Australia, was discussing the firm and his plans to and said: “Looking at the Australian marine insurance scene, you get the impression that it may not be all as rosy out there as our competitors may have you believe. It is definitely going to be interesting to see where we end up.” 

Pantaenius Australia recently moved the headquarters of their operation to The Spit in Northern Sydney, a move MacPhail claimed has attached more attention for the firm.

“The move to The Spit has been a great thing for us, as it is far more active, with a greater number of people around. There are seven brokers in a 250-yard radius and customers down here all the time looking, inspecting, and testing," he said.