Willis Opens New ‘Superyacht’ Office in Barcelona

Willis Group Holdings announced the imminent opening of new Superyacht insurance brokerage office at the prestigious MB92 shipyard in Barcelona, planned for September. In connection with the new facility Willis said it “is offering all visitors a free analysis of their insurance arrangements at the MB92 shipyard.

“Willis’ Superyacht insurance specialists already have offices in London, Ipswich, Amsterdam, Singapore, Sydney and Fort Lauderdale. The new site reflects Willis’ desire to support its clients in the expanding European Superyacht market.”

The announcement indicated that while the insurance industry anticipates growth in Superyacht coverage demand in China, India and South America, “Europe remains an important market.”

Neil Macnaughtan, Managing Director of Willis Global Marine noted that the “European large yacht market remains surprisingly resilient despite turbulence in world economic markets.” He added that “Willis’ new office in Barcelona demonstrates our commitment to clients, owners and operators in the Mediterranean region, which is important for growth and also continues our support to the large yacht industry globally.”

Mark Feltham, Executive Director of Willis’ Global Superyacht practice, explained that the “MB92 shipyard is one of the world’s pre-eminent refit centers for large yachts. Our choice of Barcelona as the venue for this new project reflects our confidence in MB92 over the long term. The recent expansion in their facilities shows us that they have significant confidence too. Willis is very excited about opening a new office in this world renowned location.”

Source: Willis Group Holdings plc