How World Yacht Insurance works
World Yacht Insurance is an introducer. You send us your yacht and cruising plans, we pre-qualify and pass them to our broker partners, and cover is placed at Lloyd's of London through London Marine Insurance Services Ltd — a Lloyd's-accredited broker — with quotes back in about 48 hours.
The process, step by step
- 1
Tell us about the yacht
Share the vessel type, year, length, agreed value and where you plan to cruise, through our pre-qualifying quote form.
- 2
We pre-qualify your details
World Yacht Insurance checks eligibility against the underwriters' appetite and passes your details to our broker partners for placement at Lloyd's of London.
- 3
Quotes come back from the Lloyd's market
London Marine Insurance Services returns terms from the Lloyd's market, usually within about 48 hours.
- 4
You review cover and bind
Check the agreed value, deductibles and navigational limits, then confirm to put cover in place.
Who's who in your policy
Transparency matters when money and claims are involved. Here is exactly who does what, from your enquiry to the underwriter who carries the risk.
- 1YouThe yacht owner
You share the vessel, cruising area and history through our quote form.
- 2IntroducerWorld Yacht Insurance — Costas Matheou
A licensed Cyprus insurance agent who pre-qualifies your yacht and introduces the risk. Not an insurer; does not carry risk or hold client money.
- 3Broker (Cyprus)AKD Insurance
A.K. Demetriou Insurance Brokers Ltd, our contracted Cyprus broker, which places the introduced business.
- 4Lloyd's broker (UK)London Marine Insurance Services Ltd
A Lloyd's-accredited broker (FCA firm reference 308599) that arranges and places the cover at Lloyd's of London.
- 5UnderwritersLloyd's of London
The Lloyd's syndicates that underwrite the policy and pay valid claims.
Regulatory disclosure
World Yacht Insurance is a trading name of Costas Matheou, a licensed insurance agent in Cyprus, and introduces business through AKD Insurance (A.K. Demetriou Insurance Brokers Ltd, Cyprus). Cover is arranged and placed at Lloyd's of London by London Marine Insurance Services Ltd, a Lloyd's-accredited broker authorised and regulated by the UK Financial Conduct Authority, firm reference 308599. World Yacht Insurance is not an insurer and does not carry risk.
World Yacht Insurance is not an insurer and does not carry risk or hold client money. Cover is subject to underwriting, survey and the policy wording.
Questions about how we work
Are you the insurer?+
No. World Yacht Insurance is an introducer. Your cover is underwritten by syndicates at Lloyd's of London and arranged through London Marine Insurance Services Ltd, a Lloyd's-accredited broker (FCA firm reference 308599).
Who regulates World Yacht Insurance?+
World Yacht Insurance is operated by Costas Matheou, a licensed insurance agent in Cyprus supervised by the Insurance Companies Control Service (ICCS) and compliant with the EU Insurance Distribution Directive. The broker that places your cover, London Marine Insurance Services Ltd, is authorised and regulated by the UK Financial Conduct Authority under firm reference 308599.
Who pays my claim?+
Valid claims are paid by the Lloyd's underwriters that carry the risk, handled through the broker chain. World Yacht Insurance does not settle claims but can help you start the process.
Why is a Cyprus agent arranging Lloyd's cover?+
Yacht insurance is a specialist Lloyd's-market product. As a licensed Cyprus agent working with AKD Insurance and London Marine Insurance Services Ltd, World Yacht Insurance gives you direct access to Lloyd's-market yacht underwriting with worldwide navigation, including the Caribbean.
See if your yacht qualifies
Start the pre-qualifying form and we will put your yacht in front of the Lloyd's market.