The last seven years, EUROPEAN DIRECT has expanded significantly its Yacht insurance business, by offering its insurance advices and mediation to a large number of Yacht owners and Yachting enthusiasts.

In 2002 and early 2003, EUROPEAN DIRECT entered successfully the small and very demanding market of MEGA YACHTS INSURANCE proving once again the old time classic recipe of quality service and persistence always pays back.

The year 2003 the Yacht Insurance season started very successfully for EUROPEAN DIRECT.

Three MEGA YACHTS, two Possilipo’s and one Ferretti, were insured by European Direct, straight from the Italian Shipyards, covering also the voyage maritime risks, from Italy to Greece.

The insurance ‘placing’, for all three MEGA YACHTS, was made with Lloyd’s of London Underwriters and their combined insured value was in excess of Euros 7.200.000.

EUROPEAN DIRECT has placed with Lloyd’s of London some of the most desirable Mega Yachts of Mediterranean Sea, and its clientele list includes some very prominent Ship owners and businessmen from Greece, Italy and U.S.A.

Every Insurance policy, is well planned and thought, tailor made, for each Yacht, with the unique advantage of providing wide range of coverage for the Hull and Machinery, Yacht owners liabilities risks, at cost effective premiums and according to the Institute Yacht Insurance Clauses of London.

EUROPEAN DIRECT, not only provides one on one service to the Yacht owners during the placing of the insurance, but also in case of a claim with it’s specialized people of many years experience like Mr. Anastasios Maraslis who is the managing director of the company and Mr. Robert Sands who is the Underwriting and claims manager.

The many years of experience have given to the people of EUROPEAN DIRECT the antagonistic advantage to lead in decisions and move at the speed of business.

EUROPEAN DIRECT is a leading company in its concept of operation, future planning, decision making and quality services certificate awarded by Lloyd’s Register for many years.

The next business plan is the company expansion in Cyprus with the establishment of a branch office in Limassol.

by February 2004.