The Hamburg-based insurance specialist Pantaenius celebrates its 125th anniversary. Pantaenius Versicherungsmakler GmbH today serves around 3,000 medium-sized companies from five locations: Düsseldorf, Eisenach, Kiel, Munich and Hamburg.
The Hamburg location has characterised Pantaenius from the very beginning. In 1899, Johann C. Pantaenius founded a brokerage firm for marine insurance in the Free and Hanseatic City. His successor expanded the business in the 1920s to include property and life insurance.
In 1963, Harald Baum joined the company, whose children Daniel, Martin and Anna run the company today. Baum took over Pantaenius in 1970. He developed a new type of hull insurance for yachts. Baum's new value insurance revolutionised the yacht insurance business.
Over the following decades, Pantaenius expanded this business to ten locations in Europe and Australia. At the end of the 1990s, the yacht insurance business was separated from the traditional brokerage business into a separate company.
Today, in addition to the yacht insurance branch, the Pantaenius Group includes the surveyor's office Marine Claims Service, the yacht management company Zucker & Partner - and Pantaenius Versicherungsmakler GmbH, which dates back to its foundation in 1899.