Marine Alliance has acquired a majority stake in London-based insurance broker Speedwell Insurance Brokers, which will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.
An authorised Lloyd’s broker since 2014 and licenced by the Financial Conduct Authority (FCA) – the UK regulator – Speedwell presented Marine Alliance with an opportunity to make a valuable addition to its portfolio. Along with this, Speedwell is rich in maritime experience and is well connected internationally in the shipping industry.
The acquisition means that the purchasing power of all partners is bundled, a joint market presence is created, and economic cooperation is attained.
“It is the right partner at the right time,” said chief operating officer Thomas Hackmann on behalf of the parties. “The Marine Alliance has developed successfully in its second year of existence and has created a close bond between customers and insurers. Strengthened by this very positive response, we are now expanding our offering together with Speedwell and adding the important London location to our portfolio.”
Speedwell, Fram and Marine Assekuranz will continue to be managed as independent companies in the future, meanwhile the Marine Alliance is planning to obtain additional insurance brokers.
