The marine insurance industry in Benelux encompasses a wide range of coverage solutions aimed at protecting vessels, cargo, and marine operations from risks such as damage, loss, and liability. Key players include insurance firms, brokers, and marine service companies that understand the nuances of maritime operations. As global trade continues to grow, the demand for robust marine insurance is on the rise. Innovative technologies, including data analytics and AI, are being integrated into underwriting processes, enhancing risk assessment. Furthermore, the shift towards renewable energy sources in marine operations is driving both challenges and opportunities in the sector.


This article highlights 13 notable investors in the marine insurance sector within the Benelux region. The list includes a mix of private equity, venture capital, and corporate investors, each contributing uniquely. Their headquarters span across three countries, with finance firms from Luxembourg, the Netherlands, and Belgium. From early-stage bets to corporate giants, these investors span various sizes and histories, with a total of 66 transactions reported for 2024. This blend of capital ensures a dynamic environment for advancements in the marine insurance field.


Top 13 Marine Insurance Investors in Benelux


1. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, based in Luxembourg, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant investments in the insurance sector, including the acquisition of Cunningham Lindsey, an insurance services company, valued between $900 million and $1 billion. Additionally, CVC was a founding investor in Fidelis Insurance, contributing $650 million to its initial capital raise of approximately $1.5 billion, positioning Fidelis as a significant player in the global insurance market. These transactions highlight CVC's active role in the insurance industry, making them a relevant investor in the marine insurance context.


2. Boskalis

  • Website: boskalis.com
  • Type: Corporate
  • Headquarters: Papendrecht, South Holland, Netherlands
  • Founded year: 1910
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: boskalis

Boskalis Westminster N.V. is a prominent logistics and marine services company based in Papendrecht, South Holland, Netherlands, founded in 1910. The company specializes in dredging and the maintenance of maritime infrastructure, offering a wide range of services including coastal defense, land reclamation, and offshore energy support. Their clientele includes port authorities and energy companies, who depend on Boskalis for safe and efficient maritime operations. In recent years, Boskalis has made several strategic acquisitions to enhance its capabilities in the marine sector. Notably, they acquired Smit Internationale for $1.7 billion in 2009, which expanded their service offerings. In 2024, they signed an agreement to acquire the remaining 50% shares of Smit Lamnalco, a company providing terminal services, and are set to acquire ALP Maritime Services, which includes a fleet of anchor-handling salvage tugs. These transactions highlight Boskalis's commitment to strengthening its position in the marine services industry, which may necessitate marine insurance coverage for their operations.


3. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. Notably, Exor made a significant move in the insurance sector by acquiring PartnerRe for $6.9 billion in 2015, a company that provides reinsurance solutions, including marine insurance. This acquisition highlights Exor's commitment to the insurance industry. Additionally, Exor has participated in funding rounds for companies like Cover and Alan, which are involved in insurance technology, further indicating its interest in the insurance sector.


4. AkzoNobel

  • Website: akzonobel.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1792
  • Headcount: 10001+
  • LinkedIn: akzonobel

AkzoNobel N.V. is a leading manufacturer of paints and coatings, providing innovative and sustainable solutions for both industrial and consumer markets. Founded in 1792 and headquartered in Amsterdam, North Holland, the company operates in over 150 countries, delivering high-quality products that enhance and protect surfaces. AkzoNobel serves a diverse customer base, including businesses in construction and automotive industries, as well as individual consumers. Notably, in January 2021, AkzoNobel acquired New Nautical Coatings, the owner of the Sea Hawk yacht coatings brand, which aims to enhance their presence in the North American yacht coatings market. This acquisition highlights AkzoNobel's strategic interest in the marine sector, particularly in products that are essential for the maintenance and protection of marine vessels. Additionally, their acquisition of Imperial Chemical Industries in 2008 further demonstrates their expansive growth strategy, although it is less directly related to marine insurance.


5. Alpha Intelligence Capital


Alpha Intelligence Capital is a venture capital firm based in Luxembourg, founded in 2018, that specializes in investing in AI-first companies. With a focus on deep technology investments, they provide funding and strategic guidance to startups in the artificial intelligence and machine learning sectors. Notably, they led a Series A investment in Envelop Risk, a company that utilizes machine learning and data-driven approaches for underwriting in the insurance industry, including marine insurance. This investment highlights their engagement with innovative solutions in the insurance sector. Additionally, they have participated in other funding rounds, such as Advanced Navigation and DeepOpinion, which, while not directly related to marine insurance, showcase their commitment to advancing technology across various industries.


6. Volta Ventures

  • Website: volta.ventures
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: volta-ventures

Volta Ventures is a venture capital firm based in Amsterdam, North Holland, Netherlands, founded in 2014. The firm specializes in seed and early-stage investments, primarily in enterprise software startups within the Benelux region. With a focus on technology-driven companies, Volta Ventures has made significant investments in sectors like FinTech and HealthTech. Notably, they invested €7 million in Alicia Insurance, a Rotterdam-based insurance startup, indicating their engagement in the insurance industry. Additionally, their investment in Spotr.ai, which aims to expand its technology services to the insurance sector, further highlights their interest in insurance-related innovations. These transactions suggest that while their primary focus may not be exclusively on marine insurance, they are actively involved in the insurance industry, which could encompass marine insurance applications.


7. InnovationQuarter

  • Website: innovationquarter.nl
  • Type: Venture Capital
  • Headquarters: The Hague, South Holland, Netherlands
  • Founded year: 2013
  • Headcount: 51-200
  • Number of deals in 2024: 9
  • LinkedIn: innovationquarter

InnovationQuarter is a public entity focused on regional development in South Holland, established in 2013. It provides innovation support, investment funding, and internationalization assistance to businesses, particularly startups and SMEs. The organization collaborates with various sectors to enhance economic growth and facilitate innovative projects. Notably, InnovationQuarter has participated in funding rounds for companies like Spotr.ai, which secured €4.5M to expand its technology for the insurance industry, indicating a direct link to insurance services. Additionally, their investment in Shypple, a digital freight forwarding platform, highlights their engagement in logistics and shipping, further connecting them to the marine sector. These transactions reflect InnovationQuarter's commitment to supporting innovative solutions that can impact the marine insurance landscape.


8. NPM Capital

  • Website: npm-capital.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1948
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: npm-capital

NPM Capital is a private equity investment firm based in Amsterdam, Netherlands, founded in 1948. The firm specializes in supporting medium-sized and large family-owned enterprises in the Benelux region, providing both capital and strategic advisory services to foster growth and sustainability. NPM Capital operates across diverse sectors, including technology and education, but has also made notable investments in the marine industry. One significant transaction was their investment in Seafox Group, a company that provides services to the offshore oil and gas industry, which includes marine operations. This involvement highlights NPM Capital's capacity to engage with marine-related businesses, aligning with their strategy of forming long-term partnerships with portfolio companies.


9. VentureFriends

  • Website: venturefriends.vc
  • Type: Venture Capital
  • Headquarters: Netherlands
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 8
  • LinkedIn: venturefriends

VentureFriends is a venture capital firm based in the Netherlands, founded in 2016, that specializes in early-stage investments in startups. They provide financial backing and strategic support to ambitious founders, particularly in sectors like FinTech and PropTech. In 2024, they made 8 investments, including a significant Series A round for Harbor Lab, which raised over $16 million. Harbor Lab, a Greece-based startup, focuses on shipping disbursement analysis software, highlighting VentureFriends' engagement in the marine sector. Additionally, they participated in a seed funding round for Harbor Lab in 2022, further emphasizing their commitment to supporting innovations that could impact the marine industry. Their portfolio also includes investments in other sectors, but their involvement with Harbor Lab positions them as a relevant player in the marine insurance landscape.


10. Bekaert

  • Website: bekaert.com
  • Type: Corporate
  • Headquarters: Zwevegem, Flanders, Belgium
  • Founded year: 1880
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: bekaert

N.V. Bekaert S.A. is a steel manufacturer specializing in steel wire transformation and coatings, founded in 1880 and headquartered in Zwevegem, Flanders, Belgium. The company serves various industries, including automotive and construction, by providing high-quality materials and innovative solutions. Bekaert operates globally, employing 28,000 people and generating significant sales through its diverse product offerings. Recently, Bekaert has made strategic acquisitions that enhance its position in the marine sector. Notably, in May 2024, Bekaert acquired BEXCO nv for €40 million, a leading player in synthetic ropes for offshore energy production. This acquisition is part of Bekaert's growth strategy to enhance its offerings in synthetic offshore lifting and mooring solutions, particularly in the emerging floating offshore wind industry. Additionally, Bekaert previously acquired Arrium's wire ropes business in Newcastle, Australia, which further solidifies its presence in the global market for mining ropes, indirectly supporting marine operations. These transactions highlight Bekaert's commitment to expanding its capabilities in sectors that intersect with marine insurance needs.


11. SES Satellites

  • Website: ses.com
  • Type: Corporate
  • Headquarters: Betzdorf, Grevenmacher, Luxembourg
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: ses

SES S.A. is a satellite telecommunications provider based in Betzdorf, Luxembourg, founded in 1985. The company offers a range of services including video broadcast and data connectivity solutions, serving various sectors such as broadcasting, government, and maritime. SES operates a fleet of over 70 satellites, ensuring global coverage for its customers. Notably, SES expanded its footprint in the maritime sector by acquiring Greenham Regis Marine Electronics in 2016, which operated as a subsidiary until its full incorporation into SES in 2023. This acquisition highlights SES's strategic move to enhance its offerings in maritime communications, which is relevant to the marine insurance industry. Additionally, SES is in the process of acquiring Intelsat, a move that will further solidify its position as a leading satellite services provider, potentially benefiting maritime operations as well.


12. Standard Investment

  • Website: standard.nl
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: standard-investment

Standard Investment is a private equity firm based in Amsterdam, Netherlands, founded in 2004. The firm specializes in managing and improving small and medium-sized enterprises, focusing on creating structural added value through active engagement and strategic consulting. Their portfolio spans various sectors, primarily in the Netherlands, Belgium, and Scandinavia. Notably, Standard Investment participated in a significant funding round for Saildrone, a company that develops advanced maritime technology, which highlights their engagement in the marine sector. Additionally, they acquired DSM Synres in 2014, although this transaction is less relevant to marine insurance. Overall, while Standard Investment has some involvement in marine-related investments, their broader focus on diverse sectors may limit their relevance to marine insurance specifically.


13. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle challenges related to energy transition and sustainability. Recently, InnoEnergy has been involved in significant transactions relevant to the marine sector, such as the €2.5 million seed financing for Zparq, a startup focused on decarbonizing marine transport, and a €2.4 million funding round for Equinox Ocean Turbines BV, which is engaged in innovative marine energy solutions. These investments highlight InnoEnergy's commitment to advancing technologies that could have implications for marine insurance, particularly in the context of sustainability and innovation in marine transport.



Marine Insurance Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
CvcLuxembourg1001-5000200516
BoskalisPapendrecht, South Holland, Netherlands10001+19102
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
AkzoNobelAmsterdam, North Holland, Netherlands10001+17920
Alpha Intelligence CapitalLuxembourg11-5020186
Volta VenturesAmsterdam, North Holland, Netherlands11-5020144
InnovationQuarterThe Hague, South Holland, Netherlands51-20020139
NPM CapitalAmsterdam, North Holland, Netherlands11-5019481
VentureFriendsNetherlands1-1020168
BekaertZwevegem, Flanders, Belgium10001+18801
SES SatellitesBetzdorf, Grevenmacher, Luxembourg1001-500019852
Standard InvestmentAmsterdam, North Holland, Netherlands11-5020040
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052


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