The marine insurance industry in Europe plays a critical role in supporting the shipping and maritime sector, safeguarding vessels, cargo, and marine liabilities. Companies in this field include traditional insurance providers, marine insurers, and specialized insurtech firms, offering policies tailored to address various maritime risks. As the industry evolves, integration of technology and innovation drives improvements in underwriting processes and claims management. Growing concerns over environmental risks and regulatory changes also reshape coverage needs. Increased investment in the sector reflects a push toward more refined, transparent insurance offerings, geared for a future of sustainable maritime practices and adding value to stakeholders.


The list features 15 prominent investors in marine insurance, including both corporate entities and venture capital firms. Most are headquartered in key European cities, such as London and Paris, and range in size from small startups to large, well-established companies with over 10,000 employees. Founded between the late 20th century and today, they collectively made 337 investments in 2024, demonstrating their active engagement in the marine insurance sector. The blend of investment types reflects confidence in the industry's growth and the potential for innovative solutions tailored to marine insurance providers.


Top 15 Marine Insurance Investors in Europe


1. Howden Broking


Howden Broking, founded in 1994 and based in London, England, is a corporate insurance broker with a workforce exceeding 10,000 employees. The company provides a wide range of insurance products, including Home & Contents Insurance and Employee Benefits, catering to both individual consumers and businesses. Howden's strategy includes acquiring various insurance brokers to enhance its operations and expand its market presence. Notable transactions include the acquisition of Bridges Insurance Services in New Zealand, which aims to strengthen their broking operations in the Pacific region, and the acquisition of SKB Independent Insurance Brokers in Edinburgh, which has been integrated into Howden Scotland. These acquisitions reflect Howden's commitment to growing its insurance offerings, potentially including marine insurance as part of their diverse portfolio.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a public entity and financial institution based in Paris, Île-De-France, France, founded in 2015. It supports entrepreneurs and businesses in France and internationally by offering a range of services including direct funding, export credit insurance, and private equity investments. Bpifrance aims to foster entrepreneurship and innovation through coaching and partnerships, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions relevant to the insurance sector, such as its investments in Tinubu Square, which raised €15 million and €53 million in funding rounds. Tinubu Square specializes in credit risk management and provides software solutions for credit and surety insurers, which are pertinent to the marine insurance industry. Additionally, Bpifrance has invested in Otherwise, a collaborative insurance provider, further showcasing its engagement in the insurance landscape.


3. Aon

  • Website: aon.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1987
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: aon

Aon plc is a leading professional services firm based in London, specializing in risk management and human capital solutions. Founded in 1987, Aon provides a comprehensive range of services including insurance broking, risk analytics, and consulting to help businesses navigate complex risks. In recent years, Aon has made several strategic acquisitions to enhance its capabilities in the insurance market. Notably, Aon re-entered the Indian insurance market by acquiring a 49% stake in Anviti Insurance Brokers in December 2020, and it acquired Global Insurance Brokers in October 2023 to strengthen its risk capital capabilities. These transactions reflect Aon's commitment to expanding its insurance offerings, which likely includes marine insurance as part of its diverse portfolio. Aon's global presence and expertise in various industries position it well to serve clients in the marine insurance sector.


4. Mundi Ventures


Mundi Ventures is a venture capital firm based in Madrid, Spain, founded in 2015. The firm specializes in early-stage and growth-stage technology companies, with a strong focus on sectors such as insurtech and health tech. Mundi Ventures manages approximately €500 million in assets and aims to provide capital and strategic guidance to help startups achieve their sustainability goals. Notably, Mundi Ventures has participated in significant transactions within the insurtech sector, including multiple funding rounds for wefox, a digital insurer that has raised substantial capital to expand its operations. Additionally, their investment in Omocom, a Swedish insurtech startup, highlights their commitment to supporting innovative insurance solutions. These activities position Mundi Ventures as a relevant player in the insurance industry, including potential applications in marine insurance.


5. B.P. Marsh & Partners Plc


B.P. Marsh & Partners Plc is a private equity firm based in London, England, founded in 1990. The firm specializes in early-stage investments in financial services businesses, particularly insurance intermediaries and financial advisors. They provide tailored investment solutions and strategic support to help these businesses grow, focusing on minority equity positions. Notable transactions include their investment in Nexus Underwriting Management, which raised $2.6 million in 2014, and their acquisition of a 20% stake in Asia Reinsurance Brokers for $1.7 million in 2016. Additionally, they acquired a 35% stake in Verve Risk Services for £1 million in 2023, further demonstrating their active role in the insurance sector, including marine insurance.


6. Insurtech Gateway

  • Website: insurtechgateway.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: insurtech-gateway

Insurtech Gateway is a venture capital firm and insurtech incubator based in London, UK, founded in 2016. They specialize in supporting early-stage founders in developing innovative insurance solutions by providing incubation services, pre-seed funding, and access to insurance authorizations. Insurtech Gateway fosters collaboration between founders and industry stakeholders to drive innovation in the insurtech sector. Notably, they have participated in funding rounds for companies like Loadsure, which focuses on marine insurance solutions, and FloodFlash, which offers tech-led flood insurance. Their investments in these companies indicate a commitment to advancing insurance technologies that could also benefit the marine insurance industry.


7. Davies

  • Website: davies-group.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1968
  • Headcount: 5001-10000
  • Number of deals in 2024: 8
  • LinkedIn: daviesgroup

Davies is a consulting firm based in London, England, specializing in professional services and technology solutions for the insurance and financial services sectors. Founded in 1968, the firm has grown to employ between 5,001 and 10,000 people and has been active in various acquisitions to enhance its service offerings. Notably, in March 2024, Davies acquired Shoreside Law, a commercial and maritime litigation firm, to bolster its legal services in shipping and commercial insurance. This acquisition aligns with their goal of improving operational efficiency and managing risks in the marine insurance sector. Additionally, their acquisition of Asta Capital in July 2022, a managing agent at Lloyd's, further strengthens their global insurance services, including marine insurance. Other acquisitions, such as Johnson Claim Service Inc. and ProAdjust Limited, also contribute to their claims management capabilities, which are essential in the marine insurance industry.


8. Kima Ventures

  • Website: kimaventures.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2010
  • Headcount: 1-10
  • Number of deals in 2024: 50
  • LinkedIn: kima-ventures

Kima Ventures is a venture capital firm based in Paris, Île-De-France, France, founded in 2010. The firm specializes in investing in early-stage startups across various sectors, backing two startups per week with financial support and mentorship to help them navigate initial challenges and achieve success. Notably, Kima Ventures has participated in several transactions within the insurtech space, including investments in Givesurance, Luko, and Flitter. Flitter, a French insurtech, has raised funds from Kima Ventures, indicating the firm's interest in the insurance sector. This involvement in insurtech positions Kima Ventures as a potential investor in marine insurance, as insurtech companies often explore innovative solutions applicable to various types of insurance, including marine.


9. Allianz

  • Website: allianz.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1890
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: allianz

Allianz is a leading insurance company founded in 1890, headquartered in Munich, Bavaria, Germany. With a workforce of over 10,000 employees, Allianz provides a comprehensive range of insurance products and investment management services to individuals and businesses worldwide. The company focuses on risk management and asset protection, helping customers navigate financial uncertainties. In recent years, Allianz has made significant acquisitions to enhance its market position, including a 66% stake in Jubilee Holdings Ltd.'s general insurance business in East Africa and a 51% stake in Jubilee General Insurance Co. of Tanzania. These transactions demonstrate Allianz's commitment to expanding its insurance offerings across various regions, which may include marine insurance as part of their general insurance portfolio. Additionally, their acquisition of Income Insurance Limited in Singapore and TUA Assicurazioni in Italy further solidifies their presence in the property and casualty insurance sectors, which often encompass marine insurance products. Overall, Allianz aims to create long-term value for stakeholders through innovative solutions and a diverse range of insurance services.


10. Eurazeo

  • Website: eurazeo.com
  • Type: Private Equity
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1969
  • Headcount: 201-500
  • Number of deals in 2024: 40
  • LinkedIn: eurazeo

Eurazeo is an investment management firm based in Paris, specializing in private equity, private debt, and real assets. Founded in 1969, the firm has established a significant presence in the investment management landscape across Europe. Eurazeo provides tailored investment strategies to businesses, focusing on growth and expansion across various sectors, including technology and healthcare. Notably, Eurazeo acquired Albingia SA, an insurance company, for approximately $299 million in December 2018, indicating its involvement in the insurance sector. Additionally, Eurazeo has participated in funding rounds for wefox, a digital insurer, which raised substantial amounts in Series C and D funding. These transactions highlight Eurazeo's engagement in the insurance industry, which may include marine insurance as part of its broader investment portfolio.


11. Arachas Corporate Brokers Ltd


Arachas Corporate Brokers Ltd, founded in 2003 and based in Dublin, Ireland, is the largest insurance brokerage in the country, offering a diverse range of insurance products tailored for both individual consumers and businesses. With a strong emphasis on customer service and innovative solutions, Arachas has been actively expanding its market presence through strategic acquisitions. Notably, in December 2022, Arachas announced its intention to acquire D&D Insurances Ltd, a specialist marine insurance broker, which aims to enhance its position in the commercial marine market in Ireland. This acquisition, along with their other recent transactions, such as the acquisitions of MCM Insurance Brokers, Glennon Insurances, and O’Malley-Griffin, demonstrates Arachas's commitment to strengthening its portfolio and capabilities across various insurance sectors, including marine insurance.


12. Apax

  • Website: apax.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1981
  • Headcount: 201-500
  • Number of deals in 2024: 8
  • LinkedIn: apax-partners

Apax Partners LLP is a private equity firm based in London, England, founded in 1981. The firm specializes in managing investments across various sectors, including technology, internet/consumer, healthcare, and services. Notably, Apax has made significant strides in the insurance industry, highlighted by their acquisition of PIB Group, a specialist insurance intermediary, from The Carlyle Group in January 2021. PIB has experienced substantial growth, with its income reaching approximately £175 million in 2020. Additionally, Apax acquired PIB Insurance on the same date, further solidifying their presence in the insurance market. Their previous investments, such as the acquisition of Assured Partners and HUB International, demonstrate their strategic approach to enhancing growth and innovation within the insurance sector, which may encompass marine insurance.


13. Charles Taylor

  • Website: charlestaylor.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1884
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: charles-taylor

Charles Taylor is a corporate investor based in London, England, specializing in insurance services since its founding in 1884. The company offers a wide range of solutions, including claims management, technical services, and insurance management, catering to insurers and businesses aiming to improve claims outcomes and operational efficiency. In recent years, Charles Taylor has made strategic acquisitions to bolster its capabilities in various sectors. Notably, in July 2022, they acquired V+B Group, a maritime assurance and surveying company, to enhance their Marine Technical Services' surveying capabilities and strengthen their presence in the European maritime market. This acquisition reflects their commitment to the marine insurance sector. Additionally, their broader strategy includes acquiring companies like CEGA Solutions and M3 Aviation Services, which, while not directly related to marine insurance, showcase their growth and diversification in the insurance services industry.


14. 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, 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 contributions to the marine insurance sector, including a $650 million investment in Fidelis Insurance, which has emerged as a major underwriter in the global market. Additionally, CVC's acquisition of Cunningham Lindsey, valued between $900 million and $1 billion, highlights their strategic interest in insurance services. These transactions underscore CVC's active role in the marine insurance industry, reinforcing their position as a key investor in this field.


15. Howden


Howden Group Holdings is an insurance broker and risk management firm founded in 1994, based in London, England. With over 10,000 employees, Howden provides a wide range of services including insurance broking, underwriting, and reinsurance. They cater to a diverse clientele, including individuals, SMEs, and large corporations, offering tailored solutions to manage risks effectively. In recent transactions, Howden has acquired Storfield Insurance Consultants to strengthen its position in Hong Kong and enhance its geographical footprint across Asia. They also acquired Haakon AG, a specialized international reinsurance broker, which bolsters their European reinsurance platform. Notably, Howden Ventures invested in CetoAI, which focuses on developing AI applications for the maritime and insurance sectors, highlighting their commitment to innovation in marine insurance. These strategic moves reflect Howden's dedication to expanding its influence in the marine insurance market.



Marine Insurance Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Howden BrokingLondon, England, United Kingdom (UK)10001+199414
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
AonLondon, England, United Kingdom (UK)10001+19872
Mundi VenturesMadrid, Madrid, Spain11-5020157
B.P. Marsh & Partners PlcLondon, England, United Kingdom (UK)11-5019904
Insurtech GatewayLondon, England, United Kingdom (UK)11-5020164
DaviesLondon, England, United Kingdom (UK)5001-1000019688
Kima VenturesParis, Île-De-France, France1-10201050
AllianzMunich, Bavaria, Germany10001+18905
EurazeoParis, Île-De-France, France201-500196940
Arachas Corporate Brokers LtdDublin, Dublin, Ireland501-100020033
ApaxLondon, England, United Kingdom (UK)201-50019818
Charles TaylorLondon, England, United Kingdom (UK)1001-500018842
CvcLuxembourg1001-5000200516
HowdenLondon, England, United Kingdom (UK)10001+19945


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