The marine insurance industry in the Nordics plays a pivotal role in safeguarding maritime operations against various risks. It comprises a mix of traditional insurance companies and innovative insurtech firms, each offering tailored products to meet the needs of ship owners, cargo operators, and marine service providers. Key offerings include hull insurance, cargo insurance, and liability coverage, addressing everything from accidental damage to environmental concerns. As the industry moves toward digital transformation, investments in technological solutions are expected to rise, enhancing efficiency and risk assessment capabilities. The growing focus on sustainability trends is reshaping insurance products to align with environmental considerations.


This article highlights 16 noteworthy investors in marine insurance within the Nordics, encompassing private equity firms, corporate investors, and venture capitalists. Headquartered in various cities like Stockholm and Oslo, these investors range from sizable corporates with global operations to agile firms specializing in early-stage ventures. Each investor has been active in 2024, with deal counts reflecting their interest in the marine insurance market. With decades of experience, from those founded in the early 20th century to contemporary hubs established recently, these players are shaping the future of marine underwriting and related services.


Top 16 Marine Insurance Investors in the Nordics


1. Katapult

  • Website: katapult.vc
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. They specialize in supporting tech startups that tackle global challenges, particularly in climate-tech and ocean-tech. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Notably, they have been involved in several transactions relevant to the marine insurance context, including their investment in ShipReality, which focuses on marine-related solutions, and OKO, an InsurTech that leverages technology for risk assessment in agriculture. Their diverse portfolio reflects a commitment to innovative solutions that can impact various sectors, including marine insurance.


2. Nordic Capital

  • Website: nordiccapital.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 10
  • LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, including healthcare and technology, and is known for partnering with management teams to drive growth and operational improvements in portfolio companies. Nordic Capital has a strong focus on creating long-term value and sustainability in its investments. Notably, they have been involved in significant transactions within the insurance sector, such as the acquisition of Solid Forsakrings in 2012, which indicates their direct involvement in the marine insurance market. Additionally, their investment in Helmsauer Group, a commercial insurance broker serving a large customer base, and their acquisition of Max Matthiessen, a financial advisory firm, further highlight their commitment to the insurance industry. Their recent investment in One Inc, an InsurTech company, also reflects their interest in innovative insurance solutions, which may encompass marine insurance products.


3. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among its notable transactions, EQT Infrastructure III acquired Eagle Marine Services, the operator of the Global Gateway South container terminal in the Port of Los Angeles, for approximately $875 million. This acquisition highlights EQT's engagement in the marine sector, particularly in logistics and terminal operations, which are closely linked to marine insurance. Additionally, EQT has made significant investments in various industries, showcasing its broad investment strategy while maintaining a presence in sectors that intersect with marine operations.


4. Söderberg & Partners


Söderberg & Partners is a financial advisory firm based in Stockholm, Sweden, founded in 2004. The firm provides a wide range of services, including pension advisory, insurance brokerage, and wealth management, catering to both individual consumers and businesses. They have a significant presence across multiple countries, offering tailored solutions to enhance financial security and investment strategies. Notably, Söderberg & Partners has been active in the insurance sector, having acquired Ensure International Insurance Broker in 2016, which positions them within the insurance market. More recently, they acquired Frisia Verzekeringen in June 2024, further expanding their footprint in the insurance industry. Their acquisition of Grupo Galilea, a major independent insurance broker in Spain, also highlights their strategic focus on growing their insurance brokerage capabilities, which may encompass marine insurance as part of their offerings.


5. Wärtsilä

  • Website: wartsila.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1834
  • Headcount: 10001+
  • LinkedIn: wartsila

Wärtsilä Corporation, founded in 1834 and based in Helsinki, Finland, is a corporate investor specializing in innovative technologies and lifecycle solutions for the marine and energy markets. With a workforce of over 10,000 employees, Wärtsilä focuses on sustainability and efficiency, providing a range of products including power plants and marine engines. Their customer base includes businesses in the marine sector, which seek to enhance operational performance and reduce environmental impact. Notably, Wärtsilä has made several strategic acquisitions to bolster its presence in the marine industry. For instance, the acquisition of Ships Electronic Services Ltd in 2019 aimed to enhance service capabilities in the UK marine market. Similarly, the acquisition of Burriel Navarro in 2018 expanded their underwater services, while the acquisition of Eniram in 2016 enhanced their digital offerings in energy management and analytics for the marine industry. These transactions reflect Wärtsilä's commitment to advancing technology and services that are crucial for marine operations, which is relevant to the marine insurance landscape.


6. Wilhelmsen group


Wilh. Wilhelmsen Holding ASA, founded in 1861 and based in Lysaker, Akershus, Norway, is a corporate investor with over 10,000 employees. The company specializes in maritime services, offering a variety of solutions including port operations, ship management, and energy transition services. In recent years, Wilhelmsen has made several strategic acquisitions that enhance its position in the maritime industry. Notably, they acquired Zeaborn Ship Management, which includes a fleet of 100 vessels, and an 80% stake in Ahrenkiel Tankers, rebranding it as Barber Ship Management. These transactions reflect their commitment to expanding their ship management capabilities, which is closely tied to the marine insurance sector as effective management of vessels is crucial for risk mitigation and insurance considerations. Additionally, their acquisition of Maritime Protection AS, a provider of inert gas systems, further emphasizes their focus on safety and compliance in maritime operations, which are key factors in marine insurance.


7. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services to businesses across various sectors, including technology and consumer products, with a strong emphasis on operational efficiency and sustainable growth. Altor has been involved in several notable transactions, including the acquisition of Wrist Ship Supply in 2007, a company that provides supply chain services to the maritime industry, and Nimbus Boats in 2006, a manufacturer of leisure boats. These investments highlight Altor's engagement with the marine sector, which is relevant to marine insurance. Additionally, Altor's recent investment in Mandatum plc, a financial services provider, showcases their interest in sectors that may intersect with marine insurance through risk management and financial solutions for maritime businesses.


8. Trelleborg Group

  • Website: trelleborg.com
  • Type: Corporate
  • Headquarters: Trelleborg, Skåne, Sweden
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: trelleborggroup

Trelleborg Group is a corporate investor based in Trelleborg, Skåne, Sweden, founded in 1905. The company specializes in engineered polymer solutions, providing a wide range of products including seals, damping solutions, and fluid handling systems across various industries such as aerospace, automotive, healthcare, and notably, marine. In 2024, Trelleborg Group made significant strides in the marine sector by acquiring Mampaey Offshore Industries, a company that enhances their capabilities in marine operations. Additionally, their acquisition of Ambler Technologies Ltd. in 2013, which focuses on composite materials for deep-sea applications, positions Trelleborg as a key player in providing advanced solutions for marine environments. These strategic acquisitions reflect Trelleborg's commitment to expanding its footprint in the marine industry, making them a relevant investor in the marine insurance context.


9. Aboa Venture III Ky


Aboa Venture III Ky is a private equity firm based in Turku, Southwest Finland, founded in 1994. The firm specializes in providing equity financing solutions to Finnish businesses with revenues between 2-20 million euros, focusing on acquisitions and growth investments. Notable transactions include the acquisition of Uudenkaupungin Työvene in 2015, a company involved in the marine sector, and participation in a private equity round for Rauma Marine Constructions in the same year. Additionally, Aboa Venture has been involved with Steerprop Ltd, a company that has relevance in marine propulsion systems, indicating a broader interest in marine technology and services. Their clientele primarily consists of small to medium-sized enterprises seeking capital for expansion and restructuring, which may include marine-related businesses.


10. Ferd AS

  • Website: ferd.no
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1998
  • Headcount: 51-200
  • LinkedIn: ferd-as

Ferd AS is a private equity investment company based in Oslo, Norway, founded in 1998. The firm focuses on creating lasting value through various business activities, including investment management, real estate development, and support for social entrepreneurs. Ferd AS has made notable investments in the marine sector, including HELP Insurance, which raised funds in 2009, and Eniram, a maritime emissions control provider that secured financing for international growth in 2009. Additionally, Ferd acquired a 25 percent stake in General Oceans, an ocean technology group, in December 2023, further emphasizing its commitment to the marine industry. These transactions highlight Ferd AS's strategic interest in enhancing growth and impact within the maritime sector, making it a relevant player in the marine insurance landscape.


11. Kinnevik

  • Website: kinnevik.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1936
  • Headcount: 11-50
  • Number of deals in 2024: 10
  • LinkedIn: investment-ab-kinnevik

Kinnevik is a Stockholm-based investment company founded in 1936, specializing in partnering with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech. They provide capital and operational support to help these companies scale and create long-term value. Notably, Kinnevik has made significant investments in the insurance sector, such as leading a $100 million Series C funding round for Sure, a company focused on enhancing embedded insurance customer experiences, and participating in a $35 million Series B funding round for SafetyWing, which offers insurance solutions for remote workers. Additionally, Kinnevik has been involved in funding rounds for BIMA, a microinsurance provider, indicating their active role in the insurance landscape. These transactions highlight Kinnevik's strategic interest in innovative insurance solutions, which may encompass marine insurance as part of their broader investment strategy.


12. Inventure

  • Website: inventure.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: inventure

Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm specializes in backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been involved in several notable transactions, including investments in Omocom, a Swedish InsurTech startup that raised €3.7 million in funding to enhance its product development and expand into new verticals. This investment highlights Inventure's engagement in the insurance sector, which is relevant to marine insurance. Additionally, Inventure has participated in funding rounds for Lassie, a pet insurance startup, further demonstrating their involvement in the insurance industry. While their primary focus may not be marine insurance, their investment in Omocom suggests a willingness to engage with insurance-related ventures.


13. EQT Ventures

  • Website: eqtventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: eqt-ventures

EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has made significant investments in the insurtech space, including a €50 million Series B funding round for Luko, a French insurtech startup, and a £25 million Series B funding for Cytora, a UK-based insurtech. These investments highlight their engagement in the insurance technology sector. Furthermore, their investment of €24.5 million in Candela Technology AB, which focuses on electric-powered boats, underscores their interest in the marine industry, making them a relevant player in the marine insurance landscape.


14. Fabricom AS

  • Website: endur.no
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1992
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: fabricomas

Fabricom AS is a corporate investor based in Stavanger, Rogaland, Norway, founded in 1992. It operates under the umbrella of Endúr ASA, a provider of marine infrastructure and aquaculture solutions. The company specializes in constructing and maintaining marine structures, catering to clients in the marine and aquaculture sectors. Notably, Fabricom AS has been involved in significant transactions such as the acquisition of Marcon, a Swedish marine infrastructure group, for an enterprise value of SEK 460 million, and the acquisition of Repstad Anlegg AS for NOK 317 million. These transactions highlight Fabricom's commitment to expanding its capabilities and services within the marine industry, reinforcing its relevance to marine insurance needs.


15. Adelis Equity Partners


Adelis Equity Partners is a private equity firm based in Stockholm, Sweden, founded in 2012. The firm specializes in growing businesses in the Nordic region by providing investment management and strategic consulting services. They focus on various sectors, including technology, healthcare, and business services. Notably, Adelis has made significant investments in the maritime sector, including the acquisition of UniSea, a leading Norwegian maritime software company, which positions them within the maritime industry. This strategic move highlights their capability to support growth in sectors that intersect with marine insurance, thereby enhancing their relevance in this field.


16. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, founded in 1972, and operates primarily in the energy sector, focusing on oil, gas, and renewable energy. With a workforce of over 10,000, Equinor is committed to sustainability and aims to achieve net-zero emissions by 2050. The company serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. Notably, Equinor has made strategic investments in marine-related companies such as Rovco and Vaarst, which focus on underwater technology and data management. These investments, particularly in the context of their Series B funding rounds, highlight Equinor's interest in enhancing marine operations and technology, which are crucial for the marine insurance sector.



Marine Insurance Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
KatapultOslo, Oslo, Norway11-5020178
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Söderberg & PartnersStockholm, Stockholm, Sweden1001-500020044
WärtsiläHelsinki, Uusimaa, Finland10001+18340
Wilhelmsen groupLysaker, Akershus, Norway10001+18610
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Trelleborg GroupTrelleborg, Skåne, Sweden10001+19057
Aboa Venture III KyTurku, Southwest Finland, Finland1-1019940
Ferd ASOslo, Oslo, Norway51-20019980
KinnevikStockholm, Stockholm, Sweden11-50193610
InventureHelsinki, Uusimaa, Finland11-5020059
EQT VenturesStockholm, Stockholm, Sweden11-50201528
Fabricom ASStavanger, Rogaland, Norway501-100019921
Adelis Equity PartnersStockholm, Stockholm, Sweden11-5020123
EquinorStavanger, Rogaland, Norway10001+19726


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