German and Norwegian Insurance Brokers team up in Marine Alliance JV

Hamburg-based marine insurance broker Marine Assekuranz partners-up with Norwegian company Fram Insurance Brokers in the joint venture “Marine Alliance”.

The renowned insurance brokers have had core expertise in insuring ships and transports worldwide for decades and now they are joining forces under the umbrella of the “Marine Alliance”.

The alliance was founded last year by Söderberg & Partners, a Stockholm-based family business that is the majority shareholder of Fram.

The Marine Alliance will offer specialised industry know-how, provide marketing services for both partners and bundle their purchasing power.

“There has been a lot of consolidation on the shipping side in recent years,” explains Thomas Hackmann, Managing Director of Marine Assekuranz. “As experienced marine insurance brokers, we now want to help shape this path by pooling our competences and thus offering shipowners a more comprehensive service package,” he says.

Per Esten Gjølmesli, CEO at Fram, is very pleased to see Marine Assekuranz joining the Alliance. He has known the company for decades and is confident that their proven qualities will further strengthen the Alliance and hence the services to its clients.

Marine Assekuranz and Fram will continue to be managed as independent medium sized businesses.

Both Managing Directors of Marine Assekuranz and the entire team will remain on board in Hamburg.

The two Managing Directors of Marine Assekuranz, Thomas Hackmann and Michael Hogger, will continue to serve in this capacity.

Michael Hogger, also Managing Director of Marine Assekuranz, sees another advantage in the merger. “Our know-how will be even more visible internationally,” he says. “We can insure everything in shipping and ports. Our entire team and also our majority shareholder Martens & Prahl stand for personal advice for experts by experts. In the vibrant maritime industry, fair and personal interaction is extremely important – and that is exactly what we will bring to the table from Hamburg.”

The network is intended to be expanded further by including new insurance brokers in the Marine Alliance in the future.