Marine Alliance acquires Speedwell Insurance Brokers

Two years after it was founded, Hamburg’s Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.

Speedwell has been an authorised Lloyd’s broker since 2014 and is licensed by the UK regulator, the Financial Conduct Authority (FCA). All three partners in the Marine Alliance are owner-managed.

Speedwell, Fram and Marine Assekuranz will continue to be managed as independent medium-sized companies in the future with plans afoot to expand the Marine Alliance further by adding more insurance brokers.