05 September 2023 Press releases

Marine and Transport Insurance: Hamburg-based Marine Assekuranz joins forces with Norwegian Fram Insurance Brokers

GvW Graf von Westphalen advised Martens & Prahl Holding GmbH, majority shareholder of Marine Assekuranz GmbH Versicherungsmakler, on the company’s investment in Marine Alliance AS.

Martens & Prahl Holding GmbH is co-partner, brand umbrella, strategic initiator and service provider for more than 90 insurance brokers who mainly serve clients from the industrial doemstic and international medium-sized business sector in Germany. Martens & Prahl has approx. 1,000 employees and generates annual sales of approx. 110 million Euro. Marine Assekuranz GmbH Versicherungsmakler is an independent and internationally active insurance broker specialising in marine and transport insurance. The Hamburg-based company was founded in 1982 and has been a partner of the Martens & Prahl Group since 1989.

Marine Alliance AS was founded by Söderberg & Partners, a Stockholm-based family business and leading provider of asset management and insurance brokerage services in Scandinavia and the Netherlands. Söderberg is the majority shareholder of Fram Insurance Brokers AS, the largest independent marine insurance broker in the Norwegian market. By joining forces under the umbrella of Marine Alliance, the companies will combine their competences and be able to offer shipping companies a more comprehensive package of services. The parties intend to expand Marine Alliance by adding further insurance brokers.

Under the joint lead of Dr Ritesh Rajani and Laurens Klinkert (Corporate/M&A; both Hamburg), Martens & Prahl Holding GmbH was advised by a GvW team consisting of Christian Mayer-Gießen, Maximilian Andersen (Corporate/M&A; both Hamburg), Dr Arne Schmidt (Tax; Hamburg) and Dr Hartmut Henninger and Dr Katja Göcke (Foreign Trade Law; both Hamburg).

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