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The Greek insurance brokerage company Fender joins Siaci-Cambiaso Risso
The Pireo-listed company specializes in Protection & Indemnity insurance
July 30, 2020
The parties pointed out that as a result of this operation Fender fits into a reality present in more than 40 countries, currently in third place in the world market for Europe's second-largest insurance industry Marine. In particular, it was pointed out that thanks to the vast experience and performance of Cambiaso Risso in the Body & Machines and Fender Risk Coverage Protection & Indemnity (P&I) insurance strategic alliance will enable the development of a new reality in the industry, aimed at increasing the capacity of services offered both in Greece and internationally. In the new Fender will therefore be the centre of excellence for P&I coverage and the leader of the international growth of the group in this important area of marine insurance.
This new alliance - it reads in a note - increases significantly the numbers of the Siaci-Cambiaso Risso group in the sectors Bodies & Machines and P&I, thus reaching the following results: 10,000 ships insured in 20 countries, 300 people employed in the industry, total premiums of 310 million dollars and 44 million total net income for insurance brokerage and the maritime agency.
For their part Nikolaos Lemonakis and Stefanos Vardalos, partners founders of Fender, expressed satisfaction with this certain that this strategic alliance will bring expansion of the company's business volume.
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The parties pointed out that as a result of this operation Fender fits into a reality present in more than 40 countries, currently in third place in the world market for Europe's second-largest insurance industry Marine. In particular, it was pointed out that thanks to the vast experience and performance of Cambiaso Risso in the Body & Machines and Fender Risk Coverage Protection & Indemnity (P&I) insurance strategic alliance will enable the development of a new reality in the industry, aimed at increasing the capacity of services offered both in Greece and internationally. In the new Fender will therefore be the centre of excellence for P&I coverage and the leader of the international growth of the group in this important area of marine insurance.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
