First Marine Insurance: Best Marine Insurance Broker Greece & Italy 2022

First Marine Insurance

Considering that global maritime shipping accounts for up to 90 percent of international trade volume, specialised insurance solutions are crucial to protect against disasters and disruptions. First Marine Insurance was founded in 2011 to provide ship owners, charterers and operators with peace of mind. First Marine Insurance has established a strong foothold in the Mediterranean, with offices in Athens, Genova and Monte Carlo. The company’s late president, Pier Luigi Ferrari, pioneered Protection and Indemnity (P&I) insurance in Italy more than 60 years ago. First Marine Insurance takes a partnership approach to tailor services to clients’ needs and protect their interests. This partnership mindset extends to staff as well, with the understanding that first-class service is only achievable with a first-class workforce and knowhow. The company recruits young trainees from universities and helps shape them into experts. Its training investments allow the company to maintain a buffer zone of qualified human resources to support clients, with new business growing at 20 to 30 percent per year and client retention at nearly 100 percent. The boutique P&I and Hull and Machinery insurers and its clients benefit from a seasoned management team comprising ex-captains, economists and lawyers with deep industry experience and personal connections with CEOs across the insurance sector. The company also produces an annual market report providing in-depth analysis of market-wide loss ratios and projected results of the running year. The judging panel has unanimously selected First Marine Insurance in the 2022 award category of Best Marine Insurance Broker for both Greece and Italy.

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