Marine insurance company: Niche effort paying off

The strategy of betting on niche areas is paying off for the small marine insurance company Lavaretus, the two Danish executives tell ShippingWatch.

Photo: APM Terminals

A strategy to zoom in on niches has proven to be the perfect thing for Lavaretus, a small marine insurance company headquartered in Copenhagen, say CEO Lars Hendriksen and COO and head of underwriting Michael Weber in an interview with ShippingWatch three years after the company set up shop in the Danish capital.

Only by standing out from more ordinary marine insurance companies is it possible to make money in an otherwise struggling market characterized by significant overcapacity. This was the reasoning at the time. And according to the two partners, the industry has in recent years discovered the small player, which works de facto as agents for Lloyd's in London, and which has the Maersk Group as a major customer. The insurance company was there when container ship Emma Maersk sprang a leak in the Suez Canal in 2013.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs