Cambiaso Risso expands in the nautical sector by acquiring the French broker Somecassur
The Cannes-based company specializes in H&M and P&I insurance services for super and mega yachts
The Cambiaso Risso Group, a historic Genoese company specializing in marine insurance brokerage, has announced the acquisition of Somecassur, a Cannes-based company specializing in super and megayacht insurance, founded by Pierre Ceci, who will remain president and CEO.
"Thanks to its strategic partnership with the Diot-Siaci Group, Cambiaso Risso is now the third-largest marine insurance broker in the world and the second-largest in Europe," a statement explains. "The transaction, coordinated by Pierre Donnersberg, co-president of Diot-Siaci, and Mauro Iguera, CEO of the Cambiaso Risso Group, will allow the latter to further strengthen its presence on the French Riviera and expand its Yacht service, which guarantees its clients risk assessment, adequate coverage, quality insurers, and competitive premiums. The insurance offered to yacht owners and operators ranges from the most sophisticated Hull & Machinery and Protection and Indemnity coverage to all types of third-party liability policies, including personal insurance for crew accidents."
The note concludes by noting that Cambiaso Risso's Yacht Insurance Brokerage, which is now expanding with the addition of the Somecassur office in Cannes, has been managed for over two decades from its Genoa and Monaco offices, where, in addition to insurance consultancy, it also offers maritime agency and berth sales services.
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