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09 August 2020 The on-line newspaper devoted to the world of transports 13:25 GMT+2



July 30, 2020

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The Greek insurance brokerage company Fender joins Siaci-Cambiaso Risso

The Pireo company specializes in insurance Protection & Indemnity

The insurance brokerage company Cambiaso Risso, recently joined the brokerage group insurance French Siaci Saint Honoré ( 13 February 2019), announced the establishment of an alliance Strategic partnership with Greece's Fender, founded in 2012 and specialising in insurance brokerage, as part of a broad plan for future development of the group.

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.

PSA Genova Pra'



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