Säkra acquires Fairwater Marine
24 March 2023
The market leader in marine insurance in the Nordics, Säkra is now after an acquisition in March 2023, the new owner of Fairwater Marine.
Säkra is Sweden's largest insurance intermediary, offering life insurance, property insurance, and financial advisory services. With the acquisition of Fairwater Marine, Säkra's team of specialists in marine insurance has expanded. In addition, Fairwater Marine's marine insurance products can now be offered by Säkra's qualified insurance intermediaries at over 80 offices throughout Sweden.
"Säkra has built up specialist expertise in a number of areas in recent years, including marine insurance. With Fairwater's presence in the Nordic countries, we are taking a big step in developing marine insurance business in neighboring countries," said Petter Turegård, Head of Specialty at Säkra.
Fairwater Marine was first founded in 1985 as Salén AB and has been in operation as Fairwater Marine since 2005. The Insurance Broker has a strong position in the Nordic market and continues to be a specialist marine insurance company within Säkra's corporate group.
"We are excited to continue Fairwater Marine's growth journey together with Säkra. We look forward to collaborating with their existing team and being a part of Säkra's continued focus on this area," said Mats Öhman, CEO of Fairwater Marine.
From Fairwater Marine's offices in Stockholm, Gothenburg, Helsinki, Oslo, and Copenhagen, insurance solutions are offered for hull and machinery (H&M) and protection and indemnity (P&I), among other areas. Clients include primarily shipowners, management companies, charterers, cargo owners, and logistics companies."