Hendricks

Name

Hendricks

Legal name

hendricks GmbH

Website

https://hendricks-makler.de

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Specialty Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Directors & Officers (D&O) Liability (FSAJADAF)

akta.pro secondary industries

Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD), Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I) (FSAEADAM)

Keywords

• Directors and officers insurance
• Financial lines brokerage
• Cyber insurance solutions
• Legal protection insurance
• Manager liability coverage

Headquarters

HQ city

Düsseldorf

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Brokerage Commission: Hendricks operates as a wholesale insurance broker earning commissions from insurance products placed with insurers. The company acts in the interest of policyholders (Versicherungsnehmer), not insurers, negotiating best coverage terms through their proprietary wordings.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Hendricks is a German specialty insurance broker that intermediates and designs Directors & Officers (D&O), financial lines, cyber, legal protection, fidelity, and cloud outage insurance policies. The firm also provides claims management services, operates a digital broker platform (hendricks digital), and runs a network of 140 specialized lawyers (HAN) to support policyholders during claims events.

Product overview

Hendricks is a leading specialty insurance broker in Germany offering a comprehensive 360° Financial Lines and Cyber protection portfolio. The core offering centers on D&O (Directors & Officers) insurance products including HPDO for companies, HPDO Stiftungen & Vereine for foundations/associations, HPTTT for supervisory boards, HPPDO personal D&O, and HPEO/HPDE for financial services. The legal protection portfolio includes HPST/HPPST criminal defense, HPAR employment contract protection, HPMR comprehensive manager legal protection, HPVR/HPVRDR/HPDR financial loss legal protection, HPCO compliance protection, and HPPOSI prospectus liability. Cyber offerings comprise HPCY cyber insurance, HPVSV fidelity/employee dishonesty insurance, HPCA parametric cloud outage insurance, and CPI cyber performance index assessment tool. Supporting platforms include hendricks digital marketplace for quote and signature processing, Manager SOS App providing emergency lawyer access and 360° coverage visualization, and a network of 140+ specialized lawyers. The company operates independently as part of the Howden Group, with three German offices and international reach across 90+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Hendricks Digital: Digital insurance marketplace platform for Financial Lines solutions
• Manager SOS App
• CPI – Cyber Performance Index
• HAN – Hendricks Anwaltsnetzwerk

Products and services

• Directors & Officers (D&O) Insurance Brokerage Specialty brokerage for D&O (manager liability) insurance covering board members, managing directors, and senior executives of companies; includes proprietary wordings and a curated panel of insurers.
• Financial Lines Insurance Brokerage Specialty brokerage for financial lines insurance, including D&O and related liability coverages for corporate clients and financial institutions.
• Cyber Insurance Brokerage
• Legal Protection Insurance Brokerage (Strafrechtsschutz) Specialty brokerage for legal protection/criminal defense insurance (Strafrechtsschutz) for managers and companies facing criminal or regulatory proceedings.
• Fidelity / Crime Insurance Brokerage (Vertrauensschaden) Specialty brokerage for fidelity and crime insurance covering employee dishonesty, embezzlement, and internal financial loss for companies and financial institutions.
• Cloud Outage Insurance Brokerage Specialty brokerage for cloud outage / business interruption insurance covering losses from cloud service provider outages; designed for cloud service providers and cloud-dependent companies.
• Claims Management Service End-to-end claims support for D&O, financial lines, and cyber policyholders, including a proprietary claims database built over more than 30 years and access to the HAN specialist lawyer network.
• HAN – Hendricks Attorney Network Curated network of 140 specialized German lawyers that policyholders can access for D&O, criminal, and financial lines claims defense; included as part of the brokerage value proposition.
• hendricks digital Platform Online digital platform for cooperation brokers to access Hendricks' specialty insurance products, quote, and place D&O, financial lines, and cyber business.
• Manager SOS App Mobile app offering D&O policyholders immediate access to expert guidance, hotline, and structured support in the event of a management liability or claims incident.
• CPI – Cyber Performance Index Proprietary cyber performance index / scoring tool used to assess and benchmark clients' cyber risk posture when placing cyber insurance.

Quantifiable outcome

• Over 90% of innovations in the D&O market originate from hendricks
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Howden Broking Group / Howden Group HoldingscoreStrategic or Co-development Partner · 1 January 2009Howden Broking Group (subsidiary of Hyperion Group, UK) acquired stake in Hendricks & CO in 2009, enabling international expansion and access to a global network with 51 locations in 18 countries. hendricks GmbH operates as part of the Howden Group Holdings.
• Aktion MenschminorOthersHendricks supports Aktion Mensch, a German social lottery organization, as part of their corporate social responsibility activities. The company displays the Aktion Mensch seal indicating their support.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• Hiscox Ltd: Specialty insurer and broker with strong D&O, professional indemnity, and cyber underwriting capabilities in Germany and Europe; comparable to Hendricks where its Financial Lines/cyber business intersects with brokerage-led placement.
• CFC Underwriting: London-based specialty insurer with strong cyber, professional indemnity, and management liability products distributed in Germany via brokers; relevant peer for Hendricks' HPCY, HPEO, and HPVSV product lines.

Direct peers

• Funk Gruppe: Hamburg-headquartered independent German insurance broker with dedicated Financial Lines and specialty risk practices; comparable to Hendricks as a mid-sized German specialist broker competing for the same D&O and corporate insurance clients.
• Ecclesia Group: Detmold-based German insurance broker group with specialty practices across Financial Lines and complex corporate risks; comparable to Hendricks as an independent German broker competing in D&O and specialty liability placement.
• MRH Trowe: German specialty insurance broker with strong Financial Lines and D&O placement capabilities serving mid-market and enterprise clients; directly comparable to Hendricks on product focus and German market orientation.

Broad incumbents

• Arthur J. Gallagher & Co. Global insurance brokerage with specialty Financial Lines capabilities including D&O; comparable to Hendricks as a competitor targeting mid-market German corporates while operating at much greater international scale.
• Aon plc (Aon Germany): Global insurance and risk advisory broker with established German Financial Lines, D&O, and Cyber practices; comparable to Hendricks as a direct competitor in German D&O brokerage with broader advisory and analytics offerings.
• Marsh & McLennan (Marsh Germany): Global insurance broker with a large German Financial Lines and D&O practice; competes with Hendricks on the same German corporate buyer set while offering a much broader product portfolio and international placement capabilities.
• Willis Towers Watson (WTW): Global insurance brokerage and advisory firm with Financial Lines and Risk & Analytics capabilities in Germany; competes with Hendricks for D&O, Cyber, and management liability mandates from German corporates.

Others

• Howden Group Holdings: Parent company and wider broking platform of Hendricks following the 2009 stake acquisition; operates competing Financial Lines broking franchises in other countries and shares clients for cross-border placements.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Managerhaftung
• Facebookfacebook.com/hendricksmakler
• LinkedInlinkedin.com/company/hendricks-makler

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hendricks