Anova Marine Insurance
Anova Marine Insurance is a Lloyd's Coverholder MGA providing specialty cargo, freight liability, and bond products to freight forwarders, NVOCCs, and logistics operators across the Americas via a proprietary cloud-based underwriting platform.
- Company typePrivate
- Founded2011
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Anova Marine Insurance does
Anova Marine Insurance is a specialty marine and logistics insurance managing general agent (MGA) and Lloyd's Coverholder founded in 2011 in Miami, Florida. The company underwrites and distributes cargo, liability, and surety bond products tailored to freight forwarders, Non-Vessel Operating Common Carriers (NVOCCs), third-party logistics providers (3PLs), motor carriers, and importers/exporters across the Americas. Its three core product lines are annual cargo insurance (ICC PLUS, TOTAL LOSS PLUS, Stock Throughput), all-in-one freight liability packages, and OTI/Customs bonds (including the unique BondASSIST offering for smaller operators without personal guarantees). The company operates a proprietary cloud-based portal enabling 24/7 online quoting, certificate issuance, amendments, and claims tracking, and holds delegated underwriting authority from Lloyd's, AIG, TT Club, The Hartford, and Chaucer Insurance Company, with limits up to $25M ($50M within 24 hours) and special-concept cargo coverage up to $100M per transit. Its go-to-market is a hybrid of direct sales through a multilingual broker network spanning the U.S., Mexico, Argentina, and Central America, combined with self-service digital onboarding via the portal.
The business is now a wholly owned subsidiary of Specialty Program Group (SPG), which acquired Anova in 2025 and in early 2026 merged it with Logistiq Insurance Solutions to form a unified marine and transportation insurance platform. Anova's economics are that of an MGA/coverholder: it collects premiums on behalf of capacity providers, retains commissions and profit share, and handles claims in-house rather than through third-party administrators. As of 2021, the company had grown to roughly 25 staff globally and had underwritten more than $5bn USD of cargo in a single calendar year, up from $500M in its first year of operation. The legal entity is incorporated in England and Wales, with operational headquarters relocated to Pembroke Pines, Florida in 2019.
Anova Marine Insurance firmographics
Firmographics- Name
- Anova Marine Insurance
- Legal name
- Anova Marine
- Website
- https://anovamarine.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Anova Marine Insurance is a Lloyd's Coverholder MGA providing specialty cargo, freight liability, and bond products to freight forwarders, NVOCCs, and logistics operators across the Americas via a proprietary cloud-based underwriting platform.
- Ownership category
- akta.pro rank
Anova Marine Insurance industry classification
Industry- Product category
- Marine Cargo Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)
- akta.pro secondary industries
- Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ), Motor Truck Cargo & Inland Marine (Goods-in-Transit) (TLABANAD), Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)
Keywords
Where Anova Marine Insurance is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Anova Marine Insurance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Cargo Insurance Premiums: Annual cargo coverage policies including ICC PLUS and TOTAL LOSS PLUS options, providing all-risks and named-perils coverage for ocean and domestic cargo with reinsurance through stock throughput programs
- Shipper's Interest and Forwarder Cargo: Individual coverage for specific shipments including multi-million dollar cargo projects, with pay-as-you-go pricing model
- Liability Insurance: Annual liability coverage packages combining freight liability, E&O, cargo liability, warehouse, motor truck cargo, general liability, cyber liability, and legal defense in single policies
- OTI and Customs Bonds: Bond solutions including Ocean Transport Intermediary Bonds and Customs Bonds, with BondASSIST option for smaller companies
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ICC PLUS - All-risks coverage with extended intermediate storage |
| Subscription | Annual | TOTAL LOSS PLUS - Named perils coverage based on ICC-B rules |
| Subscription | Annual | Stock Throughput - Cradle to grave coverage for imports/exports |
| Usage-based | Pay-as-you-go | Shipper's Interest and Forwarder Cargo - Pay-as-you-go per shipment coverage |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Anova Marine Insurance product offering
Product offeringCore offering
Anova Marine Insurance is a specialty marine insurance managing general agent (MGA) and Lloyd's Coverholder that underwrites cargo insurance, freight liability coverage, and customs/OTI bonds for freight forwarders, NVOCCs, importers, exporters, and logistics operators. Policies are issued and serviced through a proprietary cloud-based platform providing 24/7 quote, certificate issuance, online amendments, and claims access with an in-house claims team. Underwriting authority is delegated by Lloyd's, AIG, TT Club, The Hartford, and Chaucer Insurance Company, supporting both annual coverage and pay-as-you-go per-shipment protection.
Product overview
Anova Marine Insurance is a premier provider of cargo and logistics insurance offering a comprehensive suite of products through its proprietary cloud-based platform. The portfolio includes three core product lines: Cargo Insurance (annual coverage with ICC PLUS, TOTAL LOSS PLUS, and Stock Throughput options), Liability Insurance (all-in-one freight liability packages for freight forwarders, NVOCCs, brokers, and warehousemen), and Bonds (OTI Bonds, Customs Bonds, and the unique BondASSIST option). The company operates as a Lloyd's Coverholder with underwriting authority and partnerships with AIG, TT Club, and The Hartford. All products are accessible through a cloud-based portal offering immediate coverage, 24/7 availability, and digital claims processing.
Differentiator
Problem solved
Functional benefit
Products and services
- ANOVA Cargo Insurance
Quantifiable outcome
- 98% Claims paid rate with 'if it's gray, we pay' philosophy
- +4 more outcomes
Companies that use Anova Marine Insurance
Customer profileNamed customers2 records
Segments6 records
Ideal customer profiles5 records
Anova Marine Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature3 records
Anova Marine Insurance partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, strategic and minor.
- Lloyd's of LondoncoreANOVA is a direct Underwriting Agent and Claims Handling Agent for certain Underwriters at Lloyd's. Their proprietary forms and policies are authorized for marine liability insurance, cargo insurance, and reinsurance around the world. Appointed as Lloyd's Coverholder in 2016.
- AIGcoreANOVA holds significant underwriting and claims authority for cargo insurance programs throughout the Americas, with ability to write special concept cargo coverage including the ANOVA Yacht Program, Project Cargo, and high-value shipments to $100m USD per transit.
- TT ClubcoreANOVA is the only company in the world selected to carry the TT Club Underwriting Partner badge, permitting them to act as Underwriting Agent for TT Club's TLC Marine Liability package policies and proprietary Cargo Insurance.
- The HartfordstrategicANOVA is appointed to write business with The Hartford (formerly Navigators) and can accommodate annual cargo policies for importers and exporters along with access to specialist expertise.
- Chaucer Insurance CompanystrategicANOVA underwrites on behalf of Chaucer Insurance Company for certain liability coverage lines.
- ALACATminorANOVA is a Socio Adherente (Trustee Partner) of ALACAT, the pre-eminent association of logistics and freight forwarding associations in Latin America and the Caribbean. Committed to serving ALACAT's member organizations.
- FCBFminorANOVA has been a member of FCBF for many years and regularly attends and sponsors conferences and events.
Scale indicators9 records
Recent moves5 records
Expansion highlights6 records
Anova Marine Insurance competitors and assessment
Company assessmentBroad incumbents
- AXA XL (Marine): Global specialty (re)insurer with a substantial Marine cargo and liability practice serving logistics operators worldwide. Overlaps with Anova on ocean cargo, stock throughput, and freight liability but as part of a much broader specialty portfolio rather than a marine-focused MGA.
- Liberty Specialty Markets: Global specialty insurer within Liberty Mutual with a Marine practice covering cargo, freight liability, and logistics risks across the Americas, Europe, and Asia. Comparable product breadth for logistics operators but as part of a diversified specialty carrier.
- Travelers Marine: Major US P&C carrier with a dedicated Ocean Marine and Global Logistics practice covering cargo, freight liability, and warehouse legal liability. Comparable product set but a much larger, diversified insurer serving enterprise accounts.
- Allianz Global Corporate & Specialty: Global corporate insurer offering Ocean Marine, cargo, and logistics liability as part of its specialty portfolio. Broad incumbent serving multinational freight and logistics clients.
- Chubb Marine: Global P&C carrier with Ocean Marine cargo and logistics liability capabilities distributed through brokers. Overlaps with Anova on ocean cargo and freight forwarder coverage but as part of a much broader commercial portfolio.
Direct peers
- Beazley: Specialty insurer with marine, cargo, and logistics liability capabilities distributed through brokers. Comparable specialty underwriting approach with delegated authority programs, though with a broader portfolio across professional lines and cyber.
- TT Club: The transport and logistics industry mutual insurer providing liability and cargo cover to freight forwarders, NVOCCs, and logistics operators globally. Direct peer as Anova acts as TT Club's exclusive Underwriting Partner for TLC Marine Liability and proprietary Cargo products in the Americas.
- Roanoke Trade Services: Specialty insurance broker and MGA focused exclusively on logistics, cargo, and trade-related insurance products for freight forwarders and customs brokers. Highly comparable niche MGA serving overlapping customer segments with cargo, bonds, and liability products.
- Markel International: Specialty insurer with a Marine and Energy practice writing cargo, liability, and logistics coverage for SMEs and mid-market accounts. Directly comparable in targeting specialty marine risks with bespoke underwriting authority.
Emerging players
- CFC Underwriting: Tech-forward specialty MGA writing cargo, logistics liability, and emerging risks on delegated paper. Comparable cloud-based distribution model and broker-led GTM, focused on SME and mid-market accounts.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Anova Marine Insurance social profiles
Digital presenceAnova Marine Insurance compliance and trust
Trust signalCompliance4 records
Anova Marine Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Anova Marine Insurance leadership team
Management profileNumber of profiles
Profiles3 records
Anova Marine Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Anova Marine Insurance M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Anova Marine Insurance
What does Anova Marine Insurance do?
Anova Marine Insurance is a specialty marine insurance managing general agent (MGA) and Lloyd's Coverholder that underwrites cargo insurance, freight liability coverage, and customs/OTI bonds for freight forwarders, NVOCCs, importers, exporters, and logistics operators. Policies are issued and serviced through a proprietary cloud-based platform providing 24/7 quote, certificate issuance, online amendments, and claims access with an in-house claims team. Underwriting authority is delegated by Lloyd's, AIG, TT Club, The Hartford, and Chaucer Insurance Company, supporting both annual coverage and pay-as-you-go per-shipment protection.
Is Anova Marine Insurance a public or private company?
Anova Marine Insurance is a private company. It is classified as private equity controlled and is currently operating.
When was Anova Marine Insurance founded?
Anova Marine Insurance was founded in 2011. It employs 11 to 50 people.
Where is Anova Marine Insurance based?
Anova Marine Insurance is headquartered in Miami, United States, in the North America region.
How does Anova Marine Insurance make money?
Four revenue lines are on record. Cargo Insurance Premiums are the primary driver. The others are shipper's Interest and Forwarder Cargo, liability Insurance and OTI and Customs Bonds.
Who are Anova Marine Insurance's main competitors?
Broad incumbents on record are AXA XL (Marine), Liberty Specialty Markets, Travelers Marine, Allianz Global Corporate & Specialty and Chubb Marine. Direct peers are Beazley, TT Club, Roanoke Trade Services and Markel International. CFC Underwriting is listed as an emerging player.
Does Anova Marine Insurance have an API?
No public API is recorded for Anova Marine Insurance.
What industry is Anova Marine Insurance in?
Anova Marine Insurance's product category is Marine Cargo Insurance. Its primary akta.pro industry code is FSAJAHAA, Ocean Marine Insurance (Hull, Cargo & Freight), with a secondary code of FSAJAGAJ, Marine Specialty (Hull/P&I/Cargo). Its NAICS code is 52412 and its SIC code is 6331.