Costero Brokers

What Costero Brokers does

Costero Brokers Limited is an independent, FCA-authorized (FRN 309528) Lloyd's of London insurance and reinsurance broker, registered in England and Wales as a private limited company and headquartered at 9th Floor, The Northern & Shell Building, 10 Lower Thames Street, London. The firm intermediates specialty and complex risks between retail/wholesale brokers, managing general agents (MGAs), coverholders, insurers and reinsurers, drawing on access to the Lloyd's marketplace, London Company market and international carriers to place hard-to-place and emerging risks. Its offering spans property, construction, energy and natural resources, parametric, cyber/media/technology, credit and political risk, marine and cargo, binders and delegated authority programs, UK wholesale/residential lines, crisis management, professional and financial lines, facultative and treaty reinsurance, and specialty classes (accident & health, contingency, transportation).

The product portfolio is anchored by digitally executed facilities that move the firm beyond pure advisory placement: the Terrorism Portal enables quote-and-bind in roughly 60 seconds; the parametric quoting system structures policies on event triggers with a $100,000 minimum premium per opportunity; Costero Crime Connect provides Lloyd's-backed e-crime coverage up to $10 million; and an In-House Property Binder, fully backed by Lloyd's, accepts risks across nine US states, with a separate Deductible Buydown facility allowing deductibles up to $5,000,000 to be bought down to $5,000. Business model is commission-based brokerage on placements, with bespoke quote-driven pricing rather than published tiers; the firm is sales-led, content-markets through quarterly State of the Global Insurance Market reports and industry insights, and runs a referral-heavy direct-to-broker distribution motion. The team is structured by specialty class with divisional directors across property, energy, marine, cyber, crisis management, treaty and claims, reflecting a deliberate vertical-specialist operating model rather than a generalist broker of scale.

Name

Costero Brokers

Legal name

Costero Brokers Limited

Website

https://costerobrokers.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Costero Brokers is an independent, FCA-authorized Lloyd's of London insurance and reinsurance broker that places specialty and complex risks across property, energy, marine, cyber, crisis management, parametric and treaty lines for retail/wholesale brokers, MGAs, insurers and reinsurers worldwide.

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

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Specialty insurance brokerage
• Lloyd's of London broker
• Reinsurance placement services
• Commercial insurance solutions
• Wholesale insurance broking

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commissions: Earns commissions on insurance and reinsurance placements placed through Lloyd's, London Company, and international markets. Revenue generated from facilitating coverage between clients and underwriting markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Costero Brokers is an independent Lloyd's of London insurance and reinsurance broker that places specialty and complex risks across the Lloyd's, London Company, and international markets. The firm serves other brokers, MGAs, coverholders, insurers, reinsurers, banks, and corporates across more than 20 classes of business including property, construction, energy, cyber, credit and political risk, marine, parametric, crisis management, healthcare, and digital assets.

Product overview

Costero Brokers is a Lloyd's of London insurance broker offering a comprehensive portfolio of specialty insurance and reinsurance products and services. The firm operates across multiple insurance classes including Property, Construction, Energy and Natural Resources, Parametric Insurance, Cyber/Media/Technology (including the proprietary Costero Crime Connect product), Credit and Political Risk, Marine & Cargo, Binders & Programs, Insuretech & Emerging Risk, UK Wholesale/Residential/Delegated Authorities, Crisis Management, ProFin and Casualty, Facultative & Treaty, and Specialty insurance. The company provides both open market placements and delegated authority facilities, serving brokers, MGAs, captives, and insurers with access to Lloyd's, London Company, and international markets. Key facilities include the Deductible Buydown program (US marketplace), In-House Property Binder (Lloyd's-backed), and specialized products like Costero Crime Connect for e-crime coverage.

Differentiator

Problem solved

Functional benefit

Brands

• Costero Crime Connect: An innovative cybersecurity product providing standalone or excess limit coverage for e-crime coverages up to $/£10m, exclusive to Costero Brokers in London. Covers social engineering, invoice manipulation, fund transfer fraud, and customer impersonation.

Products and services

• Property Insurance

Quantifiable outcome

• Independent broker enabling complex risk placement through Lloyd's market with GBP £57.9 billion GWP capacity

Named customers1 record

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Lloyd's of London SyndicatescoreStrategic or Co-development PartnerCostero partners with Lloyd's of London syndicates to provide standalone and excess limit e-crime coverage up to $/£10m through the Costero Crime Connect product. This exclusive product provides cyber crime protection including social engineering, invoice manipulation, fund transfer fraud, and customer impersonation coverage.
• CoincovercoreStrategic or Co-development PartnerCostero has been at the forefront of providing insurance for crypto-related companies, most notably for Coincover's ground-breaking wallet protection product which protects retail investors against theft and hacking events.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ed Broking: Independent Lloyd's broker providing specialty insurance and reinsurance solutions across energy, marine, property, and aviation. Directly comparable as an independent specialty Lloyd's broker of similar scale serving complex placement needs.
• Miller Insurance Services: Independent London-based Lloyd's broker specializing in complex and specialty insurance placements across energy, marine, aviation, and credit/political risk. Closely comparable to Costero in independent positioning, Lloyd's-centric distribution, and specialty class focus.
• BMS Group: Independent specialist insurance and reinsurance broker operating primarily through Lloyd's and London markets, with a strong focus on specialty and emerging risks. Comparable independent Lloyd's broker with similar product diversification strategy.
• RKH Specialty: Specialty insurance broker operating through London and international markets, focused on complex and emerging risks including cyber, political risk, and crisis management. Comparable specialty broker with overlapping product lines.
• Besso Insurance: Independent London market insurance and reinsurance broker with deep Lloyd's relationships, focused on specialty lines including energy, marine, and political risk. Closely comparable independent Lloyd's broker with similar specialty orientation.
• RFIB Group: Independent London-based specialty insurance and reinsurance broker with strong Lloyd's presence, serving clients with complex risk placement needs. Direct peer in the independent London specialty broker category.
• Howden Group: Independent specialty insurance and reinsurance broker with significant Lloyd's of London presence, offering complex placements across energy, marine, cyber, and emerging risk lines. Direct competitor in the independent Lloyd's broker space with comparable specialty line breadth.

Broad incumbents

• Aon: Global professional services firm with a major insurance brokerage division offering specialty and reinsurance placements across all major lines through London and international markets. Operates in the same product categories as Costero at vastly larger scale.
• Marsh Specialty: Global insurance broker and risk advisor with extensive Lloyd's and London market access, offering broad specialty insurance solutions across all major lines. Comparable product portfolio but operating at vastly greater scale as a global incumbent.
• Arthur J. Gallagher: Global insurance brokerage and risk management firm with significant specialty insurance operations, providing complex placements across property, casualty, energy, and aviation. Comparable in product categories but as a much larger, publicly-traded incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/costerobrokers
• Xx.com/CosteroBrokers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 Costero Brokers