NW Assekuranz

What NW Assekuranz does

NW Assekuranz (legal entity: Nordwest Assekuranzmakler GmbH & Co. KG) is an owner-managed commercial insurance broker headquartered in Bremen, Germany, founded in 1858. The firm employs 300-350 specialists across seven German offices (Bremen HQ, Düsseldorf, Hamburg, Hannover, Kiel, Münster, and Ingolstadt via subsidiary FSF Insurance Broker GmbH) and operates through multiple limited-partnership and management entities. It earns commissions by placing client risks on global insurance markets and provides insurance management, risk management, technical risk assessment, M&A due diligence, and corporate provisions advisory services.

The company serves enterprises across 17 industry verticals, with primary depth in renewable energy (especially wind power, where it claims world-leadership and manages 50,000+ MW of project capacity), aerospace and space (satellite construction/transport coverage), real estate, manufacturing, transport and logistics, and construction/agricultural machinery. Its differentiating capabilities include an in-house interdisciplinary team of engineers, legal experts, captains, and insurance specialists that allows underwriting of complex technical risks, plus global delivery through its position as a member and shareholder of the UnisonSteadfast network spanning 550+ members in 150+ countries.

Revenue is generated almost exclusively through insurance brokerage commissions on placed risks, with no publicly disclosed pricing or fees; deal flow combines enterprise field sales, dedicated industry events (Cyber-Breakfast, Wind/Solar Stammtisch, Husum WindEnergy trade fair), 13+ industry association memberships, and a digital presence on LinkedIn and Xing. The firm is regulated as an insurance broker under Section 34d(1) GewO and is GDPR compliant. Ownership sits with nine named Managing Partners and Geschäftsführer; no external private equity ownership was identified.

Name

NW Assekuranz

Legal name

Nordwest Assekuranzmakler GmbH & Co. KG

Website

https://nw-assekuranz.de

Company type

Private

Founded year

1858

Operating status

Operating

Headcount range

101–250 employees

Short description

NW Assekuranz is a Bremen-based, owner-managed German insurance broker founded in 1858, serving enterprise clients across 17 industry verticals with deep specialty in renewable energy, aerospace/space, and complex industrial risk, leveraging 300+ in-house engineers, legal experts, and insurance specialists plus the global UnisonSteadfast network.

Ownership category

akta.pro rank

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)

akta.pro secondary industries

Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I) (FSAEADAM), Technology Errors & Omissions (Tech E&O) / Professional Liability (FSAJAOAC), Marine & Aviation War-Risk Insurance (FSAJAHAG)

Keywords

• Insurance brokerage services
• Commercial risk management
• Renewable energy insurance
• Cyber insurance solutions
• Due diligence advisory

Headquarters

HQ city

Bremen

HQ country

Germany

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: NW Assekuranz operates as an insurance broker, transferring risks by developing customized coverage concepts and placing them on the insurance market. They receive commissions from insurance companies for placing client risks.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

NW Assekuranz is a commercial insurance broker that identifies and analyzes risks faced by enterprise clients and develops tailor-made insurance coverage concepts. It transfers client risks to global insurance markets by negotiating with carriers on behalf of clients, providing services across insurance management, risk management, risk assessment, due diligence, and corporate provisions across 17 industry verticals.

Product overview

NW Assekuranz is a global insurance broking firm offering a comprehensive portfolio of insurance and risk management services. The core offering centers on insurance management, risk management, risk assessment, due diligence, and provisions. The company provides specialized insurance products including permit challenge insurance (Widerspruchsversicherung) and cyber insurance. NW Assekuranz operates across 17 industry verticals including renewable energies, aerospace/space, construction, maritime, real estate, transport/logistics, and machinery. The company is a member and shareholder of UnisonSteadfast, one of the largest international insurance networks, providing access to global insurance markets and cross-border coverage capabilities.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Managing renewable energy projects with total capacity exceeding 50,000 MW worldwide
• +1 more outcomes

Named customers5 records

Segments14 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

18 partnerships are on record, tiered core and minor.

• MX Underwriting EuropecoreStrategic or Co-development Partner · 12 September 2023Partnership for the development of permit challenge insurance (Widerspruchsversicherung). MX Underwriting Europe worked with NW Assekuranz for 12 months to develop German insurance conditions, exclusively offered in the German market. Projects abroad in selected countries can also be covered.
• UnisonSteadfastcoreChannel Partner/ Reseller/ DistributorNW Assekuranz is a member and shareholder of UnisonSteadfast, one of the world's leading networks of medium-sized insurance brokers. The network spans 150+ countries across all geopolitical continents with 550+ members managing 3,000+ multinational customer connections.
• BWTS GmbHminorStrategic or Co-development PartnerPartnership for full-service coverage of charging infrastructure for electric mobility. BWTS provides maintenance, inspection and repair services while NW Assekuranz handles insurance structuring.
• Bureau VeritasminorStrategic or Co-development PartnerPartnership for full-service coverage of charging infrastructure. Bureau Veritas provides testing, inspection and certification services in the EV charging infrastructure space.
• Allianz für Cyber-SicherheitminorOthersPartnership with German Cyber Security Alliance for enhanced cybersecurity offerings and expertise sharing.
• BDI NewSpace Initiative e.V.minorOthersMembership in BDI NewSpace Initiative supporting space industry insurance solutions.
• Bundesverband WindEnergie e.V.minorOthersMembership in German Wind Energy Association supporting wind energy insurance expertise.
• Bundesverband Windenergie Offshore e.V. (BWO)minorOthersMembership in Offshore Wind Energy Association supporting offshore wind insurance solutions.
• Bundesverband Energiespeicher Systeme e.V. (BVES)minorOthersMembership in Energy Storage Systems Association supporting battery and storage insurance offerings.
• Bundesverband der Baumaschinen-, Baugeräte- und Industriemaschinen-Firmen e.V. (BBI)minorOthersFSF Insurance Broker (NW Assekuranz subsidiary) is a supporting member providing insurance expertise to construction and industrial machinery industry.
• BDVM - Bundesverband Deutscher Versicherungsmakler e.V.minorOthersMembership in German Insurance Brokers Association representing professional insurance brokers.
• World Forum Offshore Wind (WFO)minorOthersMembership in global offshore wind forum supporting international industry collaboration.
• WindEnergy Network e.V.minorOthersMembership in wind energy network supporting industry expertise and networking.
• WAB e.V.minorOthersMembership in offshore wind industry association based in Bremen/Germany.
• Bundesverband Geothermie e.V.minorOthersMembership in geothermal energy association supporting geothermal insurance offerings.
• Erneuerbare Energien Hamburg Clusteragentur GmbHminorOthersMembership in Hamburg renewable energy cluster supporting regional industry collaboration.
• GeoEnergy Celle e.V.minorOthersMembership in energy competence network for oil, gas, and geothermal energy.
• DiWiSH - Clustermanagement Digitale Wirtschaft Schleswig-HolsteinminorOthersMembership in digital economy cluster supporting IT and cybersecurity expertise.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Marsh: World's largest insurance broker and a direct competitor across property, casualty, energy, marine, aviation, and cyber. Marsh is the benchmark global player that NW Assekuranz positions against in complex industrial and renewable energy risks.
• Lockton: Largest independent insurance broker globally with a strong European presence and significant renewable energy practice. Competes with NW Assekuranz for specialty complex placements.
• WTW (Willis Towers Watson): Global advisory and brokerage firm with established energy, aerospace, and marine practices. Competes with NW Assekuranz for large industrial placements and complex multinational programs.
• Funk Gruppe: Hamburg-based German insurance broker with strong industrial, transport, and international program capabilities. Direct competitor for mid-market German enterprise business.
• Aon: Global insurance and reinsurance broker with deep specialty capabilities in renewable energy, aviation/space, and M&A-related due diligence — the same specialty lines that anchor NW Assekuranz. Notably, former Aon CDO Matthias Böhm is now a managing partner at NW Assekuranz.
• Arthur J. Gallagher: US-headquartered global insurance broker with growing international footprint in energy, construction, and specialty lines. Competes for German Mittelstand and European enterprise clients with cross-border risk placements.
• Howden Group: London-headquartered specialty insurance and reinsurance broker with strong renewable energy and aviation practices. Recently acquired TigerRisk, expanding its energy transition capabilities — directly comparable to NW Assekuranz's positioning.
• MRH Trowe: German specialty insurance broker headquartered in Frankfurt, focused on industrial, real estate, and corporate risks. Closest mid-market German competitor to NW Assekuranz with comparable specialty positioning.

Regional players

• Ecclesia Group: German insurance broker with strong industrial and commercial specialty practices, including infrastructure and energy. Operates primarily in Germany with adjacent European presence.

Emerging players

• Elementum Insurance: Specialty insurance broker and MGA dedicated to renewable energy and energy transition risks. Niche peer most comparable to NW Assekuranz's wind/solar leadership positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nordwest-assekuranzmakler

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 NW Assekuranz