Morgan & Morgan

What Morgan & Morgan does

Morgan & Morgan S.r.l. is an Italian insurance and reinsurance broker (intermediary assicurativo) founded in 1991 and headquartered in Conegliano (Treviso), Italy. The company is registered in Italy's RUI (Registro Unico Intermediari) Section B under number B000063780, is subject to IVASS supervision, and operates under UNI EN ISO 9001:2015 quality certification. It serves four customer segments — Azienda (business/enterprise), Professionista (professionals), Enti Pubblici (public entities), and Persona (individuals) — through a portfolio of 52 distinct insurance product categories including property (Polizza All Risk), cyber risk (coverage up to €10M), D&O, professional liability, cargo, legal protection, clinical trial liability, wine industry, and construction/engineering policies. The firm operates an independent "GLOCAL" model combining international reinsurance access (via Lloyd's of London and ILLCA membership) with deep local market expertise, and manages over 700 claims per year through a dedicated team of RUI-registered Senior Project Managers and legal specialists.

The business model is commission-based: Morgan & Morgan acts as an independent intermediary mediating between clients and insurance carriers, earning recurring commissions on policy placements and renewals, supplemented by risk management consulting, facultative reinsurance placement, and international insurance program services for clients with cross-border exposure. GTM is sales-led via field consultants and Senior Project Managers, supplemented by event-driven demand generation (educational webinars, export market seminars, cultural sponsorships such as TEDx Conegliano 2025, and co-marketing with partners including Ebury, Credendo, SACE, and the Italian-Brazilian Chamber of Commerce). Effective April 23, 2026, the company was acquired by Area Broker S.p.A. (itself controlled by C.B.F. Holding S.r.l.), with operating offices, team, and client relationships preserved for service continuity.

Name

Morgan & Morgan

Legal name

Morgan & Morgan S.r.l.

Website

https://morganemorgan.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Morgan & Morgan S.r.l. is an Italian insurance and reinsurance broker founded in 1991 in Conegliano, serving businesses, professionals, public entities, and individuals across Italy with 52 insurance product categories and independent access to Lloyd's via ILLCA membership; acquired by Area Broker S.p.A. in April 2026.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Risk Management

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industry

Reinsurance Claims, Accounting & Contract Administration (Broker Services) (FSAOAHAI)

Keywords

• Insurance brokerage
• Risk management consulting
• Reinsurance services
• Commercial liability coverage
• Cyber risk insurance

Headquarters

HQ city

Conegliano

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Morgan & Morgan earns revenue as an insurance broker by mediating between clients and insurance companies. The company receives commissions from insurance carriers for placing and managing insurance policies on behalf of clients. This is a recurring commission model tied to policy renewals and new placements. The broker operates independently from insurance companies, ensuring client-focused recommendations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Insurance and reinsurance brokerage services for businesses, professionals, public entities, and individuals in Italy. The firm designs customized insurance programs covering property, liability, cyber, professional indemnity, D&O, cargo, trade credit, and specialty risks, alongside risk management consulting, optional reinsurance, and international insurance program placement. Brokerage is delivered through RUI-registered Senior Project Managers under a UNI EN ISO 9001:2015-certified quality system.

Product overview

Morgan & Morgan S.r.l. is an insurance broker (intermediary assicurativo) registered with RUI section B (n. B000063780), providing insurance brokerage and risk management consulting services since 1991. The company operates a multi-segment approach organized into four customer categories: Persona (individuals), Professionista (professionals), Azienda (businesses), and Enti Pubblici (public entities). The product portfolio includes core insurance products such as Polizza Cyber Risk (cyber risk coverage), Polizza All Risk/Danni alla Proprietà (property insurance), RC Amministratori/Polizza D&O (directors and officers liability), RC Professionale (professional liability), Assicurazione Trasporto Merci (cargo insurance), Polizza Tutela Legale (legal protection), and specialized sector products including RC Sperimentazioni Cliniche (clinical trials), Assicurazione Aziende Vitivinicole (wine industry), and Polizze CAR/Postuma Decennale (construction insurance). Supporting services include risk management consulting, optional reinsurance, and international insurance programs. The company maintains ISO 9001:2015 certification for its insurance services.

Differentiator

Problem solved

Functional benefit

Products and services

• Polizza Cyber Risk Insurance coverage protecting businesses from cyber threats including hacker attacks, data breaches, ransomware, system interruptions, and cyber crime damages, with coverage limits (massimali) available up to €10 million.
• Polizza All Risk (Danni alla Proprietà) All-risk property insurance covering damage to buildings, machinery, equipment, and business interruption from events such as fire, flood, earthquake, and other named perils to protect corporate assets.
• RC Amministratori / Polizza D&O Directors and Officers liability insurance covering personal liability of administrators and managers for management decisions, including corporate governance risks.
• Polizza RC Professionale Professional liability insurance covering financial losses suffered by third parties due to errors and omissions in professional activities, including coverage aligned with the Italian Legge Gelli-Bianco for healthcare professionals.
• Assicurazione Trasporto Merci Cargo insurance coverage for goods during transportation, protecting against loss or damage during shipping.
• Polizza Tutela Legale Legal protection insurance covering legal defense costs for criminal, civil, and administrative proceedings.
• Assicurazione RC Sperimentazioni Cliniche Clinical trial liability insurance for pharmaceutical companies covering risks associated with medical research.
• Assicurazione Aziende Vitivinicole Specialized insurance for wine producers covering vineyard and winery risks including hail damage.
• Polizze CAR e Postuma Decennale Contractors' All Risks and ten-year post-completion liability insurance for construction and engineering projects.
• Assicurazione Crediti Commerciali Trade credit insurance protecting businesses against non-payment by customers.
• Risk Management e Consulenza Assicurativa Aziendale Insurance risk management consulting and advisory services for enterprises, including risk analysis and customized insurance program design led by RUI-registered Senior Project Managers.
• Servizio di Riassicurazione Facoltativa Optional facultative reinsurance placement services for risk distribution and capacity enhancement for clients with complex or high-severity risks.
• Programmi Assicurativi Internazionali International insurance program services for multinational enterprises requiring cross-border coverage, placed through Lloyd's of London, international insurers, and reinsurance correspondents.

Quantifiable outcome

• Successfully manages over 700 insurance claims per year with dedicated expert and legal support
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• EburyminorGTM or Marketing Partner · 6 February 2024Ebury is a European fintech specializing in international payments, currency risk management, and trade finance. Morgan & Morgan partnered with Ebury to co-host a February 2024 webinar targeting Italian SMEs on currency risk and exchange rate hedging solutions. Ebury provides a digital platform enabling businesses to lock favorable exchange rates for future transactions.
• CredendominorStrategic or Co-development PartnerCredendo is a European credit and political risk insurance group active across all segments of credit insurance. Credendo participated in the February 2024 webinar co-hosted by Morgan & Morgan, presenting trade credit and political risk insurance solutions for Italian exporters.
• SACEminorStrategic or Co-development PartnerSACE is the Italian export and investment insurance company (controlled by the Italian Ministry of Economy). Morgan & Morgan collaborated with SACE for the March 2024 Export USA event, presenting SACE's insurance and financial instruments to support Italian SME growth in international markets.
• Camera di Commercio Italo Brasiliana (CCIB)minorStrategic or Co-development PartnerThe Italian-Brazilian Chamber of Commerce (CCIB) partnered with Morgan & Morgan to co-host an April 2025 event on Brazilian market entry covering international insurance, logistics, customs, and trade opportunities for Italian companies.
• Lloyd's of LondoncoreTechnology or IntegrationMorgan & Morgan maintains relationships with Lloyd's of London insurance market through its ILLCA correspondent membership, enabling placement of complex and high-capacity insurance risks for Italian clients requiring Lloyd's coverage.
• AIBA (Associazione Italiana Brokers di Assicurazioni e Riassicurazioni)minorOthers
• ILLCA (Italian Lloyd's Correspondents)coreTechnology or IntegrationILLCA is the Italian association of Lloyd's correspondents. Morgan & Morgan is a member, enabling access to the Lloyd's market for complex and specialty insurance placements for Italian clients.
• RINAminorOthersRINA is an Italian certification and inspection company. Morgan & Morgan displays the RINA logo indicating its UNI EN ISO 9001:2015 quality certification, demonstrating process and service quality standards.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Others

• Credendo: European credit insurance and political risk insurer with which Morgan & Morgan partners for joint webinars. Adjacent rather than directly competing — a credit insurance specialist that is both a partner and an alternative distribution channel Italian exporters could choose.
• AIBA (Associazione Italiana Brokers di Assicurazioni e Riassicurazioni): Italian trade association of insurance and reinsurance brokers of which Morgan & Morgan is a member. Representative body rather than a competitor, but ecosystem-relevant: peer network for placing, sharing market intelligence, and advocacy on IVASS regulation.

Direct peers

• Assiteca S.p.A. Italian insurance and reinsurance broker serving SMEs, professionals, and enterprises across Italy. Competes directly with Morgan & Morgan in commercial lines brokerage, risk management consulting, and Italian regulatory expertise (IVASS/RUI framework).
• Area Broker S.p.A. Italian insurance and reinsurance broker headquartered in Reggio Emilia that acquired Morgan & Morgan S.r.l. in April 2026. Operates the same RUI-regulated brokerage model serving SMEs, professionals, and enterprises in Italy — direct parent and closest functional peer.
• GBS Brokers (now BPLG / HDI Group): Italian insurance broker specializing in commercial lines for SMEs and mid-market companies. Overlaps with Morgan & Morgan in property, liability, D&O, and professional indemnity placement across Italian businesses.

Broad incumbents

• Willis Towers Watson Italy (WTW): Italian operations of WTW, providing commercial insurance brokerage, risk management, and reinsurance services. Comparable in serving Italian corporates with complex commercial and specialty risks, including D&O and cyber.
• Marsh & McLennan Italia: Italian arm of the global Marsh brokerage and risk advisory network. Provides commercial lines, specialty, and reinsurance brokerage to Italian corporates and SMEs, competing with Morgan & Morgan's GLOCAL positioning at the upper end of the market.
• Aon Italia: Italian subsidiary of Aon plc, one of the world's largest insurance brokers and risk advisors. Offers commercial, specialty, and reinsurance brokerage to Italian businesses — broad incumbent overlap with Morgan & Morgan's commercial and facultative reinsurance offerings.
• Arthur J. Gallagher Italia (Gallagher): Italian subsidiary of Arthur J. Gallagher, providing commercial insurance, risk management, and reinsurance brokerage. Targets Italian SMEs and mid-market accounts much like Morgan & Morgan, but at significantly greater scale.

Emerging players

• Howden Italia (formerly Aria): Italian presence of the Howden Group, a specialty insurance broker expanding in Europe. Competes in specialty lines including D&O, cyber, and professional liability — directly overlapping with Morgan & Morgan's specialty product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Morgan & Morgan