EURORISK SA

What EURORISK SA does

EURORISK S.A. is a Piraeus, Greece-based marine insurance brokerage founded in 1996 to service the Hellenic maritime industry. The firm operates as a partnership led by three managing partners — Leonard Louloudis, Costas Papadopoulos, and Spiros N. Apostolopoulos — together with technical and support staff, placing marine insurance for Greek shipowners, shipmanagers, and shipping banks. Its core offering covers Hull & Machinery, Increased Value, War & Strikes, Protection & Indemnity (P&I), Freight Demurrage & Defense (FD&D), Cargo, and Crew Personal Accident, with specialized lines including Mortgagee's Interest Insurance (MII) and Mortgagee's Additional Perils Insurance (MAPI) for shipping banks, plus Cyber, Aviation, Yacht, Shipyard, Port Authority, and Refund Guarantee insurance.

The firm's business model is commission-based insurance brokerage, generating revenue by arranging coverage with international insurance markets on behalf of clients. Pricing is negotiated per risk based on vessel type, coverage requirements, and market conditions rather than through disclosed standard tiers. Eurorisk places business directly with all 13 IGA P&I Clubs and works closely with Lloyd's accredited London-based brokers to access Lloyd's of London, alongside markets in France, Scandinavia, Germany, the USA, Italy, Greece, and Poland. Claims handling and consulting are provided in-house, with the firm emphasizing an "exceptionally expedient claims recovery record" as a primary differentiator.

The company is privately held with no institutional investment, no public listing, and no disclosed parent or holding company structure. Distribution is direct and relationship-driven, supported by participation in maritime industry events (Posidonia, Lloyd's gatherings, Hellenic Yacht Club events), a professional website, and a Facebook presence. Through a partnership with sister company NSA LTD, the firm extends its offering into personal lines for yacht owners and individual clients. There are no disclosed technology products, AI/ML capabilities, software platforms, or proprietary analytical tools — the business is fundamentally a traditional, expertise-led brokerage.

Name

EURORISK SA

Legal name

Eurorisk S.A.

Website

https://eurorisksa.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

EURORISK S.A. is a Piraeus-based marine insurance brokerage founded in 1996 that places Hull, P&I, War, MII, MAPI, and specialty marine covers for Greek shipowners, shipmanagers, and shipping banks via international insurance markets and P&I clubs.

Ownership category

akta.pro rank

Product category

Marine Insurance Brokerage

NAICS

Finance and Insurance (52), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro industry

PRIMARYFSAJAGAJ

Marine Specialty (Hull/P&I/Cargo)

Financial & Insurance/Insurance — Motor, Property & Casualty/Specialty & Excess/Surplus Lines (E&S)

SECONDARYFSAJAHAH

Protection & Indemnity (P&I) / Marine Liability Insurance

Financial & Insurance/Insurance — Motor, Property & Casualty/Marine & Aviation Insurance

SECONDARYFSAJAHAA

Ocean Marine Insurance (Hull, Cargo & Freight)

Financial & Insurance/Insurance — Motor, Property & Casualty/Marine & Aviation Insurance

Keywords

• Marine insurance brokerage
• Hull and machinery insurance
• Protection and indemnity
• Shipping insurance covers
• Mortgagee interest insurance

Headquarters

HQ city

Piraeus

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Broking Commissions: Eurorisk SA acts as an insurance broker arranging marine insurance coverage for shipowners, shipmanagers, and financial institutions. Revenue is generated through commissions from insurance placements with various P&I clubs and insurance markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Eurorisk S.A. is a marine insurance broker that arranges and services insurance covers for the Hellenic maritime industry, including Hull & Machinery, Increased Value, War & Strikes, Protection and Indemnity (P&I), Freight Demurrage & Defense, Cargo, and Crew Personal Accident policies for shipowners and shipmanagers. The firm also places specialized covers for shipping banks such as Mortgagee's Interest Insurance (MII), Mortgagee's Additional Perils Insurance (MAPI), and Refund Guarantee Insurance, and provides claims management services across Greek and international insurance markets including Lloyd's of London.

Product overview

EURORISK SA is an insurance broking and consulting company offering a comprehensive portfolio of marine and non-marine insurance products and services. The core offering centers on marine insurance covers including Vessel Hull and Machinery, Increased Value, War & Strikes Hull, Protection and Indemnity (P&I), Freight Demurrage & Defense (FD&D), Cargo Insurance, and Crew Personal Accident. Specialized offerings include Mortgagee's Interest Insurance (MII) and Mortgagee's Additional Perils Insurance (MAPI) for shipping banks, Cyber Insurance for the marine market, Yacht Insurance, Aviation Insurances, Shipyard Insurances, Port Authority Insurances, Refund Guarantee Insurance, and Kidnap and Ransom Coverage. Corporate services encompass Banker's Blanket Bond, Directors & Officers, and Errors & Omissions insurance. The company also provides Claims Management services and specialized covers such as Purchaser's Interest Insurance. Access to international insurance markets including Lloyd's of London and IGA P&I Clubs enables competitive placement of risks.

Differentiator

Problem solved

Functional benefit

Products and services

• Vessel Hull and Machinery Insurance
• Increased Value (IV) Insurance
• War and Strikes Hull Insurance
• Protection and Indemnity (P&I) Insurance
• Freight Demurrage and Defense (FD&D) Insurance
• Cargo Insurance
• Crew Personal Accident (CPA) Insurance
• Mortgagee's Interest Insurance (MII)
• Mortgagee's Additional Perils Insurance (MAPI)
• Port Risk Insurance (PRI)
• Cyber Insurance (Marine Market)
• Yacht Insurance
• Aviation Insurances
• Shipyard Insurances
• Port Authority Insurances
• Refund Guarantee Insurance
• Kidnap and Ransom Cover (K&R)
• Purchaser's Interest Insurance
• Banker's Blanket Bond (BBB)
• Directors and Officers (D&O) Insurance
• Errors and Omissions (E&O) Insurance
• Claims Management Services

Quantifiable outcome

• Exceptionally expedient claims recovery record over 20+ years of marine insurance business

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• HELMEPA (Hellenic Marine Environmental Protection Association)minorStrategic or Co-development PartnerEurorisk SA established the Nicolas S. Apostolopoulos Scholarship in cooperation with HELMEPA for the benefit of young candidates in Merchant Shipping and Marine Environmental studies.
• NSA LTDcoreOthersNSA LTD is a sister company that provides bespoke insurance solutions for yachts and small vessel owners. Eurorisk works with NSA LTD to provide personal lines insurance services including private and commercial dwellings, contractual & third party liabilities for individual clients.
• Lloyd's Accredited London-based BrokerscoreTechnology or IntegrationEurorisk works closely with Lloyd's accredited London-based brokers to place Marine Hull, Increased Value and War cover in the London market.
• IGA P&I Clubs (International Group Association)coreChannel Partner/ Reseller/ DistributorEurorisk directly liaises with all IGA P&I Clubs including American Steamship Owners, Skuld, Gard, Britannia, Japan P&I, London P&I, North of England, Shipowners Club, Standard Club, Steamship Mutual, Swedish Club, UK P&I, and West of England to enter clients for liability requirements.
• Non-IGA P&I ClubsminorChannel Partner/ Reseller/ DistributorPartnership with Non-IGA P&I Clubs including China Shipowners' Mutual, Noord Nederlandse P&I Club, Korean Shipowners' Mutual, and others for placing marine liability coverage.
• Commercial P&I and Insurance MarketsminorChannel Partner/ Reseller/ DistributorRelationships with commercial P&I and insurance markets including British Marine Luxembourg, Hanseatic P&I, Ingosstrakh, Markel International, Navigators P&I, Raets P&I, and others for specialized coverage placement.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Skuld: Skuld is another IGA P&I club that Eurorisk places clients with for P&I and marine liability cover. As a Norwegian-based marine mutual, it competes for the same shipping clients Eurorisk serves.
• NorthStandard: NorthStandard is one of the IGA-affiliated P&I clubs that Eurorisk directly places business with. As a leading mutual P&I insurer, it sits on the supply side of the same marine liability cover Eurorisk intermediates for clients.
• Howden Group: Howden (formerly Hyperion Insurance Group) is a specialty insurance group with a strong marine, energy and aviation broking practice. It is highly comparable as a specialty-focused broker competing for marine placements, though at much larger scale than Eurorisk.
• UK P&I Club (Thomas Miller): UK P&I Club is an IGA-affiliated P&I mutual that Eurorisk directly places business with. It is comparable as a marine liability insurer for shipowners, sitting at the placement destination for Eurorisk-arranged P&I covers.
• Gard: Gard is the world's largest P&I club and a member of the IGA that Eurorisk places business with. It is comparable as a provider of marine liability and related covers for shipowners, intersecting with Eurorisk's placement activity.
• Miller Insurance Services: Miller is a London-headquartered specialist insurance broker with a leading marine practice covering Hull, War, P&I and marine liability. It is comparable to Eurorisk as a marine-specialist broker, though typically serving larger London-based clients.

Broad incumbents

• Beazley: Beazley is a specialist Lloyd's insurer with marine and specialty lines including marine liability and cyber. It operates on the underwriting side of risks that Eurorisk brokers place, making it a relevant comparable for marine specialty underwriting expertise.
• Willis Towers Watson: WTW (formerly Willis) is a global insurance and risk advisory firm with marine capability; the Eurorisk founder himself was formerly a representative of Willis Corroon in Greece. It places the same marine product set as Eurorisk for international shipowners.
• Marsh McLennan: Marsh is one of the world's largest insurance brokers with a dedicated marine practice placing Hull, P&I, War and specialty covers for shipowners globally. It directly competes for large Greek shipping accounts that Eurorisk also serves.
• Aon: Aon plc is a global professional services firm with a substantial marine and specialty insurance broking practice. It competes for the same Greek shipowner and shipping-bank accounts as Eurorisk but operates at vastly greater scale and geographic breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/eurorisksa
• LinkedInlinkedin.com/company/eurorisk-sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 EURORISK SA