SABSEG ADELL

What SABSEG ADELL does

SABSEG ADELL (legal entity: GUILLERMO ADELL CORREDURÍA DE SEGUROS, S.L., CIF B-63.344.956) is a Spanish independent insurance brokerage specializing exclusively in the nautical/maritime sector, operating under DGSFP administrative authorization J-2345. Founded as an independent correduría de seguros with extensive experience in the insurance market, the company became a wholly-owned subsidiary of SABSEG Group in 2023 and now operates from offices in Barcelona (Travessera de Gràcia, 11) and Madrid (Calle Hermosilla, 28). It is led by founder Guillermo Adell as Partner.

The company offers five core insurance products: (1) insurance for boats, yachts, and megayachts covering own damage, civil liability, and personal accidents; (2) Protection and Indemnity (P&I) coverage up to $500M USD through international P&I clubs; (3) insurance for ports, boatyards, shipyards, and workshops; (4) Maritime Civil Liability (RC Marítima); and (5) specialized crew insurance including healthcare, repatriation, and disability/death compensation. As an independent broker, Adell represents client interests rather than insurer interests, working with first-class Spanish and international insurers. Distribution is primarily direct (face-to-face and telephone advisory) through its two offices, with a recently launched online self-service channel for RC Náutica and access to SABSEG Group's distribution network of 18 offices and 1,314+ agents.

Revenue is generated entirely through commissions on intermediated insurance premiums, with policy pricing determined by individual risk assessment and billed annually. The company does not publicly disclose entity-level revenue, headcount, or customer counts. The value proposition rests on technical specialization in maritime legislation, year-round claims accompaniment, and high client fidelization.

Name

SABSEG ADELL

Legal name

GUILLERMO ADELL CORREDURÍA DE SEGUROS, S.L.

Website

https://segurosadell.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

SABSEG ADELL is a Spanish independent insurance brokerage specializing in nautical and maritime insurance (yachts, megayachts, P&I, ports, shipyards, maritime liability, crew). It serves vessel owners, maritime operators, ports, and professionals from offices in Barcelona and Madrid, operating as a subsidiary of SABSEG Group since 2023.

Ownership category

akta.pro rank

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commission: ADELL Correduría de Seguros is remunerated through commissions received from insurance companies. The commission amount is included in the insurance premium. As an insurance broker, they act on behalf of clients to find the best insurance solutions, not on behalf of insurance companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

SABSEG ADELL is an independent insurance brokerage specializing exclusively in the nautical branch. It analyzes client insurance needs, contracts policies with first-class insurers on the client's behalf, and provides year-round claims management and accompaniment. The portfolio covers boats, yachts, and megayachts; P&I; ports, boatyards, shipyards and workshops; maritime civil liability; and crew insurance.

Product overview

SABSEG ADELL (Guillermo Adell Correduría de Seguros, S.L.) is a specialized nautical insurance brokerage operating as part of the SABSEG Group since 2023. The company offers a focused portfolio of five core insurance products specifically designed for the maritime sector: insurance for boats, yachts, and megayachts; P&I (Protection and Indemnity) coverage; ports, boatyards, and shipyards insurance; Maritime Civil Liability (RC Marítima); and crew insurance. These products are designed to provide comprehensive protection for vessel owners, maritime operators, ports, and marine professionals, with services ranging from policy analysis and contracting to claims management. The company differentiates itself through technical specialization in the nautical branch, independent advisory services, and claims handling support.

Differentiator

Problem solved

Functional benefit

Brands

• Nautical Insurance Products: Specialized insurance products for the nautical sector including boats, yachts, megayachts, ports, shipyards, and maritime liability coverage.

Products and services

• Insurance for boats, yachts, and megayachts (Seguros para embarcaciones, yates y megayates) Specialized insurance coverage for boats, yachts, and megayachts offering protection against own damage, restricted damage coverage, civil liability, and personal accident coverage, with customized terms and conditions for vessel owners.
• P&I (Protection and Indemnity) Civil liability protection for shipowners and vessel operators covering risks up to $500,000,000 USD, including pollution protection and worldwide legal assistance through international P&I clubs.
• Insurance for ports, boatyards, shipyards, and workshops (Puertos, varaderos, astilleros y talleres) Comprehensive protection for maritime facilities and operations including ports, boatyards, and shipyards, covering asset losses, extended civil liability, goods handling, and integral risk management.
• Maritime Civil Liability (RC Marítima) Essential civil liability coverage for professionals and companies in the maritime sector including third-party liability, responsibility for errors or omissions, port facilities coverage, and accidental pollution coverage.
• Crew Insurance (Seguros para tripulaciones) Specialized coverage for the comprehensive protection of crews on board yachts and megayachts, including healthcare assistance, repatriation, and compensation in case of disability or death.

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

One partnership is on record.

• SABSEG GroupcoreStrategic or Co-development Partner · 1 January 2023In 2023, ADELL Correduría de Seguros became part of SABSEG Group, a leading insurance brokerage in Iberia. This integration reinforces ADELL's capacity to maintain its commitment to clients while benefiting from Sabseg's resources, international reach, and operational support.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Willis Towers Watson (WTW): Global advisory and brokerage firm with a Marine, Aviation and Transport (MAT) practice. Comparable to ADELL as a broker placing marine liability, P&I, and vessel coverage for corporate clients.
• Lockton: Largest privately held insurance broker worldwide with marine specialty capabilities. Comparable to ADELL in business model (independent broker serving complex marine risks) though much larger in scale and geographic reach.
• Aon: Global insurance and reinsurance broker with dedicated Marine specialty. Directly comparable to ADELL as a marine insurance intermediary serving yacht owners, ports, and maritime operators worldwide.
• Marsh: Global insurance broker with a large Marine practice serving yacht, port, and shipping clients. Comparable to ADELL as a competing broker for marine insurance placements, though with vastly broader geographic reach and product set.

Regional players

• SABSEG Group: ADELL's parent group and Iberia-leading insurance brokerage conglomerate. Comparable as the platform through which ADELL's nautical products are distributed across 18 offices and 1,314+ agents.
• Ibercover / RACC Club (marine lines): Iberian insurance distribution channels serving recreational boating and nautical clients. Comparable to ADELL as a regional competitor in the Spanish nautical insurance market.

Direct peers

• Besso Insurance Group: Specialist Lloyd's broker focused on marine and specialty risks. Closely comparable to ADELL in its marine specialty focus and independent advisory model, though operating primarily out of London rather than Iberia.
• Miller Insurance Services: Independent specialist broker with significant marine practice at Lloyd's. Comparable to ADELL as a marine-focused independent broker placing yacht, marine liability, and P&I risks for clients.
• Howden Group: Specialty insurance broker with a strong Marine & Energy practice. Closely comparable to ADELL as a marine-focused intermediary that places yacht, port, and P&I business, though operating globally rather than only in Iberia.
• Gillespie & Partners: Independent specialist insurance broker for superyachts and marine trades. Closely comparable to ADELL as a niche broker focused specifically on yacht/megayacht insurance placement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/guillermo-adell-corredur%C3%ADa-de-seguros

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 SABSEG ADELL