Trust Broker

What Trust Broker does

Trust S.r.l., operating as Trust Broker and Trust Assicurazioni, is an independent Italian insurance brokerage firm headquartered in Milan at Via Washington 20. Founded in 2016, the company is supervised by IVASS and registered with the Registro Unico degli Intermediari (RUI) under number B000369010, operating under the AIBA code of ethics. The firm is led by Nicolò Porri and serves more than 500 companies while managing over 50,000 insurance policies across its client portfolio. Its service catalog spans 15 specialized lines, including traditional coverage such as Civil Liability, Property Risk Management, and Employee Health & Benefits, alongside emerging-risk areas like Cyber Risk, Climate Change and Sustainability, Environmental Risk, and Fine Art/Jewelry/Valuables coverage extending to cryptocurrencies and NFTs.

The company is built as a people-led consulting intermediary rather than a technology platform; there are no proprietary software products, applications, or APIs disclosed. Its core capability lies in risk analysis, custom program design, policy placement, and ongoing claims support. The firm has developed placement relationships with 28+ carriers, including AIG, Allianz, AXA, Chubb, Generali, Lloyd's, Zurich, and Unipol, providing both domestic Italian coverage and access to international markets through cross-border brokers. Specialized services extend to Private Equity and M&A transactions, Surety Bonds, Commercial Credit, and Affinity programs for professional associations.

Trust operates on a transaction-fee revenue model, earning commissions from insurance carriers for placing and managing policies on behalf of clients. Pricing is quote-based and tailored to each client's risk profile, with multi-year contract cadence. The go-to-market is sales-led and direct, with both field engagement for enterprise clients and inside sales handling mid-market inquiries via website forms and phone. The company does not report revenue publicly, has no outside funding, no subsidiaries, and no disclosed M&A activity; it appears to be independently owned.

Name

Trust Broker

Legal name

Trust S.r.l.

Website

https://trustbroker.it

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Trust Broker (Trust S.r.l.) is an IVASS-regulated Italian insurance brokerage in Milan serving more than 500 companies across 15 specialty lines, placing business with 28+ carriers and earning commission-based revenue through direct, sales-led consulting.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Surety Insurance (6351)

akta.pro primary industry

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

akta.pro secondary industry

Trade Credit Insurance Brokerage (FSAEADAL)

Keywords

• Insurance brokerage services
• Commercial risk management
• Corporate insurance advisory
• Cyber risk insurance
• M&A transaction insurance

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insurance brokerage commissions: Trust generates revenue through commissions from insurance companies for placing policies on behalf of clients. The firm acts as an intermediary between clients and insurance providers, earning fees for arranging coverage across multiple insurance lines including property, casualty, professional liability, cyber risk, and specialty lines.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Trust Broker is an Italian insurance brokerage firm that acts as an intermediary between corporate clients and insurance carriers, providing advisory, risk analysis, policy placement, and claims support across 15 specialized insurance lines including Property, Casualty, Cyber Risk, Environmental Risk, Professional Liability, and M&A transaction insurance. The company delivers tailored risk management strategies for mid-market and enterprise clients, leveraging access to 28+ leading insurers and international placement capabilities, and is supervised by IVASS under RUI registration B000369010.

Product overview

Trust is an insurance brokerage company offering a comprehensive portfolio of 15 specialized risk management and insurance services. The core offering consists of advisory and intermediary services for businesses and organizations seeking to identify, measure, manage, and transfer risk through insurance. Services range from traditional lines like Civil Liability, Property Risk Management, and Casualty to specialized offerings including Cyber Risk, Environmental Risk, Climate Change and Sustainability, and Fine Art coverage. The company also provides Employee Health & Benefits consulting, Commercial Credit insurance, International Placement services, and Private Equity/M&A advisory. Trust operates as an insurance intermediary (broker), not as a software product or technology platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Affinity Insurance Programs Insurance programs designed for professional associations, affinity groups, and members of trade organizations, providing tailored coverage to meet specific member needs and add value to association membership.

Quantifiable outcome

• Manage over 50,000 insurance policies for 500+ companies

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

28 partnerships are on record, tiered core and minor.

• AFI ESCAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• AIG Europe LimitedcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Allianz SpAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• ARAG SEcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• AXAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Chubb European Group LimitedcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• CofacecoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Dual Italia SpAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Europ Assistance Italia SpAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Generali Italia S.p.A.coreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Groupama AssicurazionicoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• HDI Global SEcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• HDI Global Specialty SEcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• I.S. & B. SrlminorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• ITAS MutuacoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Liberty Specialty Services LimcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Lloyd's - Rappr. Gen. ItaliacoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• MetLife Europe D.A.CcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• MithrasminorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Reale MutuacoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Revo Underwriting SrlminorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• SIAT AssicurazionicoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Sompo InternationalcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• UCAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Unipol Assicurazioni SpAcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• UniSalutecoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• XL Insurance Company SEcoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.
• Zurich Insurance PlccoreChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for Trust's client base.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Marsh Italy (Marsh SpA): Marsh is one of the world's largest insurance brokers and risk advisors with a substantial Italian operation. It competes with Trust for mid-market and enterprise commercial insurance placement across property, casualty, cyber, and specialty lines in Italy.
• Aon Italy (Aon S.p.A.): Aon is a global insurance brokerage and advisory firm with full-service Italian operations covering risk management, reinsurance, and commercial insurance placement — directly overlapping with Trust's enterprise and mid-market service portfolio.
• Willis Towers Watson Italy: WTW operates a global insurance brokerage and risk advisory practice with Italian presence. It competes for the same enterprise risk management, cyber, and professional liability mandates that Trust targets.
• Howden Italy: Howden is a fast-growing global insurance broker with an Italian operation focused on specialty and commercial lines. It directly contests Trust in cyber, professional liability, and mid-market enterprise placements.

Direct peers

• Mediass S.p.A. Mediass is an Italian insurance broker serving mid-market and corporate clients across property, casualty, and specialty lines. It competes directly with Trust for the same Italian enterprise and mid-market policy placements.
• Assiteca S.p.A. Assiteca is one of Italy's largest independent insurance brokerages, offering commercial, specialty, and affinity insurance programs to mid-market and enterprise clients — directly comparable to Trust's positioning, scale segment, and product breadth.
• Galeazzi & Associati: Galeazzi & Associati is an Italian insurance brokerage specializing in corporate, professional liability, and specialty risk advisory. Its mid-market enterprise focus and service-line breadth mirror Trust's positioning.
• GBS Brokers (GBS S.p.A.): GBS Brokers is an Italian insurance brokerage providing commercial, affinity, and corporate insurance programs. It overlaps with Trust on multi-line advisory, association/affinity programs, and enterprise client coverage.
• Ciaccio Brokers: Ciaccio Brokers is an independent Italian insurance brokerage providing commercial insurance advisory and placement services. It is a comparable small-to-mid-sized domestic peer with similar multi-line service offerings.
• B-Forty (B40 S.r.l.): B-Forty is an Italian insurance brokerage focused on commercial and corporate clients with multi-line advisory and claims management services. It competes head-to-head with Trust in the Italian mid-market segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/trust-assicurazioni

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Trust Broker