Marine Alliance has strengthened its position in the marine insurance market by acquiring a majority stake in Speedwell, a London-based insurance broker specializing in Latin American marine insurance markets. This acquisition, reported on February 20, 2025, provides Marine Alliance with a strategic base in London and expands its reach into the Latin American sector.
These developments reflect a trend of consolidation in the marine insurance industry, as companies seek to broaden their services and geographic reach through strategic acquisitions.