M&A Deal Summary

SIACI Saint Honoré Acquires Cambiaso Risso Marine

On July 9, 2019, SIACI Saint Honoré acquired insurance company Cambiaso Risso Marine

Acquisition Highlights

This is SIACI Saint Honoré’s 1st transaction in the Insurance sector.
This is SIACI Saint Honoré’s 1st transaction in Italy.

M&A Deal Summary
Date	2019-07-09
Target	Cambiaso Risso Marine
Sector	Insurance
Buyer(s)	SIACI Saint Honoré
Deal Type	Add-on Acquisition

Target

Cambiaso Risso Marine

Genoa, Italy

Cambiaso Risso Marine S.p.A. Insurance broking and consulting provider in hull & machinery, shipyards and yacht fields, worldwide steamship and yacht agency, the Group today provides a wide range of maritime services within the shipping industry through its headquarters and branch offices worldwide. Cambiaso Risso Marine S.p.A. operates from 16 offices with 240 employees of 18 different nationalities. In 2018, total premiums written amounted to 360 million euros with 24 million euros in brokerage turnover (commission). CAMBIASO RISSO's shipping agency business recorded turnover of €6 million with 2,250 ports worldwide.

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