Expanding UK P&I Club manager Thomas Miller has struck a deal to buy the managing general agency and insurance services operations of Zeller Associates.
Zeller, which manages Hanseatic P&I, operates mainly in shipping, trade and transport, but also in other specialist areas such as the cruise and tourism industry.
It is made up of six distinct operational businesses covering a range of services from insurance underwriting and insurance management to claims handling, loss adjusting and expert investigations.
Headquartered in Hamburg, the operations employ 37 people.
No financial details were revealed.
Thomas Miller chairman Hugo Wynn Williams said: “The acquisition of these businesses’ specialist expertise across a broad range of marine transport related insurance services is an excellent and complementary addition to the Thomas Miller Group.”
Harald Zeller of Zeller Associates added: “We are delighted to be joining Thomas Miller at this exciting time in its development.
"We have common values and vision for the future with our businesses playing an important role in Thomas Millers future growth strategy.
Earlier this year, Thomas Miller wrapped up a deal to buy Navigators’ fixed-premium protection and indemnity business, and acquired marine surveyor Brookes Bell Group at the end of 2017.
