Financial advisory organisation Yellow Hive will acquire the insurance portfolio of Dutch insurance company INTRAMAR from 1 October 2023. This involves highly specialised insurance solutions for the international offshore oil, gas and wind energy sector.
The acquisition offers the fast-growing Yellow Hive a unique fulfilment of its ambition to be a top player in diverse niche markets, such as the offshore oil, gas and wind energy sector, transport & logistics, mobility and media & events. In addition to the acquisition of INTRAMAR, Yellow Hive acquired other successful niche players earlier this year, including Maesstad, De Kilometerverzekering.nl and No Risk.
Specialist in energy, at sea and on land
INTRAMAR (Den Helder) has been active in insurances for onshore and offshore energy companies and maritime agencies for 30 years. Due to the complexity of the sector and the specific risks involved, it is necessary to provide tailor-made insurances for each project and client that seamlessly matches their specific needs. This requires highly specialised expertise and insurance solutions. INTRAMAR’s insurance portfolio includes cover for liability, material, equipment, marine, transport, accident and self-employed risks.
According to Nico de Wit, director of INTRAMAR, the step is taken due to the absence of natural succession. He found in Yellow Hive a partner with equal vision on the procurement side of the insurance market. Moreover, Yellow Hive has all the necessary facilities to fully focus on the specialism in which INTRAMAR has been successful for almost 30 years. Or in his words: continuity with added value.
About Yellow Hive
Yellow Hive – The Insurance Company – has developed through independent growth, collaborations and targeted acquisitions. Since 2011, more than 100 private and business customers throughout the Netherlands have chosen one of Yellow Hive’s brands. The company has over 500 employees working from 20 branches.