Marine and aviation related insurance broking services with over 100 years of combined experience.
We co-operate with all marine insurance companies in the world, mostly on direct basis. This way, we perceive the way underwriters think, understand their philosophy and establish closer business relationships.
The limited local marine underwriting capacity leads us to be impartial in our choice of underwriters that constitute a marine insurance contract. Irrespective of the nationality of the participating underwriters our focus is not only on price but also on quality.
Our team has an aggregate claims experience exceeding 100 years. We are proud to say that our service ranks amongst the best in our industry operating under totally transparent criteria. We place business directly with all the International Group P&I clubs as well as the fixed markets.
We are proud to be working with all marine insurance companies worldwide. Our criteria of choice are dependent not only on international agencies' acceptable ratings, but also on our experience and knowledge of the market.
Compliance with all local and international requirements through absolute transparency.
Who we are...
From the smallest pleasure craft to the largest enterprise, our motto is to provide the best service available.
The company was founded in 1962 by Panos Caramanos, an insurance veteran at the time, coming from Egypt where he was the managing director of the French Insurance Company, UAP’s, Port Said branch. Trading under the name P.P. Caramanos Co. Ltd. brokerage activities initially focused on the non-marine sector but very quickly expanded into the fast growing shipping market.
In 2005, the company was acquired by the country’s largest insurer, The Ethniki Insurance Company, a subsidiary of the National Bank of Greece; Greece’s oldest and largest Banking Group. It was then renamed ‘National Insurance Brokers S.A.’. In 2017 the entire share capital of NIB was acquired by its Key Management Personnel, together with Altius Insurance with a 35% holding of shares. Also in 2017 Fortius Risk Solutions is created,
dealing with non-domestic business. All transactions are carried out in absolute transparency and in strict compliance with the highest standards of practice. Both NIB and FRS are fully audited by internationally accepted professional auditors. We are fully registered and regulated by the Financial Conduct Authority (FCA) of the United Kingdom as well as other EU regulatory authorities.