GrECo Marine Launches in Poreč: New Specialist Team for Yacht and Marine Risks

On the island of Sv. Nikola in Poreč, in front of more than 150 guests including partners, insurers, and clients GrECo officially unveiled GrECo Marine. This new specialized marine unit within GrECo Specialty focuses on yacht (pleasure craft) insurance and complex marine risks across Europe.

The launch event, themed 'Set Sail', marked a major milestone in the Group’s specialization strategy. It also signaled a clear shift in how GrECo approaches marine insurance moving away from traditional presentations and formal frameworks to focus entirely on market dynamics, strategic partnerships, and concrete client solutions.

GrECo Marine operates as a Managing General Agent (MGA) and Marine Specialty branch of GrECo Specialty GmbH. Its core mission is developing tailor-made insurance solutions for yachts and pleasure craft, as well as ports, freight handlers, cargo ships, and other complex marine risks.

For yacht owners, charter operators, and the broader nautical industry, this translates to accessing solutions molded around real-world sailing conditions. Key benefits include flexible coverage and rapid quote generation across multiple markets, particularly for cross-border and non-standard risks.

GrECo Marine has already forged strong partnerships with leading insurers in Croatia and the wider region. Concurrently, it is expanding its capacities into European markets such as Italy, Greece, Malta, and the Baltics. The unit is also in the process of securing status as an authorized Lloyd’s coverholder with its own binding authority. Furthermore, dedicated GrECo Marine wordings for recreational vessels (yachts and private boats) are being developed to further strengthen the specialist offering for vessel owners and operators.

Beyond standard marine programs, GrECo Marine already offers a suite of specialized solutions tailored to the nautical market, including:

• Charter skipper insurance (including TPL and charter deposit solutions)
• Coverage for regattas and racing vessels
• Tailor-made insurance for yachts in international waters (including the Caribbean)
• Solutions for mariners, crew, and experts in the yachting and shipping industries
• Commercial maritime programs ranging from single vessels to entire fleets

'GrECo Marine is not designed to be just another line of business; it is a specialist platform that truly understands the complexity of marine risks and how the market operates in practice,' said Marijan Dželalija, General Manager of GrECo Marine Specialty. 'Our goal is to set a higher benchmark connecting clients with the right capacities, structuring coverage swiftly and precisely, and ensuring that our solutions truly align with how people sail and do business at sea today.'

GrECo Specialty is part of the GrECo Group, the leading insurance broker in the CEE/SEE region. Through a network of wholly-owned local subsidiaries, the Group ensures a powerful local market presence combined with direct access to international insurance and reinsurance capacities.

Within the Group, GrECo Specialty focuses exclusively on high-risk, complex industries. As a Lloyd’s Europe Market Gateway broker, it holds the capability to place EEA business directly into the Lloyd’s Europe market for complex and non-standard risks a crucial advantage for marine clients with high-asset values and specific exposures.

GrECo Specialty is further cementing its position as a specialized broker through its Croatian branch, GrECo Marine in Poreč. Operating as a Marine Specialty Branch (MGA), it targets bespoke insurance solutions for pleasure yachts, ports, freight handlers, cargo vessels, and other niche maritime risks.

GrECo is the leading independent risk management advisor and insurance/reinsurance broker in Central, Eastern, and Southeastern Europe, boasting over a century of expertise. The GrECo Group places approximately €1.8 billion in insurance and reinsurance premiums annually, servicing more than 15,000 clients across 92 countries in diverse sectors, including aviation, transport, logistics, and public infrastructure. The Group employs around 1,500 insurance professionals operating out of 73 offices across 21 countries in the CEE/SEE region.