Hanseatic, who are based in Hamburg, are an underwriting agency that provides shipowners and charterers with P&I and FD&D cover for limits of up to USD 500 million and USD 2 million respectively.

The coverholder is managed by Zeller Associates Management Services GmbH. Primary layer security is provided by Lloyd’s syndicates for policy limits of up to USD 50 million, with security for policy limits in excess of this provided by Lloyd’s syndicates and insurers.

Hanseatic has a strong presence in Germany and Northern Europe, with 66% of tonnage originating from European domiciled owners and 77% of the portfolio emanating from general cargo, dry bulk and container vessels.

Annual premium income and tonnage has remained stable in 2017 despite a 26% increase in the number of vessels insured.

In September 2018 Zeller Associates announced they had been acquired by Thomas Miller Speciality Group.