Hanseatic is an underwriting agency that provides shipowners and charterers with P&I and FD&D cover for limits 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 up to USD 50 million, with security for policy limits in excess of this provided by Lloyd’s syndicates and insurers.

Hanseatic, based in Hamburg, has a strong presence in Germany and Northern Europe, with 69% of tonnage originating from European domiciled owners.

Annual premium income has increased in 2016 by just under 2% and largely associated to a growth in tonnage in Southern Europe and South America.