Brief History
SIAT was founded in 1967 as a joint venture between a top Italian industrial group through their insurance company SAI and a number of leading Italian shipowners operating in different areas of the shipping industry.
In 1969 the company started the Foreign Agencies operation by writing marine insurance via various agents located in other European countries, namely Belgium, France, Germany, Norway and the Netherlands.
The intention was to create a specialized marine underwriter who could assist the marine industry in the different areas and aspects of their activity.
The company quickly developed its leading role in the Italian market and gradually expanded its presence abroad, with special focus on the Mediterranean region.
A meaningful presence within the Italian shipping world was maintained throughout the years with some leading shipowners also being shareholders of the company and members of the board of directors. This emphasized the persistent close relationship of SIAT to the shipping community, which represented the core of its business.
In order to offer a more complete service to its clients and brokers, SIAT decided to start writing non-marine business and was licensed in 1987 to operate in all the main areas of activity.
Today
SIAT is the first Italian company entirely committed to marine insurance.
The only company to have dedicated offices offering a streamline, fast and specialized service.
SIAT invests in technology and plays an important role in the market offering innovative and digital solutions especially for Cargo and Pleasure Craft business.
Primary industrial and commercial groups dealing with raw materials, semi-processed or finished products and transported by sea, air, truck, rail to and from different parts of the world, are insured by SIAT every day.
Siat is focused on developping the Cargo sector thanks to its internal expertise offering a professional service in underwriting, claims management, sales and technology.
As far as Hull Underwriting is concernced, SIAT also offers an important service to shipowners and maritime operators, regarded as a landmark not only for the domestic market.
Thanks to belonging to a large Group, SIAT is today a solid Genoese reality projected into the Italian and international market.
SIAT is part of the Unipol Group.
