Starr, the New York City based insurance group, announced the opening of a new office in Hamburg, marking the further expansion of Starr’s presence in Germany and representing an important milestone in the company’s European growth strategy.
The new office is located at Neuer Wall 10, right at the heart of Hamburg’s business district. The new location strengthens Starr’s proximity to clients and broker partners across Northern Germany.
“The opening of our Hamburg office marks a significant milestone for Starr in Germany,” said Tobias Braun, country manager Germany. “Hamburg is one of the most important business hubs in Germany and a leading insurance center. With this new branch, we are deepening our relationships with local and international clients and partners, creating a strong platform for growth. At the same time, Hamburg offers us excellent opportunities to attract new talent to Starr and to grow our team.”
Starr Europe Insurance Ltd. is already present in Germany with a branch office in Munich and continues to build its national network with the addition of the office in Hamburg.
Address of new Hamburg office:
Starr Europe Insurance Ltd. – Branch for Germany
Neuer Wall 10
20354 Hamburg
Germany
Germany Headquarters:
Hopfenstr. 8
80335 Munich
Germany
About Starr
The global re/insurer Starr Insurance Companies offers a broad portfolio of specialty and industrial products. Starr operates via a global network in more than 100 countries and regions, combining international expertise with local teams.
During first-quarter 2026 there were 148 insurance agency deals, which was the lowest total for the time period since 2016, said OPTIS Partners’ M&A database.
“The industry has ridden down a three-year slide in deal volume, which we believe is beginning to bottom out to about 650 deals per year,” said Steve Germundson, a partner of the firm. Insurance agency M&A finished at 695 deals in 2025, down 12% from 2024.
Looking ahead, the tally of about 30 active private-equity-backed brokers, as well as private and public buyers, continues to fuel demand for the 25,000 to 30,000 agencies nationally–a majority of which are “very small and will have to be sold eventually,” said OPTIS managing partner Tim Cunningham.
“We are seeing an emerging group of new ventures backed by private-equity and family-office capital pursuing this group because of the large supply of future sellers, enhancements in technology, and long-term changes in the way insurance at the smaller end will be sold and serviced,” Cunningham added. OPTIS also said somewhat larger firms will be attractive to buyers, partly due to a “perceived scarcity factor” and improvements the businesses have made.
Of the 55 unique buyers identified in the first quarter, 29 were private equity and four announced their first deal. PE-backed buyers accounted for 72% of announced transactions during Q1. Private companies had 19 deals, with five first-timers. OPTIS also keeps track of publicly held brokers and all others.