Italy’s Cambiaso Risso Group has acquired German boutique and special risks insurer Trident Specialist Risks Versicherungsmakler.

The Genoa-based marine insurer will purchase 100% of Hamburg-based Trident for an undisclosed price.

Its move into the German market is part of the Italian company’s plan to expand into new markets and geographies.

Trident was founded by Leo Kissel in 2011 as a special risk and marine hull insurance broking house.