Senior managers of Italian marine insurance broker Cambiaso Risso Group are getting ready to pass the baton to the next generation.

But before they do, 63-year-old managing director Mauro Iguera and chairman Marco Risso, 71, want to diversify the Genoa-headquartered company into new areas and geographies.

Iguera and Risso both have family members who are being groomed for senior roles in the company, which is best known for its involvement in the hull and machinery sector.