Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd.
Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in Kenya, Cote d’Ivoire, and now London.
The group, established 20 years ago, has grown to become the largest African-owned specialist reinsurance broker, providing niche reinsurance solutions to more than 100 insurance companies in more than 30 countries in Africa and the Middle East, the company said in a statement.
With the launch of the London office, the group’s panel of services will be extended to African insurance markets, providing them with more efficient access “to the sophisticated technical and financial capacity of the London reinsurance market,” the company added.
In addition to conventional classes and treaty business, the company provides solutions for specialty lines such as political risks, including political violence; financial lines; oil and energy risks; sports and other hazardous occupational risks.
The establishment of a London office will provide Reinsurance Solutions Group with a global platform to attract business from the worldwide markets.
In a speech at a launch event held at the London Capital Club on March 18, Reinsurance Solutions Group CEO Shiamdass Appannah, said: “We expect the group’s London office to be an African flagship in London, providing our clients with access to the global reinsurance markets.”
London office managing director, Nick Armitage, added: “We will uphold the group’s high professional standards in London and deliver the most comprehensive reinsurance solutions to our customers in Africa and the Middle East.”
Source: Reinsurance Solutions Group