Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance and risk consulting services through its subsidiaries, announced the opening of a London insurance branch following the receipt, by its subsidiary Quanta Europe Ltd, of approval from the Financial Services Authority (FSA).
“This newly established branch office will enable Quanta Europe to access the London market through both wholesale and retail producers,” said the announcement. “The branch office will underwrite specialty insurance products with the initial focus being on Environmental liability, Professional liability, Financial Institutions and Trade & Political risks. The branch office, which will be complementary to Quanta Europe’s existing operation in Dublin, is currently staffed by a team of four underwriters. Quanta Europe intends to add additional underwriters in both the European headquarters in Dublin and the newly established London Branch.”
Chairman and CEO Tobey Russ commented: “The establishment by Quanta Europe of its London branch further expands our capabilities in both the London and wider European markets and contributes to the execution of Quanta’s European specialty lines strategy.”
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