Lonmar Global Risks was officially launched at the end of last week, as a new and independent broker operating globally from its London base.
The company formerly traded as SBJ Global Risks. Its re-branding as Lonmar Global Risks is “focused on aligning its strong identity with the London insurance market and also its global presence.”
The Company said it will offer “tailored insurance and reinsurance risk solutions to clients in more than 70 countries,” and will handle “annual premiums of over $400 million.”
Chief Executive Simon Rice explained the importance of the new identity to the development of its business. “Since the completion of our management buyout from AXA six months ago, we have been successful in moving the business forward in this highly competitive market,” he stated. “We believe that our independence is an important factor in this continued development and by rebranding the company as Lonmar Global Risks we are underlining this virtue. Whilst our name has changed, our commitment and passion for the business is stronger than ever.”
The bulletin added that the management buy-out was completed in August 2009 and since then Lonmar “has operated as a fully independent employee-owned company with a team of 160 experienced and specialist personnel.’
Source: Lonmar Global Risks – www.lonmar.com
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