MDS Holdings Launches HERCO Portugal

March 8, 2011

MDS Holdings, the fast growing Iberian and Latin American insurance broking group, has launched HERCO Portugal as part of its initiative to expand its international risk management practice.

HERCO was first established in Brazil over 30 years ago. MDS said it “is now recognized as a Latin American leader in risk analysis, loss control and risk management program implementation.

“It’s new Porto based Portuguese practice will bring the systems developed in Brazil to the local market. As well as working with clients of its parent company, MDS, the team of three qualified engineers and support staff aims to win major clients from the wider insurance and risk management markets.

“Once established in Portugal, HERCO plans to continue its internationalization by launching practices in Spain and Angola.”

Tiago Mora, Executive Director at HERCO commented: “We are delighted to have launched a HERCO risk management practice in Portugal as the first step of our expansion plans. Our ambition is now to be recognized internationally as a company built on the highest levels of technical capability, cutting edge technology and excellent customer service.

Source: MDS Holdings

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