Brokerslink, the Zug, Switzerland-based insurance broker, has announced the completion of a private stock offering, creating a broad shareholder base and investment to support the continued growth of its global insurance broking and risk business.
Brokerslink said it now has a base of 55 shareholders from 40 countries, which have raised the capital needed to support the continued expansion of its client support capabilities. The capital increase follows Brokerslink’s incorporation as a for-profit global broking company last year which was initially capitalized by MDS, Crystal & Company, Filhet-Allard, Nova and Cooper Gay Swett & Crawford (now Ed Broking).
“The completion of this investment process has created a unique and powerful collaboration. We have restructured, invested in the technology and resources to foster growth backed by a strong management and delivery team,” said Brokerslink CEO José Manuel Fonseca, who spoke at the Brokerslink global conference in Amsterdam this week.
“The creation of a diverse shareholder base will now enable us to focus on winning business and demonstrating our unique capabilities and strengths to the global insurance market and clients,” he added.
“For a number of new shareholders, this is the first time they have made such an investment. This reflects our aim to not only enable the individual firms to access global business opportunities but also our desire to support their development and maintain their independence through active involvement in the growth of Brokerslink.”
The Brokerslink global conference on Oct. 20-21 brings together independent broking delegates from over 95 countries, which manage combined annual premiums and consulting fees of more than $20 billion, the company said.
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