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Besso Insurance Group opens office in Brazil

Jun 30, 2014  |   Latest News

Besso Insurance Group, the independent top 20 Lloyd’s broker, has today announced that it has received the appropriate licenses to begin trading in its newly opened office in Brazil.

Besso will be providing a broad range of products including D&O, marine and specialist reinsurance products to its clients in Brazil, increasing the international reach that it clients benefit from.

Besso has recruited Frederico Casal-Ribeiro to head up the team based there. Frederico joins Besso from insurance broker, Dynamix Seguros, where he is both the founder and major partner. Frederico has worked across the world, and has held positions at MII Capital, AIG and Lagos Sports. Frederico also has a law degree and spent several years practising as a corporate and litigation lawyer.

Colin Bird, CEO and Chairman of Besso said:

“Brazil is currently going through a period of immense growth and development, and at this exciting time a multitude of opportunities continue to surface. We felt this was the perfect time to capitalise on such opportunities, especially when having a local presence will ensure that we provide our clients in South America with a much better service.

“We consider Rio de Janeiro to be the hub of reinsurance activity in Brazil, and we are looking forward to being part of it.

“Frederico, with his international experience and entrepreneurial skills will be invaluable to us as we seek, alongside local brokers, to grow our business in this region. There is a strong demand for the high quality service that Besso provides and Fredercio is the ideal candidate to lead the way.”