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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.”
Notes to editors
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Besso
Besso is owned by The Ardonagh Group, the largest independent insurance broker in the UK.
Ardonagh Specialty
Ardonagh Specialty is the holding company and growth platform for leading independent brokers Besso Insurance, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq Risk Partners and Price Forbes. Combined, we have 1400 colleagues globally and manage $7 billion in gross written premium.
With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition.
The Ardonagh Group
The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of more than 100 locations and a combined workforce of more than 9,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs. For more information, visit our website: www.ardonagh.com.