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Lloyd’s broker RFIB steps into US market

Lloyd’s broker RFIB steps into US market

Lloyd’s broker RFIB steps into US market
RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, has announced the launch of RFIB Americas.  This is the first major new initiative since it recapitalised with its new partner, Calera Capital, last year. 

RFIB Americas will oversee the development of existing subsidiaries RFIB (Bermuda) and US-based Gracechurch Intermediaries, offering specialist products for reinsurance clients in the United States, Bermuda and Canada.  RFIB Americas will be led by Nick Foden-Pattinson as CEO with Jeremy Brasier as MD of Bermuda and Simon Hudson as MD of reinsurance at Gracechurch.

Foden-Pattinson who has been at RFIB for eight years brings more than three decades of experience to his new role.  Brasier has been at RFIB Bermuda for six years and is charged with further developing its growing Bermuda presence. Hudson recently joined from Holborn Corporation where as senior vice president he was responsible for several successful capital raising initiatives for a series of start-up insurance operations.  Prior to this, as a managing director at Guy Carpenter, he was a production broker and team leader for property cat, retro and medical malpractice treaty business.

Dennis Mahoney CEO of RFIB said: “We have identified a segment of the United States reinsurance market which is currently underserved due to recent market realignments and dislocation.  With the backing of our partners Calera Capital, we have a clear strategy and the requisite resources to swiftly develop our presence in these territories.  The launch of RFIB Americas represents a key pillar in our growth strategy and a significant milestone in the history of our Group.”

Foden-Pattinson said: “I am delighted to be given the opportunity to lead this important new initiative and welcome the support of Jeremy and Simon. We have identified significant scope for expansion and there is a clear demand for a truly independent brokerage to offer a more client-driven alternative.”