Global broking business Brokerslink has added three new affiliates to its international network, appointing firms in Guatemala, El Salvador and the Maldives as it pushes further into high-growth and underinsured markets.
The new members are Somit Corredores de Seguros in Guatemala, RAS (Reunión Aseguradora Salvadoreña) in El Salvador, and Trust Edge Risk Solutions in the Maldives.
Together, they extend Brokerslink's capabilities across retail, specialist and corporate insurance markets, and carry clear implications for UK and London market insurers seeking distribution into emerging geographies.
The appointments come at a time of considerable strength for the London market.
Lloyd's closed 2025 with gross written premiums of £57.9 billion, up 4.2% on the prior year, producing a profit before tax of £10.6 billion and a combined ratio of 87.6%. The market has forecast gross written premiums of £64 billion for 2026, targeting growth in sectors and classes where rate adequacy remains strongest.
Deepening access to fast-growing but underpenetrated markets through trusted independent network partners is one of the most practical routes to achieving that ambition. Lloyd's already extends its global reach through a coverholder and binding authority model, allowing syndicates to access specialist local expertise without needing a physical presence in every market.
The two Central American appointments arrive as the region demonstrated considerable insurance momentum. Over the past decade, the Latin American insurance market has expanded by 53% in net written premiums, with Guatemala recording a 107% increase in premium volume.
Despite this momentum, the region remains meaningfully underinsured. The Latin American insurance protection gap was estimated at $315.9 billion in 2024, an increase of 4.2% on the prior year.
In Guatemala, Somit Corredores de Seguros brings more than 50 years of regional experience to the Brokerslink network. Led by chief executive Pedro Cupersmith, the firm operates across construction, manufacturing, food, retail, technology and risk analysis.
RAS, on the other hand, adds corporate and personal insurance solutions in El Salvador spanning property and casualty, life, cargo and aviation risks. The company is represented by president Alberto Fortún.
Lloyd's has previously identified Latin America and the Caribbean as offering "plentiful opportunities for underwriters and brokers with specialist expertise and an appetite for risk," with infrastructure investment highlighted as a particular growth driver.
The third appointment takes Brokerslink further into Asia with Trust Edge Risk Solutions, led by chief executive Aishath Wafa. The firm brings specialist expertise in hospitality, marine and construction, a risk profile that maps directly onto some of the London market's deepest centres of underwriting expertise.
Tourism accounts for nearly 30% of the Maldives' GDP, with related sectors pushing that figure to approximately 60%, creating a concentration of high-value, complex risks that typically require the kind of specialist capacity available through London.
The Maldives hospitality market was valued at $2.87 billion in 2025 and is forecast to reach $4.78 billion by 2031, supported by record tourist arrivals of over 2.24 million in 2025, nearly 10% higher than the prior year. The country's insurance sector, whilst still compact, is growing quickly. The market generated gross written premiums of approximately $107 million in 2023 and is forecast to grow at a CAGR of more than 13% through to 2028.
Years of consolidation have left the London market dominated by publicly traded and private equity-backed brokers, prompting calls for independent firms to secure greater direct representation in the City. Established global networks connecting independent brokers across emerging and frontier markets offer a practical counterweight to that dynamic.
Carla Alves, marketing and operations director at Brokerslink, said the additions reflect the organisation's strategy of combining geographic reach with deep local knowledge.
"These new additions reflect the continued growth and diversification of the Brokerslink network across international markets. Each firm brings strong local expertise, specialist knowledge and a client-focused approach that aligns closely with Brokerslink's collaborative model," said Alves. "They further strengthen our ability to support clients with increasingly complex and international risks, while continuing to expand the depth and breadth of expertise available across our global network."
