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New Dawn Risk launches UK division

New Dawn Risk launches UK division | Insurance Business

New Dawn Risk launches UK division

Currently, international specialist insurance intermediary New Dawn Risk derives about 95% of its business from outside the United Kingdom. However, that may be about to change.

In a move it says comes on the back of a demand for alternatives to “big brokers”, the company has today announced the launch of a new division focused on the UK market. The company, which was established in 2008, is set to provide liability and specialty solutions for insurance buyers, while also partnering with UK regional brokers that are looking for a bespoke and specialist service.

“At the moment in the UK market there is clear demand for an alternative to the larger broking houses and our new division will bring New Dawn’s independent, high-touch and tailored approach to the UK for the first time,” said Max Carter, CEO of New Dawn Risk.

“Many businesses that need insurance are suffering the effects of a difficult and uncertain trading environment, while broker consolidation and soaring rates in some classes bring opportunities for specialists to make a difference for particular groups of buyers.”

Meanwhile, head of UK broking Tom Malcolm believes the UK market has been “crying out” for brokers with the skillset and expertise to help steer businesses during these times.

“Our newly established UK division is well set to meet these demands via our team of product specialists who put client service at the core of everything they do,” he said.