New Dawn Risk, a specialist insurance broker, announced the launch of its new European subsidiary, New Dawn Risk (Europe), which will be headquartered in Malta.
Like its parent company, the subsidiary focuses on insurance broking for financial and professional lines.
“The market for professional and financial lines is facing challenges on several fronts, as pricing continues to harden, and the complexity of placing risks increases,” New Dawn Risk Group CEO Max Carter said.
“Our group has seen significant demand for our services internationally, and as a result we are delighted to be able to bring our offering to market in Europe; both in service of our larger global clients and to support the in-market requirements of Malta’s own financial services industry,” Mr Carter continued.
The Group’s European operation will be led by Senior Executive Officer Elizabeth Grima and Managing Director Tom Malcolm.
Ms Grima and Mr Malcolm will be assisted by Joseph Rizzo, a veteran in the insurance sector.
“Our offering in Malta will be exclusively wholesale, working with local brokers to provide them and their clients with additional (and much needed) capacity to service larger and more complex financial line risks,” Ms Grima said.
“New Dawn Risk Group is one of the largest independent specialist brokers servicing professional and financial lines business around the world, and it is great to have access to that team on the ground in Malta,” she concluded.
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