New Dawn Risk Group has launched a new European subsidiary, headquartered in Malta.
New Dawn Risk (Europe) focuses on insurance broking for financial and professional lines.
The new European operation will be led by Elisabeth Grima and Tom Malcolm, respectively appointed as senior executive officer and managing director, assisted by Joseph Rizzo who has been in the insurance sector for more than 30 years.
Max Carter, CEO of New Dawn Risk Group said: “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. 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.”
Elisabeth Grima, senior executive officer, New Dawn Risk (Europe), commented: “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 lines risks. 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.”
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