New Dawn Risk sets up European subsidiary citing ‘significant demand’

Insurance broker  New Dawn Risk Group has launched a European subsidiary headquartered in Malta focussing on financial and professional lines of business, where it has seen a “significant demand” as pricing continues to harden.

New Dawn Risk (Europe) will be led by Elizabeth 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.

The new European operation will directly serve the growing financial and technology services industries in Malta. The broker said it will also have the capacity to deliver solutions for the company's global clients who have European operations with complex financial lines requirements.

“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,” said Max Carter, CEO of New Dawn Risk Group. “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.”

Grima addeded: “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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