THB completes leadership transition in European division

Specialist re/insurance broker THB has completed the  leadership transition in its European division based in Amsterdam following the retirement of managing director Joaquim Caria.

Ricardo Borges has transitioned into the role of managing director of the business, following a smooth transfer of responsibilities from Caria.

Caria is retiring after more than 40 years in the insurance sector, including 25 years leading THB’s Amsterdam-based reinsurance operation which he established alongside friend and colleague Paul Lindeboom, and developed together until Lindeboom’s retirement in July last year.

“Joaquim is, simply, one of the finest operators I have met in the reinsurance world," said Frank Murphy, THB CEO. "Together with Paul, he built an outstanding operation, starting with business in continental Europe and then latterly expanding into Africa. THB is indebted to him for his professionalism and meticulous attention to detail and we all wish him a very happy and well-earned retirement.”

Caria added: “Reinsurance has given me a wonderful career and I am proud of the business that Paul and I have grown since 1994 to become the THB Europe of today. Having worked with Ricardo Borges for many years, I know that I leave the team - and our clients - in exceptionally good hands.”

Borges commented: “Joaquim has been a wonderful mentor, and I am truly grateful to him for his advice and counsel over the years. With the exceptional legacy that Joaquim and Paul leave behind, combined with the huge opportunities presented by being part of the THB Group and wholesale global broking giant AmWINS, this really is an exciting time for the European division.”

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