Geo Underwriting opens European hub in Rotterdam
Geo Underwriting, as part of The Ardonagh Group, is pleased to announce that Geo Europe, based in Rotterdam, the Netherlands, has now been licenced by the Dutch Authority for the Financial Markets (AFM).
Geo Europe headed up by Chief Underwriting Officer, Walter Craft, will act as a gateway for European business across the Group and platform to develop and launch specialty solutions for European Markets.
Walter brings with him over 20 years’ experience in broking, consultancy and management, working in previous roles at Aon and ING/NN Group in both the Netherlands and London.
Walter is supported by Marie-Louise den Otter, Head of Financial Lines, who prior to joining Geo Europe held senior underwriting and consultancy roles at Allianz Global Corporate and Specialty, AIG, Aon and Marsh.
Walter, Marie-Louise and the wider team bring to the market unique propositions in financial lines (including professional indemnity), cyber, general liability, construction and terrorism, with further niche lines added later this year.
With the power of The Ardonagh Group in support, Geo Europe offer clients efficient time to market and outstanding service.
Geo Underwriting CEO Paul Dilley said Geo Europe marks our commitment to the continent in the light of Brexit and forms a key part of our strategy moving forward.
“Having reviewed our strategic objectives, we decided that Rotterdam was the best place to base our business to give us the greatest access to Europe.
Geo Europe has been established and is equipped to provide access to insurance products for which specific expertise are required and local capacity is difficult to come by.
The Geo Europe team benefit from the backing of the leading independent diversified insurance intermediary in the UK with global reach, providing additional stability in uncertain times for the region.”
Walter Craft added:
“The insurance industry is currently undergoing unprecedented changes in terms of consolidation, product commoditization, as well as distribution. We want to be the go-to MGA for brokers across Europe, with the ability to offer specialty solutions locally and offering a gateway into London markets. We are ready and able to do just that”.
The Geo journey has begun.
An exciting future lies ahead as our Towergate businesses move over to Geo. From 1 February 2018, our personal lines business joins Geo Specialty in operating under the Geo brand. The move marks the next step in a programme of change as we transform into an agile MGA structured for long term success in an evolving insurance market.
Our commercial businesses will soon also move over to Geo, completing the operational phase of the transition. But that’s by no means the end of it. We’re on a journey to make a difference. To carriers. To brokers. To the industry as a whole. Geo is the start of that journey.
We look forward to sharing it with you.
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