The Jersey Financial Services Commission has granted the global reinsurance, wholesale and speciality broker Ed with a license to carry out general insurance mediation business.
The broker had previously announced their 2017 expansion of professional and executive risk offering in the Channel Islands following its successful application for a commercial insurance intermediary license, granted by the Guernsey Financial Services Commission.
Nick Bachmann, Guernsey-based Divisional Director of Professional and Executive Risk at Ed, commented, “This license significantly strengthens our ability to expand our offering in the Channel Islands region and build upon our services to new and existing clients. Increasing our presence in offshore centres, and strengthening our abilities to service clients in these markets, is central to our growth strategy.”
Managing Director of Professional and Executive Risk at Ed, Paul Richards, added, “Nick has now established himself as a key member of the Professional & Executive Risk team at Ed. His local presence in the Channel Islands, combined with our team’s collective expertise and understanding of international financial markets, makes the region the perfect place for the expansion of our professional and executive risk offering.”