New Dawn Risk Group has announced the launch of its new European subsidiary based in Malta, New Dawn Risk (Europe), which will be led by Elizabeth Grima and Tom Malcolm.
Established in 2008 in London, broker New Dawn Risk has established itself as a globally recognised specialist in all lines of liability insurance and related specialty classes of business.
Similar to its parent, the new European arm has a focus on insurance broking for financial and professional lines of business.
New Dawn Risk (Europe) will directly serve the growing financial and technology services industry in Malta, and also has the capacity to deliver solutions for its parent’s global clients who have European operations with complex financial lines requirements.
The new business will be led by Grima as Senior Executive Officer and Malcolm as Managing Director, with assistance from Joseph Rizzo, who has more than three decades of insurance industry experience.
Max Carter, Chief Executive Officer (CEO) of New Dawn Risk Group, commented: “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.”
Grima added: “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.”
