New Dawn Risk Group Limited, an independent specialist intermediary for non-marine liability and specialty insurance and reinsurance, has been given approval to operate as a registered Lloyd’s broker.
The approval comes after the group traded for nine years as an appointed representative of Grosvenor Brokers (America) LLC and more recently of Carroll Insurance Group.
Max Carter, CEO of New Dawn Risk, said; “We are delighted that we have taken the step of becoming a Lloyd’s registered broker in our own right. Having enjoyed the benefits of being an appointed representative from our start-up in 2008, this is a natural progression for us.
“We are now a full member of the Lloyd’s community, and we look forward to growing our Lloyd’s business significantly in the coming years.”
The specialty re/insurance broker begun operations in 2008 headquartered in the City of London, and has since spread out into international markets to gain 95% of its business from outside of the U.K.
Connie Dyson, Director of Broking at New Dawn Risk, commented on the firm’s move to become a Lloyd’s broker; “Lloyd’s remains as important a marketplace for specialty risks as it’s ever been, and is a centre of innovation in the global insurance industry. We are honoured to play our part in that.”