Sodalis Capital, an investment firm specialising in international insurance intermediaries, has announced the launch of Brecon Specialty Ltd.
Headquartered in London, the new brokerage will provide specialist broking and risk advisory services to independent brokers across global markets, in addition to serving direct clients. Its core focus will be Cyber and Technology Errors & Omissions (E&O) risks worldwide.
Brecon Specialty will begin operations with a team of 14 professionals. The firm is led by David Rees, and the group brings together more than a century of combined industry experience. The team contributes deep broking expertise and long-standing relationships across the London insurance market.
Operationally, Brecon Specialty will be supported by the infrastructure of Sodalis Capital and specialist outsourcing provider Pro Insurance Solutions Limited. The firm will utilise Pro’s insurance platform while accessing the market through Lloyd’s of London.
“Brecon was established to offer a focused independent broker in the London market,” commented David Rees, CEO of Brecon. “Our broker partners and clients will benefit from best-in-class service and access to considerable capacity, delivered by a team of cyber specialists that are at the top of their game.”
“We are delighted and immensely proud that David and team are joining the Group,” added Colin Thompson, Group CEO of Sodalis. “With our unique capital base and a best-in-class team, we think we are now uniquely positioned to offer a market-leading proposition in the Cyber and Technology E&O market.”
