RibéSalat, a Spanish re/insurance broker, has opened a subsidiary in London to consolidate its international growth.
The broker said that through RibéSalat UK the company responds to the high volume of activity to continue providing its (re)insurance solutions to companies and cedants based in the country.
CEO Mónica Ribé commented: “We are extremely pleased with the opening of RibeSalat UK Ltd. We arrived in the UK a decade ago and we consolidated our position after becoming a Lloyd’s broker in 2018. Now, five years later, this is another milestone to continue developing our global footprint.
“Our British subsidiary allows us to continue to deliver the tailor-made re/insurance solutions that we are renowned for in the international market.”
As a recognized independent facultative reinsurance broker in the UK, the company will continue to focus in renewable energy, its main area of expertise, both onshore and offshore.
Moreover, the company will continue to carry out regulated re/insurance activities in other lines of business.
Javier Rua, Reinsurance Director, said: “Commitment and agility are part of our DNA. The London market remains a cornerstone within our international strategy. RibéSalat UK Ltd. is ready to continue delivering long-term stability to our cedants, especially during such uncertain times.”
