NDI, an insurance and reinsurance broker based in Norwich, UK, has announced that it is expanding its international presence and moving its London office into The Gherkin in the city’s financial district.
Established in 1995, NDI places reinsurance for sectors including the property, construction, aviation, marine, liability and health sectors with a focus on niche risks.
Its London team has direct access to Lloyd’s and the London markets and is involved with Marine Hull, Cargo, Aviation, Oil & Energy and Surety & Guarantee Business.
Last year, NDI opened an office in Argentina to provide it with a footprint in South America.
This office has boosted the growth of the business by approximately 40% in the last 12 months, and NDI now anticipates turnover of £4 million by the end of 2019.
NDI also launched a specialist division last year, Takaful & Retakaful Ltd, which aims to meet customer demand after the rise of global Islamic economies.
Moving forwards, the broker is preparing to establish a presence in Malta initially focusing on Property, Bonds and Health related sectors as part of its Brexit strategy.
Chris McManus, Managing Director of NDI, explained that expansion into Malta will provide it with proximity to Italy, Africa and the Middle East and strong connections in Italy, Greece and Romania.
“Our move into The Gherkin in the capital’s financial sector is a strategic move for our business due to our international presence and clients are enjoying visiting the UK’s most recognisable building from across the world,” McManus stated.
“I am delighted to celebrate our 25th anniversary and year-on-year growth which demonstrates the hard work of our team and our strong business relationships developed over the years,” he added.
“After celebrating a very successful first quarter, we are excited about the year ahead and will be recruiting more brokers this summer and launching additional products.”
