Geo Underwriting opens European hub in Rotterdam
12 April 2019
Geo Underwriting, as part of The Ardonagh Group, are pleased to announce that Geo Europe, based in Rotterdam, the Netherlands, has now been licenced by the Dutch Authority for the Financial Markets (AFM).
Geo Europe headed up by Chief Underwriting Officer, Walter Craft, will act as a gateway for European business across the Group and platform to develop and launch specialty solutions for European Markets.
Walter brings with him over 20 years’ experience in broking, consultancy and management, working in previous roles at Aon and ING/NN Group in both the Netherlands and London.
Walter is supported by Marie-Louise den Otter, Head of Financial Lines, who prior to joining Geo Europe held senior underwriting and consultancy roles at Allianz Global Corporate and Specialty, AIG, Aon and Marsh.
Walter, Marie-Louise and the wider team bring to the market unique propositions in financial lines (including professional indemnity), cyber, general liability, construction and terrorism, with further niche lines added later this year.
With the power of The Ardonagh Group in support, Geo Europe offer clients efficient time to market and outstanding service.
Geo Underwriting CEO Paul Dilley said Geo Europe marks our commitment to the continent in the light of Brexit and forms a key part of our strategy moving forward.
“Having reviewed our strategic objectives, we decided that Rotterdam was the best place to base our business to give us the greatest access to Europe.
Geo Europe has been established and is equipped to provide access to insurance products for which specific expertise are required and local capacity is difficult to come by.
The Geo Europe team benefit from the backing of the leading independent diversified insurance intermediary in the UK with global reach, providing additional stability in uncertain times for the region.”
Walter Craft added:
“The insurance industry is currently undergoing unprecedented changes in terms of consolidation, product commoditization, as well as distribution. We want to be the go-to MGA for brokers across Europe, with the ability to offer specialty solutions locally and offering a gateway into London markets. We are ready and able to do just that”.
NOTES TO THE EDITOR
Geo Underwriting focuses on delivering value through providing specialty lines, differentiated service and bringing underwriting expertise closer to the customer.
Geo Underwriting is part of The Ardonagh Group, the UK’s largest independent insurance intermediary with global reach.
We are a network of over 100 office locations and a workforce of nearly 7,000 people.
Formed in 2017 and following a series of acquisitions in 2018, Ardonagh today brings together best-in-class brands including Autonet, Bishopsgate, Carole Nash, Geo Underwriting, Price Forbes, Swinton, Towergate and URIS. Our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver solutions that meet our customer needs.