Insurance broking specialist New Dawn Risk Group has announced the launch of its new European subsidiary, New Dawn Risk (Europe), headquartered in Malta.
Like its parent company, the business will focus on insurance broking for financial and professional lines, not only directly serving the growing financial and technology services industries in Malta but also providing solutions for New Dawn Risk’s global clients with European operations.
Elizabeth Grima/ LinkedIn
The new operation will be led by Elizabeth Grima and Tom Malcolm, appointed as Senior Executive Officer and Managing Director respectively, and assisted by Joseph Rizzo who has been in the insurance sector for more than 30 years.
Max Carter, CEO of New Dawn Risk Group commented on the expansion, saying: “The market for professional and financial lines is facing challenges on several fronts, as pricing continues to harden, and the complexity of placing risks increases.
“Our group has seen significant demand for our services internationally, and as a result we are delighted to be able to bring our offering to market in Europe; both in service of our larger global clients and to support the in-market requirements of Malta’s own financial services industry.”
Ms Grima added: “Our offering in Malta will be exclusively wholesale, working with local brokers to provide them and their clients with additional (and much needed) capacity to service larger and more complex financial lines risks.
“New Dawn Risk Group is one of the largest independent specialist brokers servicing professional and financial lines business around the world, and it is great to have access to that team on the ground in Malta.”
The company's registered offices at Dragonara Business Centre