18 September 2024
Verlingue London Markets has announced a significant expansion of its operation in the London Market with its newly formed European business, Verlingue London Markets Europe. This new business, a registered Lloyd’s Broker, is the London branch of parent Company, SAS Verlingue, the 5th largest broker in France and part of the family owned Adelaide Group, one of the largest independently owned brokers in Europe.
Verlingue London Markets will continue to service business from its UK and International broking partners whilst Verlingue London Markets Europe will provide placement and capacity solutions for all major Property, Casualty, Motor Fleet and Specialist Lines risks for its broker partners within the European Union.
In another exciting development, Verlingue also announced the launch of a newly formed specialist Marine division, which will operate across both businesses providing placement services for all lines of Marine insurances.
The combined business will be led by Barry Reynolds who is the current Executive Director of Verlingue London Markets Limited.
Barry Reynolds commented.
“We started this journey 7 months ago when we rebuilt, reshaped and relaunched our London Market offering. This latest expansion is incredibly exciting and enables us to significantly extend our European capabilities for our clients and broker partners. With the support of the Verlingue Group, and our wider broker relationships, we’ve set out our ambition to become the market leading Lloyd’s European Broker in London”
Benjamin Verlingue, Chairman of Adelaide Group commented
“We are delighted and honoured to become a registered Lloyd’s Broker. Our European group and international broker partnerships continue to successfully expand and our ability to access the full expertise and capacity solutions of the Lloyd’s and London markets, is a key part of this plan. Our strategy has always been to protect our clients wherever they operate in the World. Our new Group capability with Lloyds’ significantly enhances that capability.”
