RFIB Group, (RIFB or the Group), the international Lloyd’s insurance and reinsurance broker, is reorganising its current Marine and Non-marine divisions into three new areas with the objective of increasing its focus on clients and markets. The divisions will be known as International, Wholesale RFIB Group, (RIFB or the Group), the international Lloyd’s insurance and reinsurance broker, is reorganising its current Marine and Non-marine divisions into three new areas with the objective of increasing its focus on clients and markets. The divisions will be known as International, Wholesale.
The International division will include the full range of Marine and Non-marine insurance and reinsurance products and services. It will enable closer coordination of the full range of RFIB products and services to RFIB’s international client base. This area will be led by Stephen Hirst.
The Specialty division will bring together the specialty and London market (re)insurance business of RFIB. The Alternative Risk Team led by Nick Foden-Pattison forms a key part of this area. The division will report through to Jonathan Turnbull.
The Wholesale & Direct division will comprise RFIB’s wholesale, direct insurance and binder facilities. This will be led by Hugh Champion.
The North American division will remain the same and will continue to be led by David Wheal.
Robert Jamieson, Managing Director of RFIB Non-Marine, has announced his desire to step down from the board of RFIB and move to a part time role.
Marshall King, RFIB Group Chief Executive Officer, commented “This reorganisation is a natural evolution of the growth of capabilities within RFIB over recent years. The new International division will help RFIB to offer its ever widening Marine and Non-marine capabilities to its key clients across multiple geographies. The creation of the Specialty division brings together a number of highly talented individuals within the company who are able to create innovative (re)insurance solutions for our clients. The formation of the Wholesale & Direct division gives our range of direct and wholesale services a clear focus and leadership”.
“I would like to thank Robert Jamieson for his dedication to RFIB over the last 21 years. We are delighted to have his continued support as we enter the next phase of the Group’s development.
“RFIB now has brokerage in excess of £40m and is a growing force in the London and international markets. We continue to seek quality individuals and teams to help us to grow our business in a highly entrepreneurial environment.”