Ed, the global reinsurance, wholesale and specialty broker, today announced it has been granted a license to carry out general insurance mediation business by the Jersey Financial Services Commission.
This follows on from last year’s announcement by the broker, of the expansion of their professional and executive risk offering in the Channel Islands with its successful application for a commercial insurance intermediary license granted by the Guernsey Financial Services Commission.
Nick Bachmann, Divisional Director of Professional & Executive Risk at Ed and based in Guernsey said: “This license significantly strengthens our ability to expand our offering in the Channel Islands region and build upon our services to new and existing clients. Increasing our presence in offshore centres, and strengthening our abilities to service clients in these markets, is central to our growth strategy.
Paul Richards, Managing Director or Professional & Executive Risk at Ed said: “Nick has now established himself as a key member of the Professional & Executive Risk team at Ed. His local presence in the Channel Islands, combined with our team’s collective expertise and understanding of international financial markets, makes the region the perfect place for the expansion of our professional and executive risk offering.”