Business
BESSO OPENS OFFICE IN BRAZIL
BESSO OPENS OFFICE IN BRAZIL.
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n \nRNS Number : 9943K B.P. Marsh & Partners PLC 01 July 2014 \n\nDate: 1 July 2014\nOn behalf of: B.P. Marsh & Partners Plc (\"B.P. Marsh\", the \"Company\" or the \"Group\")\n \nB.P. Marsh & Partners Plc\nInvestee Company Update - Besso Insurance Group Limited\n \n \nBESSO OPENS OFFICE IN BRAZIL\nB.P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early stage financial services businesses, announces that Besso Insurance Group Limited (\"Besso\"), the independent top 20 Lloyd's broker in which B.P. Marsh has a 37.94% stake, has announced that it has received the appropriate licenses to begin trading in its newly opened office in Rio de Janeiro, Brazil. \nBesso will be providing a broad range of products including D&O, marine and specialist reinsurance products to its clients in Brazil, increasing the international reach that its clients benefit from and building on the company's ambitions to grow globally. \n \nBesso has recruited Frederico Casal-Ribeiro to head up the team based there. Frederico joins Besso from insurance broker Dynamix Seguros, of which he was both the founder and major partner, and has held positions previously at MII Capital, AIG and Lagos Sports.\n \nColin Bird, CEO and Chairman of Besso said: \"Brazil is currently going through a period of immense growth and development, and at this exciting time a multitude of opportunities continue to surface. We felt this was the perfect time to capitalise on such opportunities, especially when having a local presence will ensure that we provide our clients in South America with a much better service. We consider Rio de Janeiro to be the hub of reinsurance activity in Brazil, and we are looking forward to being part of it.\"\n \nBrian Marsh, Chairman of B.P. Marsh said: \"We believe this to be a significant development for Besso and an important step forward in its international growth ambitions\".\n \n \nFor further information:\n \nB.P. Marsh & Partners Plc &nbs...