Sodalis Capital, an investment company specializing in international insurance intermediaries, announced the establishment of Brecon Specialty Ltd.
Headquartered in London, the new brokerage will provide specialist brokerage and risk advisory services to independent brokers in global markets, in addition to servicing direct clients. Its core focus is global cyber and technology errors and omissions (E&O) risks.
Brecon Specialty will commence operations with a team of 14 professionals. The company is led by David Rees, and the team brings together more than a century of combined industry experience. The team contributes deep brokerage expertise and long-standing relationships in the London insurance market.
Operationally, Brecon Specialty will be supported by the infrastructure of Sodalis Capital and specialist outsourcing provider Pro Insurance Solutions Limited. The company will leverage Pro’s insurance platform while entering the market through Lloyd’s of London.
“Brecon was established to provide dedicated independent brokers in the London market,” commented David Rees, CEO of Brecon. “Our broker partners and clients will benefit from best-in-class service and considerable capacity provided by a team of top network experts.”
Colin Thompson, Sodalis Group CEO, added: “We are very pleased and proud to have David and the team join the Group. “With our unique capital base and best-in-class team, we believe we are now uniquely positioned to deliver a market-leading proposition in the network and technology E&O markets.”
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