What's Happening?
Consilium, a London-based specialty re/insurance wholesale broker, has announced the opening of a new hub in Kingston, Jamaica, pending regulatory approval. This expansion is part of Consilium's strategy to enhance its wholesale operations in key global hubs, utilizing local expertise and its proprietary technology platform, AtomX. The Kingston hub will focus on commercial wholesale specialty insurance and reinsurance across various sectors, including property, liability, cyber, and marine.
Why It's Important?
The establishment of a new hub in Jamaica signifies Consilium's commitment to strengthening its presence in the Caribbean market. This move is expected to enhance the availability of specialty insurance products and solutions tailored for large corporates in the region. By leveraging advanced technology and local expertise, Consilium aims to improve client service and efficiency, potentially setting a precedent for other international brokers seeking to expand their operations in emerging markets.
