LONDON: 16 February 2012
Cooper Gay & Co Ltd, the Lloyd's broker, has rebranded its MGA platform, Oliva as Globe Underwriting as part of a decision to refocus on international business.
Globe Underwriting will initially specialise in international marine, cargo and professional indemnity.
The Oliva brand has been sold under a ‘management buyout' to Cliff Browne and Paul Bennett; supported by a third party investor.
Chris Butcher, CEO International at Cooper Gay & Co said: "We are now focused on building Globe Underwriting into an international MGA that benefits from the considerable synergies created by working closely with other Cooper Gay Swett & Crawford Group businesses. While Oliva's current UK based business model is non-core for Cooper Gay, it will provide an excellent base on which Cliff and Paul can build a strong UK regional underwriting business".
For further information, please contact: Cooper Gay's press team.
Founded in 1965, Cooper Gay is one of the world's leading independent insurance and reinsurance intermediaries. Headquartered in London, and operating at Lloyd's, Cooper Gay forms part of the Cooper Gay Swett & Crawford Group, the largest independent global wholesale and reinsurance broker.
The Group has a global network and truly international reach, with over 1,400 skilled professionals operating from more than 60 offices across the Americas, Europe, Asia and Australasia.