Verlingue launches Lloyd’s-registered European broker

Corporate broker Verlingue, part of the Adelaide Group, has unveiled both a new operation for European clients and a specialist marine division.

Verlingue London Markets Europe, a newly registered Lloyd’s broker and branch of French broker SAS Verlingue, will place property, casualty motor fleet and specialist lines risks for broker partners in the European Union.

Verlingue said the venture is an expansion of its existing London market operation, Verlingue London Markets, which will continue to serve clients from its UK and international broking partners.

At the same time, Verlingue has launched a newly formed specialist marine division, which will operate across both businesses placing risks for all marine classes.

Barry Reynolds, current executive director of Verlingue London Markets, will also lead Verlingue London Markets Europe.

In November last year, it was announced that Verlingue London Markets would be the new name for NBJ London Markets.

Reynolds said: “We started this journey seven months ago when we rebuilt, reshaped and relaunched our London market offering. This latest expansion is incredibly exciting and enables us to significantly extend our European capabilities for our clients and broker partners.

“With the support of the Verlingue Group, and our wider broker relationships, we’ve set out our ambition to become the market leading Lloyd’s European broker in London.”

Benjamin Verlingue, chairman of Adelaide Group, said its new registration as a Lloyd’s broker opens up further potential for expansion and growth globally.

“Our European group and international broker partnerships continue to successfully expand, and our ability to access the full expertise and capacity solutions of the Lloyd’s and London markets is a key part of this plan. Our strategy has always been to protect our clients wherever they operate in the world. Our new group capability with Lloyd’s significantly enhances that capability.”