Ed Broking is a global wholesale insurance and reinsurance broker with offices in the world’s key regional and global insurance centres. Ed, a top ten Lloyd’s broker, received regulatory approval from the Bermuda Monetary Authority (BMA) to begin operations in Bermuda. Ed Bermuda will provide its full range of multiline broking services, backed by the advanced application of technology through TradEd, its proprietary trading platform. Opening in Bermuda underpins Ed’s commitment to existing and potential clients, particularly in the US, Canada, and the Caribbean, and will form an important component of parent BGC Insurance Group’s global insurance services offering.
Bermuda partner Brad Adderley who acted as legal advisor to Ed said: “The Appleby team congratulates the award-winning Ed Broking team on becoming registered as an insurance broker in Bermuda. It is testament to Bermuda’s insurance and tech friendly environment that the innovative Ed Broking team chose Bermuda as their next base for their global operations. We look forward to continuing to work with the team on many exciting initiatives.” Brad Adderley was assisted by Associate Shannon Cann.
Appleby’s specialist Insurance & Reinsurance team provides advice on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as advising (re)insurance managers and brokers based in international jurisdictions.
They specialise in advising on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as (re)insurance managers and brokers based in international jurisdictions. They advise private and listed companies, including major New York and London finance houses, as well as FTSE 100 and Fortune 500 household names.