Crescent Global establishes Lloyd’s Insurance and Reinsurance Brokering hub in Sri Lanka
View(s):Crescent Global Insurance and Reinsurance Brokers has become the first global player in the insurance and reinsurance business, to have offices and invest right here in Sri Lanka. A broker accredited by the world’s largest insurance market, Lloyds of London is now available here at home, in addition to their presence in all regional markets, Singapore, Dubai, etc., That happens through Crescent Global, the local firm said in a media release. In today’s world of high-risk entrepreneurship and cutting-edge business development, risk takers would seek insurance advice from a company that offers the full range of insurance services. They would also seek a reliable entity that is affiliated to the best in the business worldwide, with a reputation for best industry practices. Crescent Global Group is just such an Insurance and Reinsurance brokering business. “Crescent Global is proud to be the first and the only Lloyds of London broker to invest and establish a Reinsurance broking company in Sri Lanka.
We view Sri Lanka as a key brokering hub for the Crescent group in South Asia and are attracted to the quality of its work force, favourable investment climate, and proximity. We look forward to working with our stakeholders and being part of Sri Lanka’s growing economic prosperity,” Jamil R Bahou founder and Chairman of the group, said. Crescent Global manages an annual Insurance and Reinsurance portfolio, exceeding US$ 500 million in premiums. On top of that, its professionals working round the clock have collectively recovered over $ 1 billion in disputed property, and marine claims. “It’s not every business entity in the global Insurance and Reinsurance brokering realm that can boast of being tied to the Lloyds network by way of accreditation, while handling business from over 50 countries. “The company has friends in high places, in worldwide insurance trading. Crescent Global is a part of the Global Broker Network. (GBN),” says its Director, Indrajith Fernando.