British and European financial services firms open in Australia
20 June 2011
Two leading financial services firms have recently opened offices in Australia.
UK-based Brit Insurance, a general insurance and re-insurance group, has opened a new service office in Sydney.
The new company will act as the gateway for all property treaty reinsurance business coming from Australia and New Zealand. Brit Insurance specialises in commercial business with distribution through brokers and intermediaries.
France-based reinsurer SCOR Global Life SE, a subsidiary of SCOR SE, has opened a new subsidiary in Australia and is authorised to conduct reinsurance business in the Australian and New Zealand markets.
SCOR’s global expertise is in group, retail and life business. It has had a property and casualty (P and C) reinsurance office in Australia since 1976.
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