Davies’ European broking platform, Davies Broking Europe SRL (‘DBE’), has been granted Lloyd’s broker accreditation by Lloyd’s Insurance Company. 

This comes against a backdrop of a dynamic evolution of the insurance regulatory environment in Europe, which has created the need for greater and expert support for those wishing to operate within the single market. 

The accreditation will allow Davies to extend its UK broker incubation platform for clients aiming to grow and establish infrastructure in Europe through Brussels.  

DBE will provide an effective alternative for handling Lloyd’s Managing Agents’ internal broker and service company Bureau processing related to Lloyd’s Insurance Company (LIC). It will also provide Non-Lloyd’s Bureau processing for London Market Carriers underwriting business in the European Economic Area (EEA). 

In addition, DBE will act as a strategic partner to facilitate an effective EEA presence for both Lloyd’s and non-Lloyd’s business, by serving as the EU placing broker. Building on Davies’ unrivalled reputation as a global professional services provider, DBE will also operate as an outsourced service provider. 

Matt Lane, Director of DBE said: “For UK based insurance brokers it has become clear that location is now everything. Those who wish to intermediate European business must physically establish themselves within the single market with their own management structures and operational models. 

“With its position at the heart of Europe and home to major EU institutions, Brussels has emerged as a preferred base for companies aiming to navigate the evolving regulatory landscape. A presence in the Belgian capital offers easier access to the EEA markets, facilitating smoother operations and regulatory compliance.” 

Steven Goate, Director of DBE added: “Insurance brokers have to seek regulatory registration within the EU, and the process is far from straightforward with EU regulators becoming ever more prescriptive on the way in which the EU operation is managed and structured. 

“Given the scale of these challenges, the industry has been seeking innovative and comprehensive solutions, which allows more streamlined access to the EU and its risks. DBE can deliver these solutions giving far more cost effective and efficient market access to brokers.” 

“The benefits of a strong partnership with an entity that offers regulatory authorisation, access to key insurance markets, and comprehensive support services are invaluable on this journey,” Steve Goate said. “The launch of Davies Broking Europe reaffirms our commitment to supporting our clients in the EEA at a time when regulatory and operational oversight are only set to increase. 

If you would like to continue the conversation, get in touch with Director’s of Davies Broking Europe, Matt Lane at matt.lane@davies-group.com or Steven Goate at steven.goate@davies-group.com