Senior Appointment: Champion to drive expansion of RFIB’s facilities and binders business
RFIB Group Limited (“RFIB”), the international Lloyd’s insurance and reinsurance broker, is pleased to announce that Mr Hugh Champion, currently with Heath Lambert Group, is to join the group to drive the group’s strategic expansion of its leading position in facilities and binding authority business.
RFIB is currently one of the top ten generators of binder and coverholder business into the Lloyd’s market. Such business accounts for a significant proportion of the group’s North American income, a significant minority of its international non marine business and elements of its marine and UK income.
Hugh will work across the group to further develop RFIB’s portfolio of facilities and binders business with particular emphasis on expanding the group’s presence outside of North America, whilst building on RFIB’s significant international presence in the reinsurance sector.
Richard Johnston, Managing Director of RFIB Non Marine, commented: “RFIB already has a significant international presence through its reinsurance activities. The current pace of growth of economies in Latin America, Central and Eastern Europe and Asia means that further opportunities are now opening up in the international wholesale insurance arena, where we are able to apply our expertise in facilities and binders business on a much wider basis.”
Patrick Holcroft, RFIB Group Chief Executive, said: “The recruitment of Hugh is a further reflection of RFIB’s strategy of developing in areas where we already have specialist expertise which can be applied to new business opportunities. Our ability to attract someone of Hugh’s expertise and standing to drive this expansion is a very visible endorsement of the opportunities which RFIB has to offer, both now and in the future. Hugh’s start date has not yet been fixed and we will update the market once it is confirmed.”