RFIB Energy Australia Reports Strong Growth in Year One
RFIB Group, the international Lloyd’s insurance and reinsurance broker, announces strong growth within its subsidiary, RFIB Energy Australia PTY Ltd (RFIB Energy Australia), winning over twenty clients in its first year of operation.
The Perth-based office, which launched in September 2009, was established to provide specialist energy insurance brokerage to the oil and gas/resources sectors across Australia.
Simon Race, Managing Director of RFIB Energy Australia, commented: “Since launch in September last year, we have gone from a standing start to providing insurance and risk management solutions to more than twenty clients across every major capital city in Australia Our strong growth over the first year reflects the market desire for a specialist broker focussed on the resource sector and validates our decision to establish the first – and only – specialist energy insurance broker in Australia. We now have an excellent foundation to build our Australian client base and support the continued growth of RFIB’s international energy book.”
Jonathan Lyne, RFIB Director of Energy added: “The rapid success of RFIB Energy Australia demonstrates the industry’s recognition of the team’s technical expertise within the energy and resource sectors. Alongside the dedicated broking team and in-house claims and risk assessment professionals, RFIB Energy Australia also employs a specialist petroleum engineer who provides a genuine technical understanding of the risks being placed. The team in Perth works closely with our London Energy team to bring global solutions to all clients regardless of size“