RFIB Holdings Limited: Office move lays foundation for further expansion
Office move lays foundation for further expansion
In what is believed to be one of the largest City property transactions in the last six months, international Lloyd’s insurance and reinsurance broker, RFIB Holdings Limited (’RFIB’), today announces it has entered into an agreement to lease new offices at the redeveloped 20 Gracechurch Street, London, EC3.
Situated at the junction of Gracechurch Street and Lombard Street, the building is strategically positioned close to Lloyd’s of London and at the crossroads of the City’s financial and insurance districts.
The move both reflects the continuing growth of RFIB and positions the business for future expansion. Accordingly, RFIB is taking in excess of 40,000 square feet in the high quality offices.
Patrick Holcroft, Chief Executive Officer of RFIB, said: “It has been an exciting year for RFIB. Our move, which is scheduled for the autumn, will both accommodate our recent growth and allow for our future growth plans. The space is ideally located, providing us with an excellent working environment at the heart of London’s insurance market.”
Earlier this year, the group reported strong growth in the group’s operating revenues for its financial year to 30 June 2008 which was fuelled by the contribution of new teams and organic growth within the group’s Marine, Non Marine and North American divisions.