CGSC partners with Brazilian broker network
Broker Cooper Gay Swett & Crawford (CGSC) has partnered with Brazilian broker network GC do Brasil.
The partnership will provide GC do Brasil’s retail broking members with access to wider wholesale markets and new products.
CGSC do Brasil will provide the network with wider access to local and global markets, including Cooper Gay’s reinsurance contracts via the CGSC Latin America hub in Miami and through CGNMB in Lloyd’s and the London market. CGSC will also provide GC do Brasil and its brokers with new products particularly focused on commercial lines risks.
The network is owned by 67 retail brokers based in 100 important mid-sized cities and towns in Brazil where the firms are usually the leading local insurance providers.
CGSC’s Brazilian operations are led by Fabio Basilone, who is CEO of both Cooper Gay do Brasil and Swett & Crawford Brasil, which owns local wholesalers ACMS and JLD. Basilone reports to Ulisses Soares, the recently-appointed CEO for CGSC Latin America.
Fabio Basilone, chief executive officer of Cooper Gay do Brasil and Swett & Crawford Brasil, said: “Our partnership with GC do Brasil is a significant milestone in the development of Swett & Crawford Brasil’s wholesale business. We now reach hundreds of retail brokerage firms and expect to grow that number above 1,000 firms quickly.
“Between wholesaling and reinsurance operations across our five offices in Brazil, we place over 800 million Brazilian reales of premium and we believe our distribution platform and market access is second to none.”
Alvaro Angelo de Lima, president of GC do Brasil, said: “Our partnership with CGSC will enable our members to tap into a wider range of local and global markets, negotiate better terms and conditions and offer more products that our member brokers can sell to their clients.”
