“We are delighted to have established our presence in London and have Ramon as our partners. We believe that with our Lloyd’s entity we represent a differentiated offering to the Caribbean market as we look to broaden our services to customers in the region,” said Joe Brugos, president of CRG and chief executive officer of CRG International.
Lee Ellis, chief strategy officer at Ramon and president of CRG International, said: “CRG is an important strategic partner for Ramon and an essential part of our ambitions in the region. There is a natural symbiosis between our companies and a clear ability to create value for each other. This is a true partnership built on the solid foundation of a trusted relationship. I am happy that we were able to close this deal.”
CRG International Ltd. is majority owned by the partners of Caribbean Risk Group LLC., creating a truly Caribbean Lloyd’s entity that offers a unique selling point to the region, the company said.
“We see a lot of London brokers owning activities in the Caribbean, but what we don’t see are Caribbean brokers owning activities in London. Key to the success of closing this deal was that Ramon shared CRG’s vision that the London operation should maintain a Caribbean identity,” added Brugos.
Source: The Bharat Express News
