Specialist independent Lloyd’s broker SSL Endeavour Ltd. announced it is planning to launch a wholly owned subsidiary, SSL Endeavour Insurance Brokers Ltd. Cyprus & Greece, pending regulatory approval.
Headquartered in Cyprus with a branch office in Athens, SSL Endeavour Cyprus & Greece will be led by Non-Executive Chairman George Tsavliris, CEO Manos Sofronis and Executive Director Nicolaos Tzimas.
The company has had a Greek office since 2007, under the brand of independent specialist marine broker SSL Insurance Group, which merged with Endeavour Insurance Services last year.
“George, Manos and their team bring with them exemplary shipping and insurance knowledge, very close relationships with both communities and their clients, and I am very confident that they will guide SSL Endeavour Insurance Brokers Ltd. into new and exciting era of expansion into regional marine and non-marine lines,” commented David Lawrence, group CEO of London-based SSL Endeavour, a specialist in the placement of open market and delegated authority business produced by direct clients and worldwide agents.
“Not only does the formation of this new company ensure continuity of service for our clients regardless of the outcome of Brexit, it also gives us the continued opportunity to expand through both portfolio acquisitions and organic growth, offer new lines of insurance business and develop our wholesale strategy leading to retail distribution,” Lawrence added.
“I am absolutely delighted to be part of this new, exciting business,” said George A. Tsavliris, non executive chairman of SSL Endeavour Cyprus & Greece.
“The newly formed company will be one of the few true international Lloyd’s brokerage houses based in Greece and Cyprus specializing in both marine and non-marine classes of business, and this gives us a distinct differential and advantage over many of our peers,” Tsavliris affirmed.
“I established the Greek SSL office in 2007 and since then we have made significant inroads in the Greek shipping community, concentrating on all classes of marine business to become a dominating force in the market and securing a substantial book of major fleets,” said Manos Sofronis, CEO, SSL Endeavour Insurance Brokers Cyprus and Greece.
“Our clientele ranges from some of the largest blue chip shipowners and US listed companies, to smaller more traditional shipping families, and we have raised our profile into the global shipping market and opened doors to some of the best shipping companies both in Greece and overseas as well,” Sofronis continued.
Source: SSL Endeavour Group
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis: Survey 
A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles 
Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps 
