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Reinsurance broker celebrates 25th year and international expansion

in Business, News

NDI, an insurance and reinsurance broker based in Norwich, is celebrating reaching a £2 Million turnover after expanding its international presence and moving its London office into The Gherkin in the financial district.

Set up in 1995 by Peter Greengrass, the firm has grown significantly in recent years and is now one of only 315 Lloyds brokers in the world.

NDI places reinsurance for sectors including the property, construction, aviation, marine, liability and health sectors and covers niche risks including a marine vessel in Buenos Aries that clears rubbish from the harbour.

Its London team has direct access to Lloyd’s and the London markets and is heavily involved with Marine Hull, Cargo, Aviation, Oil & Energy and Surety & Guarantee Business.

Opening an office in Argentina last year to provide a footprint for South America has helped to boost the growth of the business by approximately 40% in the last 12 months. NDI is now on track to double turnover by the end of 2019 to £4 Million.

NDI also launched a specialist division, Takaful & Retakaful Ltd, which is the UK’s 1st and currently only Sharia compliant broker after completing a Shariah audit three years ago. Set up to meet customer demand after the rise of global Islamic economies, Takaful & Retakaful Ltd is fast becoming a leading light in the UK Takaful sector.

Moving forwards, NDI is preparing to establish a presence in Malta initially focusing on Property, Bonds and Health related sectors – as part of its Brexit strategy.

Chris McManus, Managing Director of NDI believes this compliments the firm’s strategic territorial growth plans with Malta’s proximity to Italy, Africa and the Middle East and their strong connections in Italy, Greece and Romania.

He adds: “I am delighted to celebrate our 25th anniversary and year-on-year growth which demonstrates the hard work of our team and our strong business relationships developed over the years. Our move into The Gherkin in the capital’s financial sector is a strategic move for our business due to our international presence and clients are enjoying visiting the UK’s most recognisable building from across the world. After celebrating a very successful first quarter, we are excited about the year ahead and will be recruiting more brokers this summer and launching additional products.”